Ifrah Financial Services Inc. boosted its position in Intel Corp. (NASDAQ:INTC) by 106.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,051 shares of the chip maker’s stock after buying an additional 8,809 shares during the period. Ifrah Financial Services Inc.’s holdings in Intel Corp. were worth $559,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Carnick & Kubik LLC bought a new stake in Intel Corp. during the first quarter valued at approximately $100,000. Proficio Capital Partners LLC boosted its stake in Intel Corp. by 143.0% in the second quarter. Proficio Capital Partners LLC now owns 3,395 shares of the chip maker’s stock worth $118,000 after buying an additional 1,998 shares during the period. Financial Management Professionals Inc. boosted its stake in Intel Corp. by 18.7% in the second quarter. Financial Management Professionals Inc. now owns 3,960 shares of the chip maker’s stock worth $129,000 after buying an additional 625 shares during the period. Parasol Investment Management LLC boosted its stake in Intel Corp. by 34.3% in the second quarter. Parasol Investment Management LLC now owns 3,990 shares of the chip maker’s stock worth $131,000 after buying an additional 1,020 shares during the period. Finally, American National Bank boosted its stake in Intel Corp. by 103.2% in the second quarter. American National Bank now owns 4,459 shares of the chip maker’s stock worth $146,000 after buying an additional 2,265 shares during the period. 64.77% of the stock is owned by hedge funds and other institutional investors.
Shares of Intel Corp. (NASDAQ:INTC) traded up 0.08% during trading on Friday, hitting $38.10. The stock had a trading volume of 16,942,539 shares. Intel Corp. has a 12-month low of $27.68 and a 12-month high of $38.31. The firm has a 50 day moving average price of $36.55 and a 200 day moving average price of $33.47. The firm has a market cap of $180.25 billion, a P/E ratio of 18.48 and a beta of 1.09.
Intel Corp. (NASDAQ:INTC) last released its 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 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 the consensus estimate of $13.54 billion. During the same period in the prior year, the firm earned $0.55 EPS. The firm’s revenue was up 2.6% on a year-over-year basis. On average, equities analysts expect that Intel Corp. will post $2.58 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s payout ratio is 50.24%.
A number of equities research analysts recently weighed in on INTC shares. Zacks Investment Research upgraded Intel Corp. from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Tuesday, June 21st. Argus restated a “buy” rating and issued a $41.00 price target on shares of Intel Corp. in a research note on Wednesday, June 29th. Vetr upgraded Intel Corp. from a “hold” rating to a “buy” rating and set a $32.02 price target on the stock in a research note on Tuesday, June 28th. Canaccord Genuity increased their price target on Intel Corp. from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, July 18th. Finally, Brean Capital increased their price target on Intel Corp. from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, July 18th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Intel Corp. presently has an average rating of “Buy” and an average target price of $39.59.
In related news, Chairman Andy D. Bryant sold 445,095 shares of the company’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $34.69, for a total value of $15,440,345.55. Following the transaction, the chairman now directly owns 399,557 shares of the company’s stock, valued at approximately $13,860,632.33. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Brian M. Krzanich sold 67,508 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $37.71, for a total value of $2,545,726.68. Following the completion of the transaction, the chief executive officer now directly owns 420,506 shares in the company, valued at $15,857,281.26. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.
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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