QV Investors Inc. Buys 102,500 Shares of Intel Co. (INTC)

QV Investors Inc. raised its stake in Intel Co. (NASDAQ:INTC) by 24.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 522,783 shares of the chip maker’s stock after acquiring an additional 102,500 shares during the period. Intel makes up 3.7% of QV Investors Inc.’s portfolio, making the stock its 12th biggest position. QV Investors Inc.’s holdings in Intel were worth $24,534,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INTC. Tortoise Investment Management LLC boosted its position in shares of Intel by 86.7% during the third quarter. Tortoise Investment Management LLC now owns 1,249 shares of the chip maker’s stock valued at $59,000 after buying an additional 580 shares during the last quarter. Mackey Komara & Dankovich LLC purchased a new stake in shares of Intel during the fourth quarter valued at $84,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Intel by 375.2% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,533 shares of the chip maker’s stock valued at $120,000 after buying an additional 2,000 shares during the last quarter. Fusion Family Wealth LLC boosted its position in shares of Intel by 118.2% during the fourth quarter. Fusion Family Wealth LLC now owns 2,575 shares of the chip maker’s stock valued at $121,000 after buying an additional 1,395 shares during the last quarter. Finally, Ironwood Financial llc boosted its position in shares of Intel by 429.0% during the third quarter. Ironwood Financial llc now owns 2,645 shares of the chip maker’s stock valued at $125,000 after buying an additional 2,145 shares during the last quarter. 64.69% of the stock is currently owned by hedge funds and other institutional investors.

INTC has been the topic of a number of recent research reports. Credit Suisse Group reissued a “buy” rating and issued a $58.00 target price on shares of Intel in a report on Tuesday, January 22nd. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Monday, January 21st. Citigroup increased their target price on Intel from $50.00 to $54.00 and gave the company a “buy” rating in a report on Friday, January 11th. Bank of America raised Intel from a “neutral” rating to a “buy” rating and set a $45.65 target price on the stock in a report on Friday, January 4th. Finally, BidaskClub raised Intel from a “hold” rating to a “buy” rating in a report on Tuesday, December 25th. Six research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Intel currently has an average rating of “Hold” and a consensus price target of $55.10.

In related news, VP Kevin Thomas Mcbride sold 518 shares of Intel stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $51.33, for a total transaction of $26,588.94. Following the sale, the vice president now owns 8,274 shares of the company’s stock, valued at approximately $424,704.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Navin Shenoy sold 1,518 shares of Intel stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $46.11, for a total value of $69,994.98. Following the sale, the executive vice president now directly owns 52,419 shares in the company, valued at approximately $2,417,040.09. The disclosure for this sale can be found here. Insiders have sold a total of 65,431 shares of company stock worth $3,500,497 in the last three months. 0.03% of the stock is owned by corporate insiders.

NASDAQ INTC opened at $56.71 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.30 and a current ratio of 1.73. Intel Co. has a 52 week low of $42.36 and a 52 week high of $57.60. The stock has a market capitalization of $263.30 billion, a PE ratio of 12.38, a P/E/G ratio of 1.48 and a beta of 0.79.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 24th. The chip maker reported $1.28 EPS for the quarter, topping the consensus estimate of $1.22 by $0.06. The firm had revenue of $18.66 billion for the quarter, compared to the consensus estimate of $19.02 billion. Intel had a return on equity of 30.08% and a net margin of 29.72%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.08 earnings per share. On average, equities analysts predict that Intel Co. will post 4.51 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be paid a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s dividend payout ratio (DPR) is presently 27.51%.

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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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