Carlson Capital Management acquired a new position in Intel Co. (NASDAQ:INTC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,870 shares of the chip maker’s stock, valued at approximately $225,000.
A number of other hedge funds also recently bought and sold shares of the stock. Janus Henderson Group PLC raised its position in shares of Intel by 4,951.1% during the 2nd quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock valued at $690,156,000 after acquiring an additional 20,050,088 shares during the last quarter. Capital Research Global Investors raised its position in shares of Intel by 9.1% during the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after acquiring an additional 10,744,753 shares during the last quarter. Capital World Investors raised its position in shares of Intel by 5.5% during the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after acquiring an additional 10,257,260 shares during the last quarter. Capital International Investors bought a new stake in shares of Intel during the 3rd quarter valued at $339,563,000. Finally, Vanguard Group Inc. raised its position in shares of Intel by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after acquiring an additional 8,087,302 shares during the last quarter. Hedge funds and other institutional investors own 68.24% of the company’s stock.
Intel Co. (NASDAQ INTC) opened at $52.19 on Friday. Intel Co. has a one year low of $33.23 and a one year high of $52.30. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.69. The company has a market cap of $250,580.00, a PE ratio of 16.67, a PEG ratio of 1.74 and a beta of 1.01.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.30%. This is a boost from Intel’s previous quarterly dividend of $0.27. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio is presently 38.34%.
Several analysts have commented on INTC shares. BidaskClub upgraded shares of Intel from a “buy” rating to a “strong-buy” rating in a research report on Friday. Bank of America upped their price objective on shares of Intel from $52.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday. ValuEngine cut shares of Intel from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Vetr cut shares of Intel from a “buy” rating to a “hold” rating and set a $51.46 price objective for the company. in a research report on Tuesday. Finally, Nomura upped their price objective on shares of Intel from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $49.96.
In other news, CEO Brian M. Krzanich sold 5,873 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total value of $267,691.34. Following the sale, the chief executive officer now directly owns 259,082 shares of the company’s stock, valued at approximately $11,808,957.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Venkata S. M. Renduchintala sold 17,946 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $49.07, for a total transaction of $880,610.22. Following the completion of the sale, the insider now directly owns 1,536 shares in the company, valued at $75,371.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 123,914 shares of company stock worth $6,011,490. 0.08% of the stock is owned by insiders.
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Intel Company Profile
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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