According to its latest Form 13F filing, the company increased the value of the stock by 26.9% during the fourth quarter. After selling 144.012 shares, the firm now owns 392,067 of the stock of the chipmaker. Commerce Bank's Intel holdings were valued at $10,362,000 as of the latest quarter.
Recent changes in positions by other institutional investors has also occurred. Cantor Fitzgerald Investment Advisor L.P increased its holdings of Intel by 173.6% during the first quarter. Cantor Fitzgerald Investment Advisor L.P owns 539.976 shares worth $26,761,000 of the chipmaker's stock after buying an additional 342,649 in the last quarter. Axiom Finance Strategies LLC increased its Intel holdings by 21.6% during the first quarter. Axiom financial strategies LLC owns 5,944 of the chipmaker's stock, worth $260,000. This is after buying an additional 1,056 in the previous quarter. Fairfield Bush & CO. purchased a new Intel position worth $142,000 in the first quarter. Retirement Income Solutions Inc increased its holdings of Intel by 5.1% during the first quarter. Retirement Income Solutions Inc owns 6,338 of the chipmaker's shares worth $314,000, after buying 307 additional shares in the previous quarter. Mirae Asset Global Investments Co. Ltd. increased its Intel holdings by 26.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. owns 5,863,459 of the chipmaker's stock, worth $290 593,000. This is after buying an additional 1,244,247 in the last quarter. In a transaction on May 1, 2008, 8,200 shares were purchased. Stock was purchased at a price of $30.41 on average per share for a transaction totaling $249,362.00. The chief executive now owns directly 138,265 company shares valued at $4204,638.65. Patrick P. Gelsinger, the CEO of Intel, acquired 8,200 shares in a deal that took place on Monday, 1st May. The stock was purchased at an average of $30.41 per piece, for a transaction totaling $249,362.00. The chief executive now owns directly 138,265 company shares valued at $4204,638.65. On Thursday, 23rd February, 9,700 shares were purchased. Stock was bought at a price of $25.68 on average per share with a value of $249.096.00. After the completion of this acquisition, the CEO now owns directly 18,700 shares valued at $480,216. Insiders own 0.04%.
Wall Street analysts weigh in
Recently, several brokerages have weighed in about INTC. JPMorgan Chase & Co. published a report Thursday, March 30, setting a price target of $28.00 for Intel. Goldman Sachs Group, in a report published on Friday 27th January, set a price target of $24.00 for Intel. BMO Capital Markets raised their price target on Intel in a report published on Friday, April 28, from $28.00 up to $32.00. Sanford C. Bernstein upgraded Intel's rating from 'underperform to a market perform' and raised their price target for the stock to $30 in a Monday, April 3, report. Benchmark upgraded Intel's rating from a "hold" to a "buy", and set a price target of $39.00 for the company, in a report published on Friday, April 28, 2010. Eight analysts have given the stock a sell recommendation, while 19 have issued hold ratings and six have given the company a buy recommendation. MarketBeat.com data shows that the stock currently has a consensus of 'Hold,' with an average price of $31.52.
Intel Stock Performance
The stock opened Friday at $29.93. The market cap is $124.84 billion. It has a P/E of -44.01, a G/P/E of 14.86, and a beta value of 0.88. The company's debt-to equity ratio is 0.49. Its quick ratio is 1.29, and its current ratio is 1.76. The company's 50-day moving price is $30.43, and its 200 day moving price is $28.93. Intel Co.'s 52-week low is $24.59, and its 52-week high is $44.93.
The last time ) released its results was on Thursday, 27th April. The chipmaker reported ($0.04) per share earnings for the quarter. This beat the consensus estimate ($0.16) of $0.12 by $0.12. Revenue for the quarter was $11.72 billion, which is higher than the $11.13 billion consensus estimate. Intel's return on equity was positive at 3.06%, but its net margin was negative at 5.06%. Revenue for the quarter fell 36.2% from the same period last year. In the same quarter last year, the company had $0.87 in earnings per share. Analysts on the sell-side predict that Intel Co. is expected to post 0.41 earnings for this year.
Intel Reduces Dividend
A quarterly dividend was also announced by the firm, and will be paid out on June 1st. Investors who are in the books as of Sunday, May 7th can expect a $0.125 dividend per share. On an annualized base, this represents a dividend of $0.50 and a yield 1.67%. This dividend will be payable on Thursday, May 4. Intel's current payout ratio is -73.53%.
Intel Company Profile
Intel Corp. is a company that designs, manufactures, and sells computer products and technology. It provides computer, networking and data storage platforms. The company operates in the following segments: Client Computing (CCG), Data Center and AI, Network and Edge (NEX), Mobileye (AXG), Intel Foundry Services IFS), and All Other.
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