State of Wisconsin Investment Board Has $171.01 Million Holdings in Intel Corporation (INTC)
State of Wisconsin Investment Board grew its position in shares of Intel Corporation (NASDAQ:INTC) by 10.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,068,412 shares of the chip maker’s stock after purchasing an additional 493,129 shares during the quarter. State of Wisconsin Investment Board owned about 0.11% of Intel Corporation worth $171,008,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. raised its holdings in Intel Corporation by 3.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 24,627,860 shares of the chip maker’s stock worth $830,944,000 after purchasing an additional 766,819 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Intel Corporation by 3.1% during the 2nd quarter. Fisher Asset Management LLC now owns 20,791,355 shares of the chip maker’s stock worth $701,500,000 after purchasing an additional 623,698 shares during the last quarter. Sanders Capital LLC raised its holdings in Intel Corporation by 2.2% during the 1st quarter. Sanders Capital LLC now owns 14,736,874 shares of the chip maker’s stock worth $545,383,000 after purchasing an additional 316,800 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Intel Corporation by 7.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 9,761,964 shares of the chip maker’s stock worth $329,427,000 after purchasing an additional 686,808 shares during the last quarter. Finally, DnB Asset Management AS raised its holdings in Intel Corporation by 72.2% during the 2nd quarter. DnB Asset Management AS now owns 9,355,948 shares of the chip maker’s stock worth $315,670,000 after purchasing an additional 3,922,470 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.
Shares of Intel Corporation (NASDAQ:INTC) opened at $45.58 on Friday. The firm has a market capitalization of $216,684.00, a P/E ratio of 14.56, a PEG ratio of 1.69 and a beta of 1.09. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $47.30. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60.
Intel Corporation (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. The firm had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. Intel Corporation had a return on equity of 22.65% and a net margin of 22.31%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 earnings per share. sell-side analysts forecast that Intel Corporation will post 3.25 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be paid a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, November 6th. Intel Corporation’s dividend payout ratio (DPR) is presently 38.11%.
Several research analysts have issued reports on INTC shares. Zacks Investment Research lowered shares of Intel Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Stifel Nicolaus reiterated a “buy” rating and issued a $39.00 price objective on shares of Intel Corporation in a research note on Friday, July 14th. ValuEngine lowered shares of Intel Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Intel Corporation in a research note on Friday, July 14th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “hold” rating and issued a $39.00 price objective on shares of Intel Corporation in a research note on Monday, July 31st. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $43.00.
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In other news, Chairman Andy D. Bryant sold 89,087 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $44.80, for a total transaction of $3,991,097.60. Following the completion of the sale, the chairman now owns 428,789 shares of the company’s stock, valued at $19,209,747.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Stacy J. Smith sold 472,337 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $44.23, for a total value of $20,891,465.51. Following the sale, the insider now directly owns 265,298 shares of the company’s stock, valued at approximately $11,734,130.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 659,036 shares of company stock valued at $28,872,880. Insiders own 0.08% of the company’s stock.
Intel Corporation Profile
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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