Train Babcock Advisors LLC held its position in Intel Corp. (NASDAQ:INTC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,460 shares of the chip maker’s stock at the end of the second quarter. Train Babcock Advisors LLC’s holdings in Intel Corp. were worth $507,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the company. Institutional Capital LLC boosted 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. purchased a new position in Intel Corp. during the first quarter valued at $132,302,000. Natixis boosted 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. Geode Capital Management LLC boosted 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. Finally, Primecap Management Co. CA boosted its position in Intel Corp. by 6.0% in the first quarter. Primecap Management Co. CA now owns 31,713,985 shares of the chip maker’s stock valued at $1,025,947,000 after buying an additional 1,808,825 shares during the last quarter. Hedge funds and other institutional investors own 64.77% of the company’s stock.
Intel Corp. (NASDAQ:INTC) traded down 0.21% on Monday, hitting $38.02. 14,954,297 shares of the company were exchanged. The company has a market capitalization of $179.87 billion, a price-to-earnings ratio of 18.44 and a beta of 1.09. The stock has a 50 day moving average of $36.63 and a 200 day moving average of $33.54. Intel Corp. has a 52 week low of $27.68 and a 52 week high of $38.36.
Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.06. The company had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.54 billion. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. Intel Corp.’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 earnings per share. Analysts predict that Intel Corp. will post $2.58 EPS for the current fiscal year.
The business also recently disclosed 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 2.74%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s dividend payout ratio (DPR) is 50.24%.
A number of equities research analysts have issued reports on INTC shares. Zacks Investment Research raised shares of Intel Corp. from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Tuesday, June 21st. Argus reissued a “buy” rating and set a $41.00 target price on shares of Intel Corp. in a research note on Wednesday, June 29th. Vetr raised shares of Intel Corp. from a “hold” rating to a “buy” rating and set a $32.02 target price for the company in a research note on Tuesday, June 28th. Canaccord Genuity lifted their target price on shares of 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 lifted their target price on shares of Intel Corp. from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, July 18th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $39.65.
In other Intel Corp. news, VP Gregory R. Pearson sold 1,866 shares of the stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $34.68, for a total transaction of $64,712.88. Following the transaction, the vice president now directly owns 86,635 shares in the company, valued at $3,004,501.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gregory R. Pearson sold 1,506 shares of the stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $34.46, for a total transaction of $51,896.76. Following the transaction, the vice president now owns 84,505 shares in the company, valued at $2,912,042.30. The disclosure for this sale can be found here. 0.09% of the stock is currently 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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