Intel Corporation (INTC) Shares Bought by WINTON GROUP Ltd
WINTON GROUP Ltd raised its stake in Intel Corporation (NASDAQ:INTC) by 87.0% during the first quarter, Holdings Channel reports. The firm owned 1,856,380 shares of the chip maker’s stock after buying an additional 863,659 shares during the period. Intel Corporation comprises 1.2% of WINTON GROUP Ltd’s investment portfolio, making the stock its 8th largest position. WINTON GROUP Ltd’s holdings in Intel Corporation were worth $70,078,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of INTC. Norges Bank acquired a new stake in shares of Intel Corporation during the fourth quarter valued at approximately $1,684,790,000. Fisher Asset Management LLC boosted its stake in shares of Intel Corporation by 1.0% in the first quarter. Fisher Asset Management LLC now owns 20,167,657 shares of the chip maker’s stock valued at $727,447,000 after buying an additional 207,118 shares during the period. AQR Capital Management LLC boosted its stake in shares of Intel Corporation by 0.3% in the fourth quarter. AQR Capital Management LLC now owns 12,245,831 shares of the chip maker’s stock valued at $444,156,000 after buying an additional 32,040 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Intel Corporation by 4.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,735,473 shares of the chip maker’s stock valued at $389,376,000 after buying an additional 417,669 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of Intel Corporation by 0.8% in the first quarter. Russell Investments Group Ltd. now owns 9,075,156 shares of the chip maker’s stock valued at $327,403,000 after buying an additional 68,534 shares during the period. 67.50% of the stock is owned by institutional investors and hedge funds.
Shares of Intel Corporation (NASDAQ INTC) traded down 0.66% on Wednesday, reaching $36.17. 2,679,007 shares of the company were exchanged. The stock has a market capitalization of $169.96 billion, a PE ratio of 13.81 and a beta of 1.01. The firm has a 50 day moving average price of $34.64 and a 200-day moving average price of $35.74. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $38.45.
Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. The firm had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.59 EPS. On average, analysts predict that Intel Corporation will post $3.01 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be issued a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Thursday, August 3rd. Intel Corporation’s payout ratio is 41.76%.
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INTC has been the subject of several recent analyst reports. Zacks Investment Research cut Intel Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Stifel Nicolaus reissued a “buy” rating and set a $39.00 price objective on shares of Intel Corporation in a research report on Friday, July 14th. Bank of America Corporation cut Intel Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $42.00 to $38.00 in a research report on Wednesday, June 21st. Credit Suisse Group reissued a “neutral” rating and set a $35.00 price objective on shares of Intel Corporation in a research report on Tuesday, July 4th. Finally, Raymond James Financial, Inc. reissued an “underperform” rating on shares of Intel Corporation in a research report on Friday, July 14th. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $40.55.
In other news, insider Venkata S. M. Renduchintala sold 13,996 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $35.47, for a total value of $496,438.12. Following the transaction, the insider now owns 1,536 shares of the company’s stock, valued at approximately $54,481.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert Holmes Swan purchased 13,888 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was bought at an average cost of $36.31 per share, for a total transaction of $504,273.28. Following the acquisition, the chief financial officer now directly owns 8,774 shares in the company, valued at $318,583.94. The disclosure for this purchase can be found here. Insiders sold a total of 90,497 shares of company stock worth $3,078,329 in the last three months. Insiders own 0.09% of the company’s stock.
Intel Corporation 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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