Letko Brosseau & Associates Inc. lowered its position in shares of Intel Corp. (NASDAQ:INTC) by 1.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,785,804 shares of the chip maker’s stock after selling 43,075 shares during the period. Letko Brosseau & Associates Inc. owned about 0.08% of Intel Corp. worth $124,174,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Emerald Acquisition Ltd. purchased a new stake in shares of Intel Corp. during the second quarter worth $295,226,000. Institutional Capital LLC raised its position in Intel Corp. by 360.2% in the first quarter. Institutional Capital LLC now owns 10,182,033 shares of the chip maker’s stock valued at $329,388,000 after buying an additional 7,969,512 shares during the last quarter. NN Investment Partners Holdings N.V. bought a new position in Intel Corp. during the first quarter valued at approximately $132,302,000. Natixis raised its position in Intel Corp. by 1,486.7% in the first quarter. Natixis now owns 3,005,998 shares of the chip maker’s stock valued at $97,244,000 after buying an additional 2,816,554 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Intel Corp. by 5.8% in the first quarter. Geode Capital Management LLC now owns 44,204,897 shares of the chip maker’s stock valued at $1,427,513,000 after buying an additional 2,414,858 shares during the last quarter. Institutional investors own 64.77% of the company’s stock.
Intel Corp. (NASDAQ:INTC) traded up 1.434% on Friday, hitting $37.855. 14,182,086 shares of the stock traded hands. The stock has a 50-day moving average price of $36.05 and a 200 day moving average price of $33.22. Intel Corp. has a 12-month low of $27.68 and a 12-month high of $38.05. The stock has a market cap of $179.09 billion, a P/E ratio of 18.358 and a beta of 0.93.
Intel Corp. (NASDAQ:INTC) last announced its quarterly earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.06. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The firm earned $13.50 billion during the quarter, compared to the consensus estimate of $13.54 billion. During the same period last year, the firm posted $0.55 EPS. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities analysts expect that Intel Corp. will post $2.58 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s dividend payout ratio is currently 50.24%.
INTC has been the subject of several recent research reports. B. Riley reissued a “buy” rating and issued a $42.00 price target on shares of Intel Corp. in a research report on Wednesday, August 17th. Robert W. Baird boosted their price target on Intel Corp. from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, September 19th. Brean Capital reissued a “buy” rating and issued a $40.00 price target (up from $38.00) on shares of Intel Corp. in a research report on Thursday, September 22nd. Zacks Investment Research raised Intel Corp. from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Monday. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $35.00 price target on shares of Intel Corp. in a research report on Wednesday, August 17th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $39.26.
In related news, VP Gregory R. Pearson sold 1,506 shares of Intel Corp. stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $34.46, for a total transaction of $51,896.76. Following the completion of the transaction, the vice president now directly owns 84,505 shares of the company’s stock, valued at approximately $2,912,042.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stacy J. Smith sold 29,497 shares of Intel Corp. stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $34.47, for a total transaction of $1,016,761.59. Following the transaction, the chief financial officer now directly owns 263,772 shares of the company’s stock, valued at $9,092,220.84. The disclosure for this sale can be found here. Corporate 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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