Sensato Investors LLC Buys Shares of 331,800 Intel Co. (INTC)

Sensato Investors LLC bought a new position in Intel Co. (NASDAQ:INTC) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 331,800 shares of the chip maker’s stock, valued at approximately $16,494,000. Intel makes up 2.5% of Sensato Investors LLC’s holdings, making the stock its 21st largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of INTC. Charles Schwab Investment Advisory Inc. purchased a new position in shares of Intel in the 2nd quarter worth $204,242,000. Platinum Investment Management Ltd. raised its position in shares of Intel by 192.0% in the 1st quarter. Platinum Investment Management Ltd. now owns 4,712,431 shares of the chip maker’s stock worth $245,423,000 after buying an additional 3,098,600 shares during the period. Millennium Management LLC raised its position in shares of Intel by 232.8% in the 1st quarter. Millennium Management LLC now owns 1,750,545 shares of the chip maker’s stock worth $91,168,000 after buying an additional 3,069,040 shares during the period. FIL Ltd raised its position in shares of Intel by 71.2% in the 1st quarter. FIL Ltd now owns 6,385,865 shares of the chip maker’s stock worth $332,575,000 after buying an additional 2,655,452 shares during the period. Finally, Cantillon Capital Management LLC purchased a new position in shares of Intel in the 2nd quarter worth $121,797,000. 64.28% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ INTC opened at $47.21 on Tuesday. Intel Co. has a 12-month low of $42.04 and a 12-month high of $57.60. The firm has a market capitalization of $216.33 billion, a P/E ratio of 13.64, a P/E/G ratio of 1.21 and a beta of 0.90. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.51 and a quick ratio of 1.13.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 25th. The chip maker reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.25. The company had revenue of $19.16 billion during the quarter, compared to the consensus estimate of $18.11 billion. Intel had a return on equity of 29.64% and a net margin of 21.91%. On average, analysts forecast that Intel Co. will post 4.53 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, December 1st. Stockholders of record on Wednesday, November 7th were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, November 6th. This represents a $1.20 annualized dividend and a dividend yield of 2.54%. Intel’s dividend payout ratio is presently 34.68%.

Intel announced that its Board of Directors has authorized a stock repurchase plan on Thursday, November 15th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the chip maker to purchase up to 6.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

INTC has been the topic of several research reports. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $68.00 target price on shares of Intel in a research report on Monday, October 1st. MKM Partners cut their target price on Intel to $58.00 and set a “buy” rating on the stock in a research report on Friday, August 24th. BidaskClub lowered Intel from a “sell” rating to a “strong sell” rating in a research report on Friday, September 14th. Raymond James lowered Intel from a “market perform” rating to an “underperform” rating in a research report on Tuesday, September 25th. Finally, Northland Securities raised Intel from an “under perform” rating to a “market perform” rating in a research report on Thursday, September 13th. Six research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nineteen have given a buy rating to the company. Intel has a consensus rating of “Hold” and a consensus target price of $55.60.

In other news, EVP Steven Ralph Rodgers sold 2,235 shares of the firm’s stock in a transaction dated Friday, October 26th. The stock was sold at an average price of $45.66, for a total transaction of $102,050.10. Following the completion of the sale, the executive vice president now directly owns 30,324 shares in the company, valued at $1,384,593.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Navin Shenoy sold 4,522 shares of the firm’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $50.00, for a total value of $226,100.00. The disclosure for this sale can be found here. Insiders have sold 13,257 shares of company stock valued at $624,095 over the last 90 days. Insiders own 0.03% of the company’s stock.

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Intel Company Profile

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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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