Norinchukin Bank The raised its stake in shares of Intel Corp. (NASDAQ:INTC) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 546,958 shares of the chip maker’s stock after buying an additional 5,268 shares during the period. Norinchukin Bank The’s holdings in Intel Corp. were worth $17,940,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. North Star Investment Management Corp. increased its stake in shares of Intel Corp. by 2.3% in the first quarter. North Star Investment Management Corp. now owns 105,018 shares of the chip maker’s stock valued at $3,397,000 after buying an additional 2,334 shares during the last quarter. Douglas Lane & Associates LLC acquired a new stake in shares of Intel Corp. during the first quarter valued at $31,548,000. Bellecapital International Ltd. increased its stake in shares of Intel Corp. by 86.2% in the first quarter. Bellecapital International Ltd. now owns 12,960 shares of the chip maker’s stock valued at $405,000 after buying an additional 6,000 shares during the last quarter. Vicus Capital increased its stake in shares of Intel Corp. by 36.9% in the first quarter. Vicus Capital now owns 14,779 shares of the chip maker’s stock valued at $478,000 after buying an additional 3,985 shares during the last quarter. Finally, Athena Capital Advisors LLC increased its stake in shares of Intel Corp. by 0.6% in the first quarter. Athena Capital Advisors LLC now owns 48,815 shares of the chip maker’s stock valued at $1,579,000 after buying an additional 278 shares during the last quarter. 64.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Intel Corp. (NASDAQ:INTC) traded up 1.30% during mid-day trading on Friday, reaching $37.45. 19,123,944 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $36.86 and a 200 day moving average price of $33.65. The firm has a market cap of $177.18 billion, a P/E ratio of 18.16 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 posted its earnings results on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $13.54 billion. During the same period last year, the company posted $0.55 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. Analysts forecast that Intel Corp. will post $2.58 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 2.78%. Intel Corp.’s dividend payout ratio (DPR) is currently 50.24%.
Several brokerages have weighed in on INTC. Pacific Crest reaffirmed a “buy” rating and set a $44.00 target price on shares of Intel Corp. in a research note on Thursday, October 6th. KeyCorp lifted their price target on Intel Corp. from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Monday, October 3rd. BlueFin Research reiterated a “buy” rating on shares of Intel Corp. in a research report on Monday, October 3rd. B. Riley reiterated a “buy” rating and set a $45.00 price target (up from $42.00) on shares of Intel Corp. in a research report on Friday, September 16th. Finally, Citigroup Inc. lifted their price target on Intel Corp. from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Monday, September 19th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-two have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $39.73.
In related news, CEO Brian M. Krzanich sold 67,508 shares of Intel Corp. stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $37.71, for a total transaction of $2,545,726.68. Following the completion of the transaction, the chief executive officer now directly owns 420,506 shares of the company’s stock, valued at approximately $15,857,281.26. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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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