Sustainable Insight Capital Management LLC Buys 165,767 Shares of Intel Co. (INTC)
Sustainable Insight Capital Management LLC grew its stake in shares of Intel Co. (NASDAQ:INTC) by 3,603.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 170,367 shares of the chip maker’s stock after acquiring an additional 165,767 shares during the period. Intel accounts for approximately 3.2% of Sustainable Insight Capital Management LLC’s portfolio, making the stock its 11th largest holding. Sustainable Insight Capital Management LLC’s holdings in Intel were worth $8,469,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of INTC. Midwest Professional Planners LTD. increased its holdings in shares of Intel by 10.7% in the first quarter. Midwest Professional Planners LTD. now owns 10,028 shares of the chip maker’s stock worth $522,000 after purchasing an additional 966 shares during the period. Kingfisher Capital LLC increased its holdings in shares of Intel by 9.6% in the first quarter. Kingfisher Capital LLC now owns 11,090 shares of the chip maker’s stock worth $578,000 after purchasing an additional 967 shares during the period. Fiduciary Group LLC increased its holdings in shares of Intel by 2.9% in the first quarter. Fiduciary Group LLC now owns 34,165 shares of the chip maker’s stock worth $1,779,000 after purchasing an additional 969 shares during the period. WealthTrust Fairport LLC increased its holdings in shares of Intel by 2.9% in the first quarter. WealthTrust Fairport LLC now owns 34,782 shares of the chip maker’s stock worth $1,811,000 after purchasing an additional 971 shares during the period. Finally, Wells Trecaso Financial Group LLC increased its holdings in shares of Intel by 22.0% in the second quarter. Wells Trecaso Financial Group LLC now owns 5,552 shares of the chip maker’s stock worth $276,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 64.42% of the company’s stock.
NASDAQ INTC opened at $47.75 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.51 and a debt-to-equity ratio of 0.35. Intel Co. has a 12-month low of $42.04 and a 12-month high of $57.60. The stock has a market cap of $230.69 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 1.31 and a beta of 0.91.
The firm also recently declared a quarterly dividend, which was paid on Saturday, December 1st. Shareholders of record on Wednesday, November 7th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, November 6th. This represents a $1.20 annualized dividend and a yield of 2.51%. Intel’s payout ratio is 34.68%.
Intel announced that its board has authorized a share buyback program on Thursday, November 15th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the chip maker to purchase up to 6.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.
Several research analysts have recently weighed in on the stock. BNP Paribas set a $53.00 price target on shares of Intel and gave the stock a “neutral” rating in a report on Tuesday. Northland Securities cut shares of Intel from a “market perform” rating to an “under perform” rating in a report on Tuesday. ValuEngine raised Intel from a “sell” rating to a “hold” rating in a research note on Saturday. DZ Bank cut Intel from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a research note on Thursday, November 29th. Finally, UBS Group cut Intel from a “buy” rating to a “hold” rating in a research note on Thursday, November 29th. Six equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty have assigned a buy rating to the company. Intel has an average rating of “Hold” and a consensus target price of $55.45.
In other news, EVP Steven Ralph Rodgers sold 2,235 shares of the stock in a transaction dated Friday, October 26th. The shares were sold at an average price of $45.66, for a total transaction of $102,050.10. Following the completion of the sale, the executive vice president now directly owns 30,324 shares in the company, valued at $1,384,593.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Kevin Thomas Mcbride sold 6,500 shares of the stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $45.53, for a total transaction of $295,945.00. Following the sale, the vice president now owns 14,271 shares of the company’s stock, valued at $649,758.63. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,257 shares of company stock valued at $624,095. Company insiders own 0.03% of the company’s stock.
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Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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