Intel Co. (INTC) Shares Bought by American Century Companies Inc.
American Century Companies Inc. raised its position in Intel Co. (NASDAQ:INTC) by 2.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,952,179 shares of the chip maker’s stock after buying an additional 211,180 shares during the period. American Century Companies Inc. owned about 0.17% of Intel worth $395,303,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. Midwest Professional Planners LTD. lifted its holdings in Intel by 10.7% in the first quarter. Midwest Professional Planners LTD. now owns 10,028 shares of the chip maker’s stock valued at $522,000 after acquiring an additional 966 shares during the last quarter. Kingfisher Capital LLC lifted its holdings in Intel by 9.6% in the first quarter. Kingfisher Capital LLC now owns 11,090 shares of the chip maker’s stock valued at $578,000 after acquiring an additional 967 shares during the last quarter. Fiduciary Group LLC lifted its holdings in Intel by 2.9% in the first quarter. Fiduciary Group LLC now owns 34,165 shares of the chip maker’s stock valued at $1,779,000 after acquiring an additional 969 shares during the last quarter. WealthTrust Fairport LLC lifted its holdings in Intel by 2.9% in the first quarter. WealthTrust Fairport LLC now owns 34,782 shares of the chip maker’s stock valued at $1,811,000 after acquiring an additional 971 shares during the last quarter. Finally, Schnieders Capital Management LLC lifted its holdings in Intel by 0.8% in the first quarter. Schnieders Capital Management LLC now owns 116,518 shares of the chip maker’s stock valued at $6,069,000 after acquiring an additional 972 shares during the last quarter. Institutional investors own 65.30% of the company’s stock.
In other news, EVP Steven Ralph Rodgers sold 2,235 shares of the company’s stock in a transaction on Friday, October 26th. The stock was sold at an average price of $45.66, for a total transaction of $102,050.10. Following the sale, the executive vice president now owns 30,324 shares of the company’s stock, valued at $1,384,593.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kevin Thomas Mcbride sold 6,500 shares of the company’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $45.53, for a total value of $295,945.00. Following the sale, the vice president now directly owns 14,271 shares in the company, valued at approximately $649,758.63. The disclosure for this sale can be found here. Insiders have sold 8,747 shares of company stock worth $398,552 in the last ninety days. Corporate insiders own 0.03% of the company’s stock.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 25th. The chip maker reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.25. The company had revenue of $19.16 billion for the quarter, compared to analyst estimates of $18.11 billion. Intel had a return on equity of 29.64% and a net margin of 21.91%. Analysts predict that Intel Co. will post 4.53 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Wednesday, November 7th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Tuesday, November 6th. Intel’s dividend payout ratio is currently 34.68%.
A number of research firms recently commented on INTC. Cowen decreased their price objective on Intel from $54.00 to $52.00 and set a “market perform” rating on the stock in a report on Friday, July 27th. Wells Fargo & Co decreased their price objective on Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, September 10th. Macquarie reiterated a “buy” rating and issued a $60.00 price objective on shares of Intel in a report on Monday, September 10th. Barclays cut Intel from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $62.00 to $53.00 in a report on Monday, August 6th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $68.00 price objective on shares of Intel in a report on Thursday, August 9th. Six research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-two have given a buy rating to the company. Intel currently has a consensus rating of “Hold” and an average target price of $55.27.
Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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