Syquant Capital Sas Takes Position in Intel Co. (NASDAQ:INTC)

Syquant Capital Sas purchased a new stake in shares of Intel Co. (NASDAQ:INTC) during the first quarter, Holdings Channel reports. The institutional investor purchased 3,600 shares of the chip maker’s stock, valued at approximately $230,000.

Several other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in Intel in the fourth quarter valued at about $2,141,057,000. Bank of New York Mellon Corp lifted its position in shares of Intel by 2.8% during the 4th quarter. Bank of New York Mellon Corp now owns 42,844,665 shares of the chip maker’s stock worth $2,134,524,000 after purchasing an additional 1,177,026 shares during the last quarter. Primecap Management Co. CA lifted its position in shares of Intel by 28.1% during the 4th quarter. Primecap Management Co. CA now owns 32,574,166 shares of the chip maker’s stock worth $1,622,845,000 after purchasing an additional 7,151,405 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Intel by 3.2% in the 4th quarter. Fisher Asset Management LLC now owns 29,200,534 shares of the chip maker’s stock valued at $1,454,771,000 after acquiring an additional 897,790 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in Intel by 24.1% in the 4th quarter. UBS Asset Management Americas Inc. now owns 23,927,959 shares of the chip maker’s stock valued at $1,192,091,000 after acquiring an additional 4,649,880 shares in the last quarter. Institutional investors and hedge funds own 63.25% of the company’s stock.

In other Intel news, CEO Robert Holmes Swan bought 27,244 shares of the firm’s stock in a transaction that occurred on Monday, January 25th. The shares were bought at an average price of $55.57 per share, for a total transaction of $1,513,949.08. Following the transaction, the chief executive officer now directly owns 330,774 shares in the company, valued at $18,381,111.18. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO George S. Davis bought 9,095 shares of the firm’s stock in a transaction that occurred on Tuesday, January 26th. The stock was acquired at an average price of $55.34 per share, for a total transaction of $503,317.30. Following the transaction, the chief financial officer now owns 71,223 shares in the company, valued at $3,941,480.82. The disclosure for this purchase can be found here. 0.04% of the stock is owned by corporate insiders.

A number of research firms recently commented on INTC. Barclays increased their price target on Intel from $50.00 to $53.00 and gave the stock an “underweight” rating in a research report on Friday, January 22nd. Wedbush increased their price objective on Intel from $48.00 to $53.00 and gave the company an “underperform” rating in a research report on Friday, January 22nd. JPMorgan Chase & Co. set a $80.00 price objective on Intel and gave the company a “buy” rating in a research report on Wednesday, April 7th. BMO Capital Markets increased their price objective on Intel from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, January 22nd. Finally, Morgan Stanley increased their price objective on Intel from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, January 22nd. Twelve research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. Intel has a consensus rating of “Hold” and a consensus price target of $63.64.

INTC stock traded down $0.45 during trading on Thursday, reaching $63.25. The stock had a trading volume of 490,598 shares, compared to its average volume of 34,896,004. Intel Co. has a one year low of $43.61 and a one year high of $68.49. The company’s 50 day moving average is $63.93 and its two-hundred day moving average is $55.13. The company has a market capitalization of $257.58 billion, a price-to-earnings ratio of 12.49, a P/E/G ratio of 1.63 and a beta of 0.74. The company has a quick ratio of 1.24, a current ratio of 1.66 and a debt-to-equity ratio of 0.48.

Intel (NASDAQ:INTC) last released its earnings results on Wednesday, January 20th. The chip maker reported $1.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.42. Intel had a net margin of 28.10% and a return on equity of 29.44%. The firm had revenue of $19.98 billion during the quarter, compared to the consensus estimate of $17.47 billion. During the same period in the prior year, the firm earned $1.52 EPS. As a group, research analysts predict that Intel Co. will post 4.89 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 1st. Stockholders of record on Friday, May 7th will be given a dividend of $0.3475 per share. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Thursday, May 6th. Intel’s dividend payout ratio is currently 28.54%.

Intel Company Profile

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.

Read More: Hold Rating

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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