Capital International Sarl Sells 75,030 Shares of Intel Co. (NASDAQ:INTC)

Capital International Sarl lowered its holdings in Intel Co. (NASDAQ:INTCGet Rating) by 38.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,273 shares of the chip maker’s stock after selling 75,030 shares during the period. Capital International Sarl’s holdings in Intel were worth $6,060,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Intel by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 349,634,956 shares of the chip maker’s stock worth $17,327,909,000 after acquiring an additional 5,076,202 shares during the period. BlackRock Inc. grew its position in Intel by 3.0% in the 1st quarter. BlackRock Inc. now owns 341,450,251 shares of the chip maker’s stock valued at $16,922,274,000 after acquiring an additional 10,103,061 shares during the last quarter. State Street Corp raised its holdings in shares of Intel by 1.1% in the 1st quarter. State Street Corp now owns 178,991,617 shares of the chip maker’s stock valued at $8,870,825,000 after purchasing an additional 1,874,534 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Intel by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 78,100,727 shares of the chip maker’s stock worth $4,013,364,000 after acquiring an additional 1,554,610 shares in the last quarter. Finally, Primecap Management Co. CA grew its position in Intel by 9.8% during the 1st quarter. Primecap Management Co. CA now owns 43,253,961 shares of the chip maker’s stock worth $2,143,666,000 after purchasing an additional 3,852,666 shares during the last quarter. Institutional investors own 61.52% of the company’s stock.

Intel Trading Down 0.4 %

Shares of INTC stock opened at $29.18 on Thursday. Intel Co. has a 12-month low of $29.01 and a 12-month high of $56.28. The firm has a market cap of $119.81 billion, a P/E ratio of 6.25, a PEG ratio of 1.86 and a beta of 0.65. The company has a quick ratio of 1.41, a current ratio of 1.86 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $35.55 and a 200-day moving average of $41.27.

Intel (NASDAQ:INTCGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The chip maker reported $0.29 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.41). Intel had a net margin of 26.03% and a return on equity of 16.65%. The firm had revenue of $15.30 billion for the quarter, compared to the consensus estimate of $17.93 billion. During the same quarter last year, the company posted $1.28 earnings per share. Intel’s revenue for the quarter was down 17.3% compared to the same quarter last year. Sell-side analysts anticipate that Intel Co. will post 2.25 earnings per share for the current year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Sunday, August 7th were paid a $0.365 dividend. This represents a $1.46 annualized dividend and a dividend yield of 5.00%. The ex-dividend date was Friday, August 5th. Intel’s dividend payout ratio (DPR) is presently 31.26%.

Analyst Ratings Changes

A number of research firms have weighed in on INTC. StockNews.com cut shares of Intel from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. UBS Group cut their price target on Intel from $51.00 to $41.00 and set a “neutral” rating for the company in a research note on Friday, July 29th. Bank of America lowered their target price on Intel from $47.00 to $39.00 and set an “underperform” rating on the stock in a report on Wednesday, June 29th. Wedbush reduced their target price on Intel from $44.00 to $35.00 in a research report on Friday, July 29th. Finally, Credit Suisse Group set a $45.00 target price on shares of Intel in a research note on Monday, August 1st. Nine research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $42.96.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger bought 14,800 shares of the firm’s stock in a transaction on Wednesday, August 24th. The shares were bought at an average price of $33.86 per share, for a total transaction of $501,128.00. Following the purchase, the chief executive officer now owns 77,216 shares in the company, valued at $2,614,533.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.02% of the company’s stock.

Intel Profile

(Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, 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, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

Featured Stories

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.