TD Asset Management Inc lifted its stake in shares of Intel Co. (NASDAQ:INTC – Free Report) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,885,129 shares of the chip maker’s stock after buying an additional 6,339 shares during the quarter. TD Asset Management Inc’s holdings in Intel were worth $63,039,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of INTC. Bank Julius Baer & Co. Ltd Zurich grew its position in Intel by 98,521.3% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 178,121,843 shares of the chip maker’s stock valued at $5,956,394,000 after purchasing an additional 177,941,231 shares during the period. Moneta Group Investment Advisors LLC boosted its holdings in Intel by 100,953.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 51,133,863 shares of the chip maker’s stock worth $1,351,468,000 after acquiring an additional 51,083,262 shares during the last quarter. Norges Bank purchased a new position in Intel during the 4th quarter worth $1,092,939,000. Parnassus Investments LLC purchased a new position in Intel during the 2nd quarter worth $626,573,000. Finally, Clearbridge Investments LLC boosted its holdings in Intel by 4,407.3% during the 1st quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker’s stock worth $814,727,000 after acquiring an additional 16,074,485 shares during the last quarter. Institutional investors and hedge funds own 60.84% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have issued reports on INTC. UBS Group lifted their price objective on shares of Intel from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, July 28th. BMO Capital Markets lifted their target price on Intel from $32.00 to $36.00 and gave the stock a “market perform” rating in a research note on Friday, July 28th. Northland Securities lifted their target price on Intel from $45.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 4th. HSBC upgraded Intel from a “reduce” rating to a “hold” rating and lifted their target price for the stock from $27.00 to $33.00 in a research note on Friday, October 27th. Finally, Wells Fargo & Company lowered their target price on Intel from $40.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Friday, July 28th. Four analysts have rated the stock with a sell rating, twenty-two have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $35.09.
Insider Transactions at Intel
In other Intel news, CEO Patrick P. Gelsinger acquired 6,775 shares of Intel stock in a transaction that occurred on Wednesday, November 1st. The stock was bought at an average cost of $36.80 per share, for a total transaction of $249,320.00. Following the acquisition, the chief executive officer now owns 25,475 shares of the company’s stock, valued at $937,480. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.04% of the company’s stock.
Intel Stock Performance
INTC opened at $39.41 on Wednesday. The stock has a fifty day simple moving average of $36.42 and a two-hundred day simple moving average of $34.11. The company has a current ratio of 1.53, a quick ratio of 1.13 and a debt-to-equity ratio of 0.44. Intel Co. has a 12-month low of $24.73 and a 12-month high of $40.07.
Intel (NASDAQ:INTC – Get Free Report) last posted its quarterly earnings data on Thursday, October 26th. The chip maker reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.20. The business had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $13.57 billion. Intel had a positive return on equity of 0.49% and a negative net margin of 3.11%. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 earnings per share. Equities research analysts expect that Intel Co. will post 0.19 EPS for the current fiscal year.
Intel Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be paid a $0.125 dividend. The ex-dividend date is Monday, November 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.27%. Intel’s dividend payout ratio is currently -125.00%.
Intel Corporation designs, develops, manufactures, markets, and sells computing and related products worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, Accelerated Computing Systems and Graphics, Intel Foundry Services, and Other segments. The company offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and accelerators, boards and systems, connectivity products, and memory and storage products.
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