Ieq Capital LLC lifted its holdings in shares of Intel Co. (NASDAQ:INTC) by 25.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,366 shares of the chip maker’s stock after purchasing an additional 16,249 shares during the quarter. Ieq Capital LLC’s holdings in Intel were worth $4,349,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Intel in the 4th quarter worth $2,966,694,000. BlackRock Inc. raised its position in shares of Intel by 2.9% in the 1st quarter. BlackRock Inc. now owns 311,391,281 shares of the chip maker’s stock worth $16,852,495,000 after buying an additional 8,659,315 shares during the period. Renaissance Technologies LLC raised its position in shares of Intel by 2,208.0% in the 4th quarter. Renaissance Technologies LLC now owns 4,181,894 shares of the chip maker’s stock worth $250,286,000 after buying an additional 4,000,700 shares during the period. FIL Ltd raised its position in shares of Intel by 43.3% in the 4th quarter. FIL Ltd now owns 10,308,613 shares of the chip maker’s stock worth $616,970,000 after buying an additional 3,115,025 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Intel by 7.1% in the 1st quarter. Bank of New York Mellon Corp now owns 40,788,450 shares of the chip maker’s stock worth $2,207,470,000 after buying an additional 2,709,735 shares during the period. Institutional investors and hedge funds own 66.56% of the company’s stock.

In related news, EVP Navin Shenoy sold 10,935 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $52.81, for a total transaction of $577,477.35. Following the sale, the executive vice president now owns 74,844 shares of the company’s stock, valued at $3,952,511.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Andy D. Bryant sold 9,991 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $57.38, for a total value of $573,283.58. Following the sale, the director now directly owns 425,595 shares in the company, valued at approximately $24,420,641.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 118,470 shares of company stock valued at $7,005,231. Insiders own 0.04% of the company’s stock.

Several research analysts have commented on INTC shares. FIX raised their price objective on Intel from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Bank of America reissued a “buy” rating and issued a $75.00 price objective (up from $70.00) on shares of Intel in a research report on Friday, January 24th. UBS Group raised their price objective on Intel from $60.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Tigress Financial reissued a “buy” rating on shares of Intel in a research report on Tuesday, January 28th. Finally, Northland Securities dropped their target price on Intel from $70.00 to $60.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 31st. Six investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-one have given a buy rating to the stock. Intel has an average rating of “Hold” and a consensus target price of $64.97.

Shares of NASDAQ INTC traded down $0.80 during midday trading on Friday, hitting $58.28. 21,373,268 shares of the company’s stock were exchanged, compared to its average volume of 29,405,209. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.74 and a quick ratio of 1.35. The stock’s 50 day moving average price is $57.65 and its 200-day moving average price is $58.65. The firm has a market cap of $252.64 billion, a P/E ratio of 11.29, a PEG ratio of 1.65 and a beta of 0.82. Intel Co. has a twelve month low of $42.86 and a twelve month high of $69.29.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 23rd. The chip maker reported $1.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.17. The business had revenue of $19.83 billion during the quarter, compared to the consensus estimate of $18.65 billion. Intel had a return on equity of 31.64% and a net margin of 30.02%. The business’s revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 earnings per share. On average, analysts expect that Intel Co. will post 4.82 EPS for the current fiscal year.

The firm also recently disclosed 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 of this dividend is Wednesday, May 6th. This represents a $1.32 annualized dividend and a dividend yield of 2.26%. Intel’s dividend payout ratio is presently 27.10%.

Intel Profile

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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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