Rockland Trust Co. lifted its stake in shares of Intel Co. (NASDAQ:INTC) by 30.1% during the fourth quarter, HoldingsChannel reports. The firm owned 17,012 shares of the chip maker’s stock after acquiring an additional 3,934 shares during the period. Rockland Trust Co.’s holdings in Intel were worth $785,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. First Personal Financial Services boosted its position in shares of Intel by 92.6% during the 2nd quarter. First Personal Financial Services now owns 80,523 shares of the chip maker’s stock worth $2,717,000 after purchasing an additional 38,717 shares in the last quarter. Oaktop Capital Management II L.P. acquired a new stake in shares of Intel in the 2nd quarter worth about $1,114,000. Swiss National Bank raised its holdings in shares of Intel by 2.9% in the 2nd quarter. Swiss National Bank now owns 17,274,702 shares of the chip maker’s stock worth $582,848,000 after acquiring an additional 483,200 shares during the last quarter. Ballentine Partners LLC raised its holdings in shares of Intel by 121.2% in the 2nd quarter. Ballentine Partners LLC now owns 63,281 shares of the chip maker’s stock worth $2,196,000 after acquiring an additional 34,677 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Intel in the 2nd quarter worth about $1,407,000. 69.22% of the stock is currently owned by institutional investors.
Intel Co. (INTC) opened at $51.78 on Wednesday. The company has a market cap of $241,710.00, a P/E ratio of 16.54, a P/E/G ratio of 1.77 and a beta of 1.01. Intel Co. has a fifty-two week low of $33.23 and a fifty-two week high of $53.78. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Wednesday, February 7th were issued a $0.30 dividend. The ex-dividend date was Tuesday, February 6th. This is an increase from Intel’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 2.32%. Intel’s dividend payout ratio (DPR) is 38.34%.
In related news, VP Kevin Thomas Mcbride sold 686 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $46.56, for a total value of $31,940.16. Following the completion of the transaction, the vice president now directly owns 6,472 shares of the company’s stock, valued at approximately $301,336.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Venkata S. M. Renduchintala sold 1,502 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $44.58, for a total transaction of $66,959.16. Following the completion of the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at $68,474.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 123,914 shares of company stock valued at $6,011,490. 0.08% of the stock is owned by insiders.
INTC has been the topic of a number of analyst reports. Canaccord Genuity upped their target price on shares of Intel from $41.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, November 17th. JPMorgan Chase & Co. set a $53.00 target price on shares of Intel and gave the stock a “buy” rating in a report on Thursday, January 4th. Oppenheimer restated a “hold” rating on shares of Intel in a report on Thursday, January 4th. BidaskClub upgraded shares of Intel from a “buy” rating to a “strong-buy” rating in a report on Friday, March 9th. Finally, Stifel Nicolaus upped their target price on shares of Intel from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. Intel currently has an average rating of “Buy” and an average target price of $50.04.
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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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