Lansdowne Partners UK LLP Acquires New Stake in Intel Co. (INTC)

Lansdowne Partners UK LLP acquired a new stake in shares of Intel Co. (NASDAQ:INTC) in the second quarter, HoldingsChannel reports. The fund acquired 49,080 shares of the chip maker’s stock, valued at approximately $2,440,000.

Several other large investors also recently made changes to their positions in INTC. Charles Schwab Investment Advisory Inc. acquired a new stake in shares of Intel during the 2nd quarter valued at $204,242,000. Platinum Investment Management Ltd. lifted its holdings in shares of Intel by 192.0% in the first quarter. Platinum Investment Management Ltd. now owns 4,712,431 shares of the chip maker’s stock valued at $245,423,000 after purchasing an additional 3,098,600 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Intel by 232.8% in the first quarter. Millennium Management LLC now owns 1,750,545 shares of the chip maker’s stock valued at $91,168,000 after purchasing an additional 3,069,040 shares in the last quarter. FIL Ltd lifted its holdings in shares of Intel by 71.2% in the first quarter. FIL Ltd now owns 6,385,865 shares of the chip maker’s stock valued at $332,575,000 after purchasing an additional 2,655,452 shares in the last quarter. Finally, Cantillon Capital Management LLC purchased a new stake in shares of Intel in the second quarter valued at $121,797,000. Institutional investors own 64.42% of the company’s stock.

NASDAQ INTC opened at $48.37 on Friday. Intel Co. has a 1-year low of $42.04 and a 1-year high of $57.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.51. The firm has a market capitalization of $223.39 billion, a PE ratio of 10.88, a P/E/G ratio of 1.25 and a beta of 0.91.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 25th. The chip maker reported $1.40 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $19.16 billion for the quarter, compared to the consensus estimate of $18.11 billion. On average, sell-side analysts predict that Intel Co. will post 4.53 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Saturday, December 1st. Stockholders of record on Wednesday, November 7th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Tuesday, November 6th. Intel’s dividend payout ratio (DPR) is presently 34.68%.

Intel declared that its board has approved a stock buyback program on Thursday, November 15th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the chip maker to repurchase up to 6.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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

In other Intel news, VP Kevin Thomas Mcbride sold 6,500 shares of the stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $45.53, for a total transaction of $295,945.00. Following the transaction, the vice president now directly owns 14,271 shares of the company’s stock, valued at $649,758.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Navin Shenoy sold 4,522 shares of the stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $50.00, for a total transaction of $226,100.00. The disclosure for this sale can be found here. Insiders have sold 13,257 shares of company stock worth $624,095 over the last three months. Company insiders own 0.03% of the company’s stock.

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Intel 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.

See Also: Systematic Risk

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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