Amundi Pioneer Asset Management Inc. grew its stake in Intel Co. (NASDAQ:INTC) by 7.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,902,380 shares of the chip maker’s stock after acquiring an additional 545,522 shares during the period. Amundi Pioneer Asset Management Inc.’s holdings in Intel were worth $393,716,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Violich Capital Management Inc. increased its stake in shares of Intel by 4.1% in the 4th quarter. Violich Capital Management Inc. now owns 180,000 shares of the chip maker’s stock valued at $8,968,000 after acquiring an additional 7,130 shares during the last quarter. Greenleaf Trust increased its stake in Intel by 1.1% during the 4th quarter. Greenleaf Trust now owns 99,249 shares of the chip maker’s stock worth $4,945,000 after purchasing an additional 1,051 shares in the last quarter. Bouvel Investment Partners LLC bought a new stake in Intel during the 4th quarter worth approximately $1,958,000. M. Kulyk & Associates LLC bought a new stake in Intel during the 4th quarter worth approximately $3,104,000. Finally, Marshall Financial Group LLC bought a new stake in Intel during the 4th quarter worth approximately $1,002,000. 63.25% of the stock is owned by institutional investors.
In other news, CEO Robert Holmes Swan purchased 27,244 shares of the business’s stock in a transaction dated Monday, January 25th. The shares were purchased at an average cost of $55.57 per share, with a total value of $1,513,949.08. Following the completion of the purchase, the chief executive officer now owns 330,774 shares of the company’s stock, valued at approximately $18,381,111.18. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO George S. Davis purchased 9,095 shares of the business’s stock in a transaction dated Tuesday, January 26th. The shares were purchased at an average cost of $55.34 per share, for a total transaction of $503,317.30. Following the completion of the purchase, the chief financial officer now directly owns 71,223 shares of the company’s stock, valued at approximately $3,941,480.82. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.
INTC has been the subject of a number of research reports. Royal Bank of Canada increased their target price on Intel from $40.00 to $47.00 and gave the stock a “sell” rating in a research note on Friday, January 22nd. Sanford C. Bernstein set a $43.00 price target on shares of Intel and gave the stock a “sell” rating in a research note on Wednesday, March 24th. Bank of America reaffirmed a “sell” rating and set a $62.00 price target on shares of Intel in a research note on Tuesday, March 30th. Loop Capital raised their price target on shares of Intel from $50.00 to $55.00 and gave the stock a “sell” rating in a research note on Tuesday, March 30th. Finally, KeyCorp raised their price target on shares of Intel from $82.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, January 22nd. Eleven analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $63.64.
Shares of NASDAQ INTC opened at $66.25 on Thursday. Intel Co. has a 52 week low of $43.61 and a 52 week high of $67.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.24 and a current ratio of 1.66. The stock’s fifty day moving average is $62.88 and its 200 day moving average is $54.07. The stock has a market capitalization of $269.79 billion, a P/E ratio of 12.99, a PEG ratio of 1.63 and a beta of 0.74.
Intel (NASDAQ:INTC) last released its earnings results on Wednesday, January 20th. The chip maker reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.42. Intel had a return on equity of 29.44% and a net margin of 28.10%. The firm had revenue of $19.98 billion for the quarter, compared to analysts’ expectations of $17.47 billion. During the same quarter in the previous year, the business posted $1.52 earnings per share. Equities research analysts forecast that Intel Co. will post 4.89 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 1st. Shareholders of record on Friday, May 7th will be given a $0.3475 dividend. This represents a $1.39 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, May 6th. Intel’s dividend payout ratio is presently 28.54%.
Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.
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