JLB & Associates Inc. held its stake in shares of Intel Corp. (NASDAQ:INTC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,419 shares of the chip maker’s stock at the end of the second quarter. JLB & Associates Inc.’s holdings in Intel Corp. were worth $997,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. D. Scott Neal Inc. boosted its stake in shares of Intel Corp. by 0.7% in the second quarter. D. Scott Neal Inc. now owns 4,969 shares of the chip maker’s stock valued at $163,000 after buying an additional 35 shares during the period. Accredited Investors Inc. boosted its stake in shares of Intel Corp. by 0.4% in the first quarter. Accredited Investors Inc. now owns 20,443 shares of the chip maker’s stock valued at $661,000 after buying an additional 73 shares during the period. Fruth Investment Management boosted its stake in shares of Intel Corp. by 0.6% in the second quarter. Fruth Investment Management now owns 13,489 shares of the chip maker’s stock valued at $442,000 after buying an additional 75 shares during the period. Investors Asset Management of Georgia Inc. GA ADV boosted its stake in shares of Intel Corp. by 0.4% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 25,885 shares of the chip maker’s stock valued at $849,000 after buying an additional 100 shares during the period. Finally, Carroll Financial Associates Inc. boosted its stake in shares of Intel Corp. by 0.4% in the second quarter. Carroll Financial Associates Inc. now owns 24,046 shares of the chip maker’s stock valued at $788,000 after buying an additional 102 shares during the period. Institutional investors and hedge funds own 64.77% of the company’s stock.
Shares of Intel Corp. (NASDAQ:INTC) traded down 0.38% on Wednesday, hitting $37.13. The company had a trading volume of 14,053,261 shares. The stock’s 50-day moving average is $36.69 and its 200 day moving average is $33.56. The company has a market capitalization of $175.66 billion, a price-to-earnings ratio of 18.01 and a beta of 1.09. Intel Corp. has a 52 week low of $27.68 and a 52 week high of $38.36.
Intel Corp. (NASDAQ:INTC) last released 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 company earned $13.50 billion during the quarter, compared to analysts’ expectations of $13.54 billion. During the same period last year, the business posted $0.55 earnings per share. The firm’s revenue was up 2.6% compared to the same quarter last year. Equities analysts expect that Intel Corp. will post $2.58 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s dividend payout ratio (DPR) is presently 50.24%.
Several brokerages have weighed in on INTC. Royal Bank Of Canada reiterated a “hold” rating on shares of Intel Corp. in a research note on Saturday, July 9th. B. Riley reiterated a “buy” rating and issued a $42.00 price objective on shares of Intel Corp. in a research note on Thursday, July 21st. Robert W. Baird lifted their price objective on shares of Intel Corp. from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 6th. Citigroup Inc. reiterated a “neutral” rating and issued a $35.00 price objective (up previously from $31.00) on shares of Intel Corp. in a research note on Thursday, June 30th. Finally, Cowen and Company lifted their price objective on shares of Intel Corp. from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, September 16th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $39.66.
In other news, EVP Venkata S. M. Renduchintala sold 13,997 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $34.71, for a total value of $485,835.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian M. Krzanich sold 67,508 shares of the firm’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 completion of the transaction, the chief executive officer now owns 420,506 shares of the company’s stock, valued at $15,857,281.26. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.
About Intel Corp.
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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