Koss Olinger Consulting LLC grew its position in Intel Co. (NASDAQ:INTC) by 5.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,197 shares of the chip maker’s stock after acquiring an additional 2,364 shares during the period. Koss Olinger Consulting LLC’s holdings in Intel were worth $2,481,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Capital International Investors increased its holdings in shares of Intel by 6.7% in the first quarter. Capital International Investors now owns 99,828,667 shares of the chip maker’s stock valued at $6,388,865,000 after purchasing an additional 6,279,519 shares in the last quarter. Baupost Group LLC MA increased its holdings in shares of Intel by 28.2% in the first quarter. Baupost Group LLC MA now owns 23,305,334 shares of the chip maker’s stock valued at $1,491,541,000 after purchasing an additional 5,119,765 shares in the last quarter. Amundi Asset Management US Inc. increased its holdings in shares of Intel by 55.9% in the first quarter. Amundi Asset Management US Inc. now owns 12,317,475 shares of the chip maker’s stock valued at $788,325,000 after purchasing an additional 4,415,095 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Intel by 741.2% in the first quarter. Neuberger Berman Group LLC now owns 3,591,100 shares of the chip maker’s stock valued at $228,785,000 after purchasing an additional 3,164,204 shares in the last quarter. Finally, Matrix Capital Management Company LP acquired a new stake in shares of Intel in the first quarter valued at approximately $193,408,000. Institutional investors own 62.24% of the company’s stock.
A number of analysts recently weighed in on INTC shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Intel in a report on Wednesday, September 8th. They issued a “hold” rating and a $58.00 price target for the company. Robert W. Baird reaffirmed a “buy” rating and set a $85.00 target price on shares of Intel in a report on Friday, July 16th. Truist lowered their target price on shares of Intel from $69.00 to $60.00 and set a “hold” rating for the company in a report on Friday, July 23rd. The Goldman Sachs Group set a $54.31 target price on shares of Intel in a report on Tuesday, July 27th. Finally, Northland Securities initiated coverage on shares of Intel in a report on Monday, July 19th. They set a “sell” rating and a $42.00 target price for the company. Eleven research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $60.65.
Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 22nd. The chip maker reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.22. Intel had a net margin of 23.91% and a return on equity of 27.24%. The business had revenue of $18.50 billion for the quarter, compared to analyst estimates of $17.80 billion. During the same quarter in the prior year, the business earned $1.23 EPS. Intel’s quarterly revenue was up 1.6% on a year-over-year basis. Equities research analysts forecast that Intel Co. will post 4.79 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 1st. Investors of record on Sunday, November 7th will be paid a $0.3475 dividend. The ex-dividend date of this dividend is Thursday, November 4th. This represents a $1.39 dividend on an annualized basis and a yield of 2.61%. Intel’s dividend payout ratio (DPR) is currently 26.23%.
Intel Company Profile
Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.
Further Reading: Forex
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