D.A. Davidson & CO. Has $27.89 Million Position in Intel Co. (INTC)

D.A. Davidson & CO. increased its stake in shares of Intel Co. (NASDAQ:INTC) by 2.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 732,520 shares of the chip maker’s stock after purchasing an additional 15,630 shares during the quarter. D.A. Davidson & CO.’s holdings in Intel were worth $27,894,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of INTC. Janus Henderson Group PLC lifted its stake 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 worth $690,156,000 after purchasing an additional 20,050,088 shares during the last quarter. Capital Research Global Investors lifted its stake 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 worth $4,338,344,000 after purchasing an additional 10,744,753 shares during the last quarter. Capital World Investors lifted its stake 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 worth $6,672,097,000 after purchasing an additional 10,257,260 shares during the last quarter. Vanguard Group Inc. lifted its stake 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 worth $11,252,292,000 after purchasing an additional 8,087,302 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Intel by 40.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 13,907,294 shares of the chip maker’s stock worth $469,232,000 after purchasing an additional 4,029,462 shares during the last quarter. Hedge funds and other institutional investors own 67.43% of the company’s stock.

A number of research firms have commented on INTC. UBS Group set a $51.00 price target on Intel and gave the company a “buy” rating in a research note on Monday, January 29th. MKM Partners increased their price target on Intel to $55.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Vetr cut Intel from a “buy” rating to a “sell” rating and set a $47.74 price target for the company. in a research note on Monday, January 29th. Citigroup began coverage on Intel in a research note on Tuesday, January 30th. They issued a “buy” rating and a $58.00 price target for the company. Finally, Nomura reiterated a “buy” rating and issued a $50.00 price target on shares of Intel in a research note on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty-one have issued a buy rating to the company. Intel has a consensus rating of “Buy” and an average price target of $49.10.

In related news, CEO Brian M. Krzanich sold 889,878 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total transaction of $39,323,708.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Navin Shenoy sold 1,311 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $47.12, for a total value of $61,774.32. Following the sale, the executive vice president now directly owns 20,427 shares in the company, valued at $962,520.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 931,253 shares of company stock worth $41,320,793. 0.08% of the stock is owned by corporate insiders.

Intel Co. (NASDAQ:INTC) opened at $45.20 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $210,178.80, a PE ratio of 22.83, a PEG ratio of 1.52 and a beta of 1.07. Intel Co. has a 1-year low of $33.23 and a 1-year high of $50.85.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping the consensus estimate of $0.86 by $0.22. The firm had revenue of $17.05 billion for the quarter, compared to analyst estimates of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. Intel’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the company earned $0.79 earnings per share. sell-side analysts anticipate that Intel Co. will post 3.51 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.65%. This is a positive change from Intel’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is 60.61%.

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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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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