Gardiner Nancy B lowered its position in Intel Corp. (NASDAQ:INTC) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 17,630 shares of the chip maker’s stock after selling 66 shares during the period. Intel Corp. accounts for 1.9% of Gardiner Nancy B’s portfolio, making the stock its 21st largest position. Gardiner Nancy B’s holdings in Intel Corp. were worth $579,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of 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 worth $1,427,513,000 after buying an additional 2,414,858 shares during the last quarter. Primecap Management Co. CA boosted its stake 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 in the last quarter. Legal & General Group Plc boosted its stake 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 in the last quarter. Fisher Asset Management LLC boosted its stake 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 in the last quarter. Finally, Prudential Financial Inc. boosted its stake 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 in the last quarter. 64.82% of the stock is currently owned by institutional investors.
Intel Corp. (NASDAQ:INTC) traded up 1.64% during midday trading on Tuesday, reaching $37.90. 4,375,251 shares of the company’s stock traded hands. Intel Corp. has a 52-week low of $27.68 and a 52-week high of $38.36. The stock has a market cap of $179.30 billion, a P/E ratio of 18.38 and a beta of 1.09. The company’s 50-day moving average price is $36.91 and its 200-day moving average price is $33.70.
Intel Corp. (NASDAQ:INTC) last announced its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company earned $13.50 billion during the quarter, compared to analysts’ expectations of $13.54 billion. During the same quarter in the prior year, the company earned $0.55 EPS. 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 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be paid a $0.26 dividend. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.79%. Intel Corp.’s dividend payout ratio (DPR) is 50.24%.
Several analysts recently commented on the company. Barclays PLC upgraded Intel Corp. from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $38.00 to $45.00 in a research report on Tuesday. Wells Fargo & Co. restated an “outperform” rating and issued a $45.00 target price on shares of Intel Corp. in a research report on Monday. Sanford C. Bernstein set a $35.00 target price on Intel Corp. and gave the company a “neutral” rating in a research report on Friday. Vetr cut Intel Corp. from a “strong-buy” rating to a “buy” rating and set a $41.20 target price on the stock. in a research report on Wednesday, October 12th. Finally, Pacific Crest restated a “buy” rating and issued a $44.00 target price on shares of Intel Corp. in a research report on Thursday, October 6th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirty-three have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $40.00.
In other Intel Corp. news, EVP Venkata S. M. Renduchintala sold 13,997 shares of the stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $34.71, for a total transaction of $485,835.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Gregory R. Pearson sold 1,506 shares of the stock in a transaction 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 sale, the vice president now directly owns 84,505 shares of the company’s stock, valued at approximately $2,912,042.30. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by 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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