Rothschild Investment Corp IL increased its stake in Intel Corp. (NASDAQ:INTC) by 5.9% during the second quarter, Holdings Channel reports. The fund owned 121,370 shares of the chip maker’s stock after buying an additional 6,767 shares during the period. Rothschild Investment Corp IL’s holdings in Intel Corp. were worth $3,981,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Geode Capital Management LLC increased 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 period. Primecap Management Co. CA increased 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 period. Legal & General Group Plc increased its position in Intel Corp. by 2.4% in the first quarter. Legal & General Group Plc now owns 22,729,805 shares of the chip maker’s stock valued at $735,329,000 after buying an additional 533,708 shares during the period. Fisher Asset Management LLC increased its position in Intel Corp. by 1.2% in the second quarter. Fisher Asset Management LLC now owns 19,856,887 shares of the chip maker’s stock valued at $682,680,000 after buying an additional 230,400 shares during the period. Finally, Prudential Financial Inc. increased its position in Intel Corp. by 1.2% in the first quarter. Prudential Financial Inc. now owns 14,775,934 shares of the chip maker’s stock valued at $478,001,000 after buying an additional 169,730 shares during the period. Institutional investors own 64.77% of the company’s stock.
Shares of Intel Corp. (NASDAQ:INTC) traded down 1.97% during mid-day trading on Tuesday, hitting $37.27. The stock had a trading volume of 27,650,457 shares. Intel Corp. has a 52 week low of $27.68 and a 52 week high of $38.36. The stock has a market capitalization of $176.32 billion, a P/E ratio of 18.07 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. (NASDAQ:INTC) last released its earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, topping 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 business had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.54 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. Intel Corp.’s revenue was up 2.6% on a year-over-year basis. On average, equities research analysts predict that Intel Corp. will post $2.58 earnings per share for the current year.
The business also recently announced 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. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.04 annualized dividend and a yield of 2.79%. Intel Corp.’s payout ratio is presently 50.24%.
Several research analysts have recently issued reports on INTC shares. B. Riley reaffirmed a “buy” rating and set a $42.00 price target on shares of Intel Corp. in a research note on Wednesday, August 17th. Robert W. Baird lifted their price target on Intel Corp. from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, September 19th. Brean Capital reaffirmed a “buy” rating and set a $40.00 price target (up previously from $38.00) on shares of Intel Corp. in a research note on Thursday, September 22nd. Zacks Investment Research raised shares of Intel Corp. from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Monday, September 26th. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $35.00 target price on shares of Intel Corp. in a research note on Wednesday, August 17th. Three investment 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 assigned a strong buy rating to the company’s stock. Intel Corp. currently has an average rating of “Buy” and an average price target of $39.65.
In related news, CFO Stacy J. Smith sold 29,497 shares of the company’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $34.47, for a total transaction of $1,016,761.59. Following the sale, the chief financial officer now owns 263,772 shares in the company, valued at $9,092,220.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian M. Krzanich sold 67,508 shares of the company’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $37.71, for a total value of $2,545,726.68. Following the sale, the chief executive officer now owns 420,506 shares in the company, valued at approximately $15,857,281.26. 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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