Sawtooth Solutions LLC purchased a new stake in Intel Co. (NASDAQ:INTC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,231 shares of the chip maker’s stock, valued at approximately $807,000.
Other hedge funds have also added to or reduced their stakes in the company. Quad Cities Investment Group LLC acquired a new position in shares of Intel in the 2nd quarter valued at $107,000. Elmwood Wealth Management Inc. acquired a new position in shares of Intel in the 1st quarter valued at $110,000. Financial Gravity Wealth Inc. acquired a new position in shares of Intel in the 1st quarter valued at $120,000. WP Advisors LLC acquired a new position in shares of Intel in the 2nd quarter valued at $137,000. Finally, Well Done LLC acquired a new position in shares of Intel in the 1st quarter valued at $156,000. Institutional investors and hedge funds own 64.81% of the company’s stock.
A number of equities analysts have weighed in on INTC shares. DZ Bank upgraded shares of Intel from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. UBS Group upgraded shares of Intel from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Morningstar set a $65.00 price target on shares of Intel and gave the company a “buy” rating in a report on Thursday, August 9th. Macquarie reiterated a “buy” rating and issued a $60.00 price target on shares of Intel in a report on Thursday, August 9th. Finally, Wells Fargo & Co reissued a “buy” rating and issued a $58.00 target price on shares of Intel in a research note on Thursday, August 9th. Six analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. Intel presently has a consensus rating of “Hold” and an average price target of $55.56.
Intel stock opened at $46.54 on Monday. Intel Co. has a 12-month low of $42.04 and a 12-month high of $57.60. The firm has a market cap of $217.73 billion, a P/E ratio of 13.45, a PEG ratio of 1.22 and a beta of 0.88. The company has a current ratio of 1.51, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35.
Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 25th. The chip maker reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.25. Intel had a net margin of 21.91% and a return on equity of 29.64%. The firm had revenue of $19.16 billion for the quarter, compared to the consensus estimate of $18.11 billion. On average, equities analysts expect that Intel Co. will post 4.53 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Wednesday, November 7th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Tuesday, November 6th. Intel’s dividend payout ratio (DPR) is 34.68%.
Intel announced that its board has authorized a stock buyback program on Thursday, November 15th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the chip maker to reacquire up to 6.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
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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