Sowa Financial Group Inc. purchased a new stake in shares of Intel Co. (NASDAQ:INTC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,500 shares of the chip maker’s stock, valued at approximately $210,000.
Several other institutional investors and hedge funds also recently made changes to their positions in INTC. Norges Bank acquired a new position in shares of Intel during the fourth quarter valued at about $2,966,694,000. Johanson Financial Advisors Inc. raised its position in shares of Intel by 5,885.6% during the fourth quarter. Johanson Financial Advisors Inc. now owns 6,161,195 shares of the chip maker’s stock valued at $102,941,000 after buying an additional 6,058,262 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Intel by 2,208.0% during the fourth quarter. Renaissance Technologies LLC now owns 4,181,894 shares of the chip maker’s stock valued at $250,286,000 after buying an additional 4,000,700 shares during the last quarter. FIL Ltd raised its position in shares of Intel by 43.3% during the fourth quarter. FIL Ltd now owns 10,308,613 shares of the chip maker’s stock valued at $616,970,000 after buying an additional 3,115,025 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Intel by 21.5% during the fourth quarter. Janus Henderson Group PLC now owns 13,285,512 shares of the chip maker’s stock valued at $795,117,000 after buying an additional 2,354,754 shares during the last quarter. 66.61% of the stock is owned by institutional investors and hedge funds.
In other news, Director Alyssa Henry purchased 15,400 shares of Intel stock in a transaction dated Monday, February 3rd. The shares were bought at an average cost of $67.34 per share, with a total value of $1,037,036.00. Also, Director Frank D. Yeary sold 12,545 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $60.35, for a total transaction of $757,090.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,243 shares of company stock worth $2,214,260. Insiders own 0.02% of the company’s stock.
Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 23rd. The chip maker reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.27. The firm had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $19.23 billion. Intel had a net margin of 29.25% and a return on equity of 29.01%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the firm earned $1.28 earnings per share. As a group, equities analysts forecast that Intel Co. will post 4.89 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 7th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, May 6th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.44%. Intel’s dividend payout ratio is 27.10%.
Several research analysts recently issued reports on INTC shares. Morgan Stanley dropped their price target on shares of Intel from $69.00 to $61.00 and set an “overweight” rating for the company in a research report on Wednesday, March 18th. Exane BNP Paribas raised shares of Intel from a “neutral” rating to an “outperform” rating and set a price target for the company in a research report on Tuesday, March 24th. Vertical Research started coverage on shares of Intel in a research report on Tuesday, March 24th. They issued a “buy” rating for the company. Roth Capital increased their price target on shares of Intel from $60.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, Zacks Investment Research raised shares of Intel from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research report on Monday, January 27th. Six analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $64.50.
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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