Dakota Wealth Management increased its position in Intel Co. (NASDAQ:INTC) by 13.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,239 shares of the chip maker’s stock after acquiring an additional 1,783 shares during the period. Dakota Wealth Management’s holdings in Intel were worth $717,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of INTC. Prudential Financial Inc. grew its holdings in shares of Intel by 29.2% in the third quarter. Prudential Financial Inc. now owns 13,125,175 shares of the chip maker’s stock worth $620,690,000 after acquiring an additional 2,968,410 shares during the period. Vanguard Group Inc grew its holdings in shares of Intel by 0.8% in the third quarter. Vanguard Group Inc now owns 358,346,977 shares of the chip maker’s stock worth $16,946,229,000 after acquiring an additional 2,892,357 shares during the period. Vanguard Group Inc. grew its holdings in shares of Intel by 0.8% in the third quarter. Vanguard Group Inc. now owns 358,346,977 shares of the chip maker’s stock worth $16,946,229,000 after acquiring an additional 2,892,357 shares during the period. American Century Companies Inc. grew its holdings in shares of Intel by 23.1% in the third quarter. American Century Companies Inc. now owns 9,788,445 shares of the chip maker’s stock worth $462,896,000 after acquiring an additional 1,836,266 shares during the period. Finally, Cantillon Capital Management LLC grew its holdings in shares of Intel by 69.7% in the third quarter. Cantillon Capital Management LLC now owns 4,158,903 shares of the chip maker’s stock worth $196,674,000 after acquiring an additional 1,708,761 shares during the period. 64.69% of the stock is owned by institutional investors.
NASDAQ INTC opened at $56.28 on Tuesday. The stock has a market capitalization of $263.27 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 1.47 and a beta of 0.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.73 and a quick ratio of 1.30. Intel Co. has a twelve month low of $42.36 and a twelve month high of $57.60.
The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be given a $0.315 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.24%. Intel’s dividend payout ratio is currently 27.51%.
Several analysts have issued reports on the company. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Wednesday, March 27th. Sanford C. Bernstein reissued a “sell” rating and set a $42.00 price target on shares of Intel in a report on Wednesday, April 3rd. Evercore ISI cut their price target on Intel from $54.00 to $50.00 and set a “positive” rating for the company in a report on Monday, January 14th. Nomura assumed coverage on Intel in a report on Tuesday, April 2nd. They set a “buy” rating and a $65.00 price target for the company. Finally, Wells Fargo & Co lowered Intel from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $55.00 to $60.00 in a report on Friday, April 5th. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $55.10.
In related news, EVP Navin Shenoy sold 8,551 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $54.33, for a total value of $464,575.83. Following the sale, the executive vice president now directly owns 67,388 shares in the company, valued at $3,661,190.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Steven Ralph Rodgers sold 25,170 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $55.00, for a total value of $1,384,350.00. Following the completion of the sale, the executive vice president now owns 48,140 shares in the company, valued at $2,647,700. The disclosure for this sale can be found here. Insiders sold 65,431 shares of company stock worth $3,500,497 over the last quarter. 0.03% of the stock is owned by company insiders.
Intel Company Profile
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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