Monroe Bank & Trust MI Buys 2,914 Shares of Intel Co. (INTC)

Monroe Bank & Trust MI increased its stake in Intel Co. (NASDAQ:INTC) by 11.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 27,961 shares of the chip maker’s stock after acquiring an additional 2,914 shares during the period. Monroe Bank & Trust MI’s holdings in Intel were worth $1,014,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC boosted its position in shares of Intel by 4,951.1% during the second quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock valued at $690,156,000 after buying an additional 20,050,088 shares during the period. Capital Research Global Investors boosted its position in shares of Intel by 9.1% during the second quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after buying an additional 10,744,753 shares during the period. Capital World Investors boosted its holdings in shares of Intel by 5.5% in the second quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after purchasing an additional 10,257,260 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Intel by 2.5% in the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after purchasing an additional 8,087,302 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Intel by 40.8% in the second quarter. Parametric Portfolio Associates LLC now owns 13,907,294 shares of the chip maker’s stock valued at $469,232,000 after purchasing an additional 4,029,462 shares during the period. Institutional investors own 67.43% of the company’s stock.

A number of analysts recently issued reports on the company. KeyCorp reiterated a “buy” rating and issued a $50.00 price target on shares of Intel in a report on Friday, October 27th. Needham & Company LLC reiterated a “buy” rating and issued a $43.00 price target on shares of Intel in a report on Friday, October 27th. Deutsche Bank reiterated a “buy” rating and issued a $45.00 price target on shares of Intel in a report on Friday, October 27th. Morningstar set a $41.00 price target on Intel and gave the company a “neutral” rating in a report on Friday, January 26th. Finally, Morgan Stanley boosted their price target on Intel from $39.00 to $43.00 and gave the company a “neutral” rating in a report 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 assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $49.10.

Intel Co. (INTC) opened at $42.75 on Friday. The company has a market cap of $211,536.00, a P/E ratio of 13.03, a P/E/G ratio of 1.53 and a beta of 1.07. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36. Intel Co. has a 12 month low of $33.23 and a 12 month high of $50.85.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, February 6th. This is an increase from Intel’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.81%. Intel’s dividend payout ratio is presently 60.61%.

In other news, insider Venkata S. M. Renduchintala sold 17,946 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $49.07, for a total transaction of $880,610.22. Following the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at $75,371.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 889,878 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total value of $39,323,708.82. 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. Insiders own 0.08% of the company’s stock.

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Intel 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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