Vectors Research Management LLC Grows Stake in Intel Co. (NASDAQ:INTC)

Vectors Research Management LLC increased its stake in shares of Intel Co. (NASDAQ:INTC) by 212.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,655 shares of the chip maker’s stock after purchasing an additional 2,487 shares during the period. Vectors Research Management LLC’s holdings in Intel were worth $172,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Intel by 0.8% during the third quarter. Vanguard Group Inc. now owns 358,346,977 shares of the chip maker’s stock valued at $16,946,229,000 after buying an additional 2,892,357 shares during the last quarter. Vanguard Group Inc increased its holdings in Intel by 0.8% during the third quarter. Vanguard Group Inc now owns 358,346,977 shares of the chip maker’s stock valued at $16,946,229,000 after buying an additional 2,892,357 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Intel by 4,553.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 117,118,039 shares of the chip maker’s stock valued at $2,496,000 after buying an additional 114,601,152 shares during the last quarter. Northern Trust Corp increased its holdings in Intel by 4.3% during the fourth quarter. Northern Trust Corp now owns 62,236,047 shares of the chip maker’s stock valued at $2,920,738,000 after buying an additional 2,571,778 shares during the last quarter. Finally, LSV Asset Management increased its holdings in Intel by 0.7% during the third quarter. LSV Asset Management now owns 25,251,096 shares of the chip maker’s stock valued at $1,194,124,000 after buying an additional 186,641 shares during the last quarter. 66.03% of the stock is owned by hedge funds and other institutional investors.

In other Intel news, insider Venkata S. M. Renduchintala sold 37,989 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $52.19, for a total transaction of $1,982,645.91. Following the completion of the transaction, the insider now owns 76,855 shares in the company, valued at $4,011,062.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Navin Shenoy sold 1,254 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $50.80, for a total transaction of $63,703.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,575 shares of company stock valued at $3,926,436. 0.02% of the stock is owned by company insiders.



Shares of NASDAQ:INTC traded down $0.59 during midday trading on Wednesday, reaching $46.26. 930,715 shares of the company were exchanged, compared to its average volume of 24,672,184. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.54. Intel Co. has a one year low of $42.36 and a one year high of $59.59. The firm has a market cap of $206.08 billion, a price-to-earnings ratio of 10.10, a P/E/G ratio of 1.44 and a beta of 0.84.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, April 25th. The chip maker reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.02. Intel had a net margin of 29.04% and a return on equity of 29.54%. The firm had revenue of $16.10 million during the quarter, compared to analyst estimates of $16.03 billion. During the same quarter in the prior year, the business earned $0.87 earnings per share. Intel’s revenue for the quarter was up .0% on a year-over-year basis. As a group, research analysts predict that Intel Co. will post 4.26 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were given a dividend of $0.315 per share. The ex-dividend date of this dividend was Monday, May 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.72%. Intel’s dividend payout ratio is 27.51%.

A number of analysts have recently issued reports on the stock. Morgan Stanley raised shares of Intel from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $55.00 to $64.00 in a research note on Friday, February 22nd. Goldman Sachs Group reissued a “sell” rating and issued a $45.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. BidaskClub raised shares of Intel from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 22nd. Deutsche Bank increased their price objective on shares of Intel from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Finally, BMO Capital Markets cut shares of Intel from an “outperform” rating to a “market perform” rating and set a $47.99 price objective for the company. in a research note on Thursday, May 9th. Eight research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have issued a buy rating to the stock. Intel presently has an average rating of “Hold” and a consensus price target of $54.17.

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About Intel

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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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