Intel Co. (NASDAQ:INTC) Shares Bought by AGF Investments LLC

AGF Investments LLC raised its holdings in shares of Intel Co. (NASDAQ:INTCGet Rating) by 391.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,075 shares of the chip maker’s stock after acquiring an additional 18,382 shares during the quarter. AGF Investments LLC’s holdings in Intel were worth $1,144,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its stake in Intel by 2.1% in the fourth quarter. BlackRock Inc. now owns 331,347,190 shares of the chip maker’s stock valued at $17,064,379,000 after purchasing an additional 6,936,922 shares during the last quarter. State Street Corp grew its position in shares of Intel by 3.7% in the 4th quarter. State Street Corp now owns 177,117,083 shares of the chip maker’s stock valued at $9,121,530,000 after buying an additional 6,279,484 shares during the last quarter. Geode Capital Management LLC raised its stake in 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. Norges Bank purchased a new stake in Intel in the fourth quarter valued at $2,080,248,000. Finally, Primecap Management Co. CA boosted its stake in Intel by 9.5% in the fourth quarter. Primecap Management Co. CA now owns 39,401,295 shares of the chip maker’s stock valued at $2,029,167,000 after acquiring an additional 3,405,750 shares in the last quarter. Hedge funds and other institutional investors own 62.74% of the company’s stock.

Analyst Ratings Changes

INTC has been the topic of a number of research analyst reports. Wedbush cut their target price on Intel from $44.00 to $35.00 in a research report on Friday, July 29th. Bank of America cut their price target on Intel from $47.00 to $39.00 and set an “underperform” rating on the stock in a research report on Wednesday, June 29th. Credit Suisse Group set a $45.00 price objective on Intel in a report on Monday, August 1st. Rosenblatt Securities cut their target price on shares of Intel from $40.00 to $30.00 and set a “sell” rating on the stock in a report on Friday, July 29th. Finally, Northland Securities decreased their price target on shares of Intel from $62.00 to $55.00 in a research note on Friday, July 29th. Nine analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $43.83.

Intel Price Performance

Shares of NASDAQ:INTC traded down $0.76 on Wednesday, reaching $35.43. 646,549 shares of the company were exchanged, compared to its average volume of 47,205,512. The company has a 50-day moving average of $37.65 and a 200-day moving average of $43.36. The company has a current ratio of 1.86, a quick ratio of 1.41 and a debt-to-equity ratio of 0.32. The firm has a market cap of $145.48 billion, a price-to-earnings ratio of 7.61, a price-to-earnings-growth ratio of 2.14 and a beta of 0.62. Intel Co. has a 1-year low of $34.40 and a 1-year high of $56.28.

Intel (NASDAQ:INTCGet Rating) last issued its earnings results on Thursday, July 28th. The chip maker reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.41). Intel had a return on equity of 16.65% and a net margin of 26.03%. The company had revenue of $15.30 billion for the quarter, compared to analyst estimates of $17.93 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. The company’s quarterly revenue was down 17.3% compared to the same quarter last year. Equities analysts forecast that Intel Co. will post 2.26 earnings per share for the current fiscal year.

Intel Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Sunday, August 7th will be issued a dividend of $0.365 per share. The ex-dividend date of this dividend is Friday, August 5th. This represents a $1.46 annualized dividend and a yield of 4.12%. Intel’s dividend payout ratio is presently 31.26%.

Intel Company 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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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