Segall Bryant & Hamill LLC grew its position in Intel Co. (NASDAQ:INTC) by 4.2% during the third quarter, Holdings Channel reports. The firm owned 169,938 shares of the chip maker’s stock after buying an additional 6,873 shares during the period. Segall Bryant & Hamill LLC’s holdings in Intel were worth $6,471,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Intel by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after acquiring an additional 8,087,302 shares during the period. Capital World Investors lifted its position in shares of Intel by 5.5% during the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after acquiring an additional 10,257,260 shares during the period. Capital Research Global Investors lifted its position in shares of Intel by 9.1% during the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after acquiring an additional 10,744,753 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Intel by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 50,998,381 shares of the chip maker’s stock valued at $1,941,934,000 after acquiring an additional 397,082 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of Intel by 2.0% during the 3rd quarter. Legal & General Group Plc now owns 26,011,028 shares of the chip maker’s stock valued at $990,439,000 after acquiring an additional 502,225 shares during the period. 67.74% of the stock is currently owned by institutional investors.
INTC has been the topic of a number of research reports. Barclays reiterated a “buy” rating and set a $55.00 target price on shares of Intel in a research report on Monday, November 13th. Goldman Sachs Group set a $43.00 target price on shares of Intel and gave the company a “neutral” rating in a research report on Tuesday, December 12th. BidaskClub downgraded shares of Intel from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 27th. Instinet boosted their target price on shares of Intel to $50.00 and gave the company a “buy” rating in a research report on Tuesday, December 5th. Finally, Sanford C. Bernstein set a $34.00 target price on shares of Intel and gave the company a “sell” rating in a research report on Wednesday, January 3rd. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $49.31.
Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.22. Intel had a net margin of 15.30% and a return on equity of 24.33%. The firm had revenue of $17.05 billion during the quarter, compared to analyst estimates of $16.34 billion. During the same quarter in the prior year, the business posted $0.79 EPS. The business’s revenue was up 4.1% compared to the same quarter last year. research analysts expect that Intel Co. will post 3.51 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be paid a $0.30 dividend. This is a positive change from Intel’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.20 annualized dividend and a dividend yield of 2.51%. Intel’s dividend payout ratio is presently 38.34%.
In related news, CEO Brian M. Krzanich sold 5,873 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total transaction of $267,691.34. Following the completion of the transaction, the chief executive officer now owns 259,082 shares in the company, valued at $11,808,957.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Kevin Thomas Mcbride sold 686 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $46.56, for a total transaction of $31,940.16. Following the transaction, the vice president now owns 6,472 shares of the company’s stock, valued at approximately $301,336.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 930,369 shares of company stock valued at $41,275,001. Company insiders own 0.08% of the company’s stock.
Intel Company Profile
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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