Athena Global Investors LLC decreased its position in shares of Intel Corp. (NASDAQ:INTC) by 33.0% during the second quarter, Holdings Channel reports. The firm owned 82,668 shares of the chip maker’s stock after selling 40,729 shares during the period. Intel Corp. comprises approximately 4.2% of Athena Global Investors LLC’s portfolio, making the stock its 10th largest position. Athena Global Investors LLC’s holdings in Intel Corp. were worth $2,712,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in INTC. James Investment Research Inc. raised its stake in Intel Corp. by 12.8% in the second quarter. James Investment Research Inc. now owns 661,825 shares of the chip maker’s stock worth $21,708,000 after buying an additional 75,124 shares during the last quarter. Park National Corp OH raised its stake in Intel Corp. by 2.7% in the second quarter. Park National Corp OH now owns 813,717 shares of the chip maker’s stock worth $26,689,000 after buying an additional 21,481 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Intel Corp. by 5.2% in the second quarter. Nisa Investment Advisors LLC now owns 1,796,286 shares of the chip maker’s stock worth $58,917,000 after buying an additional 89,568 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new stake in Intel Corp. during the first quarter worth about $132,302,000. Finally, CIBC World Markets Inc. raised its stake in Intel Corp. by 14.2% in the second quarter. CIBC World Markets Inc. now owns 532,676 shares of the chip maker’s stock worth $17,472,000 after buying an additional 66,041 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.
Shares of Intel Corp. (NASDAQ:INTC) traded up 0.280% on Monday, hitting $37.555. 2,633,425 shares of the company’s stock were exchanged. The firm has a market cap of $177.67 billion, a P/E ratio of 18.213 and a beta of 1.09. The stock’s 50 day moving average is $36.86 and its 200 day moving average is $33.65. Intel Corp. has a 12 month low of $27.68 and a 12 month high of $38.36.
Intel Corp. (NASDAQ:INTC) last released its quarterly earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The company had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.54 billion. During the same period last year, the firm earned $0.55 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. On average, equities analysts predict that Intel Corp. will post $2.58 earnings per share for the current year.
The company 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. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s payout ratio is currently 50.24%.
A number of research firms have recently issued reports on INTC. Pacific Crest restated a “buy” rating and issued a $44.00 target price on shares of Intel Corp. in a report on Thursday, October 6th. KeyCorp upped their price target on shares of Intel Corp. from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Monday, October 3rd. BlueFin Research reaffirmed a “buy” rating on shares of Intel Corp. in a research note on Monday, October 3rd. B. Riley reaffirmed a “buy” rating and issued a $45.00 price target (up from $42.00) on shares of Intel Corp. in a research note on Friday, September 16th. Finally, Citigroup Inc. upped their price target on shares of Intel Corp. from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, September 19th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirty-two have given a buy rating to the company. Intel Corp. has a consensus rating of “Buy” and a consensus price target of $39.73.
In related news, Chairman Andy D. Bryant sold 445,095 shares of the firm’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $34.69, for a total transaction of $15,440,345.55. Following the transaction, the chairman now directly owns 399,557 shares of the company’s stock, valued at $13,860,632.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian M. Krzanich sold 67,508 shares of the firm’s 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 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. 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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