Rhumbline Advisers Has $365.73 Million Holdings in Intel Co. (NASDAQ:INTC)

Rhumbline Advisers increased its position in shares of Intel Co. (NASDAQ:INTCGet Rating) by 0.6% during the fourth quarter, Holdings Channel reports. The fund owned 7,101,503 shares of the chip maker’s stock after acquiring an additional 42,309 shares during the quarter. Rhumbline Advisers’ holdings in Intel were worth $365,727,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in INTC. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in shares of Intel by 64.0% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 656 shares of the chip maker’s stock valued at $34,000 after acquiring an additional 256 shares during the period. Shore Point Advisors LLC acquired a new position in Intel in the 4th quarter valued at approximately $42,000. Fortis Advisors LLC acquired a new position in Intel in the 3rd quarter valued at approximately $45,000. Level Financial Advisors Inc. acquired a new position in Intel in the 4th quarter valued at approximately $45,000. Finally, AHL Investment Management Inc. acquired a new position in Intel in the 4th quarter valued at approximately $55,000. Institutional investors and hedge funds own 62.74% of the company’s stock.

NASDAQ INTC traded up $0.76 during midday trading on Friday, hitting $43.60. The company had a trading volume of 32,022,162 shares, compared to its average volume of 36,765,636. The company has a quick ratio of 1.73, a current ratio of 2.13 and a debt-to-equity ratio of 0.32. The stock has a market cap of $178.28 billion, a price-to-earnings ratio of 7.24, a P/E/G ratio of 1.62 and a beta of 0.61. The firm has a fifty day simple moving average of $46.87 and a two-hundred day simple moving average of $49.04. Intel Co. has a fifty-two week low of $42.01 and a fifty-two week high of $58.42.

Intel (NASDAQ:INTCGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The chip maker reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.07. The company had revenue of $18.40 billion for the quarter, compared to analyst estimates of $18.32 billion. Intel had a net margin of 31.68% and a return on equity of 21.67%. The business’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period last year, the business posted $1.39 EPS. As a group, equities analysts predict that Intel Co. will post 3.53 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Saturday, May 7th will be given a $0.365 dividend. The ex-dividend date of this dividend is Thursday, May 5th. This represents a $1.46 annualized dividend and a yield of 3.35%. Intel’s dividend payout ratio is 24.25%.

In other Intel news, CEO Patrick P. Gelsinger bought 5,600 shares of the firm’s stock in a transaction dated Tuesday, February 22nd. The shares were acquired at an average cost of $44.27 per share, for a total transaction of $247,912.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Omar Ishrak bought 11,025 shares of the firm’s stock in a transaction dated Tuesday, February 22nd. The shares were acquired at an average price of $45.11 per share, for a total transaction of $497,337.75. The disclosure for this purchase can be found here. Insiders acquired a total of 22,125 shares of company stock worth $991,265 over the last 90 days. Company insiders own 0.02% of the company’s stock.

Several research analysts have weighed in on INTC shares. Raymond James upgraded shares of Intel from an “underperform” rating to a “market perform” rating in a research note on Wednesday, February 23rd. Sanford C. Bernstein set a $40.00 price objective on shares of Intel in a research note on Friday, April 29th. Zacks Investment Research upgraded shares of Intel from a “sell” rating to a “hold” rating and set a $46.00 price objective on the stock in a research note on Monday, May 2nd. Barclays set a $45.00 price target on shares of Intel in a research note on Friday, April 29th. Finally, UBS Group set a $53.00 price target on shares of Intel in a report on Monday, February 21st. Nine investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $53.82.

About Intel (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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