Marshall Wace LLP Sells 8,826 Shares of Intel Co. (INTC)

Marshall Wace LLP lowered its stake in Intel Co. (NASDAQ:INTC) by 2.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 291,366 shares of the chip maker’s stock after selling 8,826 shares during the period. Marshall Wace LLP’s holdings in Intel were worth $13,779,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Accuvest Global Advisors boosted its stake in Intel by 6,551.7% during the 2nd quarter. Accuvest Global Advisors now owns 7,716 shares of the chip maker’s stock valued at $384,000 after purchasing an additional 7,600 shares during the last quarter. Todd Asset Management LLC boosted its stake in Intel by 34.9% during the 2nd quarter. Todd Asset Management LLC now owns 1,078,609 shares of the chip maker’s stock valued at $53,617,000 after purchasing an additional 278,764 shares during the last quarter. 10 15 Associates Inc. boosted its stake in Intel by 2.7% during the 2nd quarter. 10 15 Associates Inc. now owns 270,054 shares of the chip maker’s stock valued at $13,424,000 after purchasing an additional 7,155 shares during the last quarter. Swiss National Bank boosted its stake in Intel by 3.1% during the 2nd quarter. Swiss National Bank now owns 15,473,602 shares of the chip maker’s stock valued at $769,193,000 after purchasing an additional 458,600 shares during the last quarter. Finally, Chemical Bank boosted its stake in Intel by 0.6% during the 2nd quarter. Chemical Bank now owns 238,162 shares of the chip maker’s stock valued at $11,839,000 after purchasing an additional 1,386 shares during the last quarter. Institutional investors own 63.78% of the company’s stock.

Shares of Intel stock opened at $54.33 on Monday. Intel Co. has a one year low of $42.36 and a one year high of $57.60. The firm has a market capitalization of $254.17 billion, a P/E ratio of 11.86, a P/E/G ratio of 1.41 and a beta of 0.79. The company has a current ratio of 1.73, a quick ratio of 1.30 and a debt-to-equity ratio of 0.34.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 24th. The chip maker reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.06. Intel had a return on equity of 30.08% and a net margin of 29.72%. The company had revenue of $18.66 billion for the quarter, compared to analysts’ expectations of $19.02 billion. During the same period last year, the firm earned $1.08 EPS. Intel’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, analysts forecast that Intel Co. will post 4.5 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be issued a $0.315 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $1.26 dividend on an annualized basis and a yield of 2.32%. Intel’s dividend payout ratio is currently 27.51%.

INTC has been the topic of several recent analyst reports. Bank of America upgraded Intel from a “neutral” rating to a “buy” rating and set a $45.65 target price on the stock in a research note on Friday, January 4th. Macquarie set a $58.00 price target on Intel and gave the stock a “buy” rating in a research note on Monday, November 19th. MKM Partners restated a “buy” rating on shares of Intel in a research note on Monday, December 17th. BidaskClub upgraded Intel from a “hold” rating to a “buy” rating in a research note on Tuesday, December 25th. Finally, Citigroup restated a “buy” rating and issued a $54.00 price target (up from $50.00) on shares of Intel in a research note on Friday, January 11th. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $54.33.

In other Intel news, EVP Navin Shenoy sold 1,518 shares of the firm’s stock in a transaction dated Monday, January 28th. The stock was sold at an average price of $46.11, for a total transaction of $69,994.98. Following the sale, the executive vice president now directly owns 52,419 shares of the company’s stock, valued at $2,417,040.09. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Andy D. Bryant sold 11,734 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $53.03, for a total value of $622,254.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,262 shares of company stock worth $2,061,469. 0.03% of the stock is owned by insiders.

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Intel Profile

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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