Morningstar Investment Services LLC decreased its stake in shares of Intel Corp. (NASDAQ:INTC) by 5.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 94,568 shares of the chip maker’s stock after selling 5,085 shares during the period. Morningstar Investment Services LLC’s holdings in Intel Corp. were worth $3,097,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Carnick & Kubik LLC acquired a new position in shares of Intel Corp. during the first quarter valued at about $100,000. Proficio Capital Partners LLC boosted its position in shares of Intel Corp. by 143.0% in the second quarter. Proficio Capital Partners LLC now owns 3,395 shares of the chip maker’s stock valued at $118,000 after buying an additional 1,998 shares during the last quarter. Financial Management Professionals Inc. boosted its position in shares of Intel Corp. by 18.7% in the second quarter. Financial Management Professionals Inc. now owns 3,960 shares of the chip maker’s stock valued at $129,000 after buying an additional 625 shares during the last quarter. Parasol Investment Management LLC boosted its position in shares of Intel Corp. by 34.3% in the second quarter. Parasol Investment Management LLC now owns 3,990 shares of the chip maker’s stock valued at $131,000 after buying an additional 1,020 shares during the last quarter. Finally, American National Bank boosted its position in shares of Intel Corp. by 103.2% in the second quarter. American National Bank now owns 4,459 shares of the chip maker’s stock valued at $146,000 after buying an additional 2,265 shares during the last quarter. 64.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Intel Corp. (NASDAQ:INTC) traded down 0.093% on Thursday, hitting $37.405. The company had a trading volume of 11,713,748 shares. The company has a 50 day moving average price of $35.97 and a 200 day moving average price of $33.19. Intel Corp. has a 1-year low of $27.68 and a 1-year high of $38.05. The firm has a market capitalization of $176.96 billion, a price-to-earnings ratio of 18.140 and a beta of 0.93.
Intel Corp. (NASDAQ:INTC) last issued its quarterly earnings results on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The firm had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.54 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities analysts forecast that Intel Corp. will post $2.58 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.78%. Intel Corp.’s dividend payout ratio is presently 50.24%.
Several brokerages have commented on INTC. B. Riley reiterated a “buy” rating and issued a $45.00 target price (up from $42.00) on shares of Intel Corp. in a report on Friday, September 16th. Citigroup Inc. raised their target price on shares of Intel Corp. from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Monday, September 19th. BMO Capital Markets reiterated a “hold” rating and issued a $34.00 target price on shares of Intel Corp. in a report on Monday, September 19th. Stifel Nicolaus set a $39.00 target price on shares of Intel Corp. and gave the stock a “buy” rating in a report on Monday, September 19th. Finally, Robert W. Baird raised their target price on shares of Intel Corp. from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, September 19th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $39.26.
In related news, VP Gregory R. Pearson sold 250,192 shares of the business’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $36.50, for a total transaction of $9,132,008.00. Following the sale, the vice president now directly owns 92,826 shares in the company, valued at approximately $3,388,149. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 71,413 shares of the business’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $32.73, for a total value of $2,337,347.49. Following the sale, the chief executive officer now owns 435,796 shares in the company, valued at $14,263,603.08. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.
Intel Corp. Company Profile
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.
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