Family Management Corp Buys 6,476 Shares of Intel Co. (NASDAQ:INTC)

Share on StockTwits

Family Management Corp lifted its stake in shares of Intel Co. (NASDAQ:INTC) by 109.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 12,370 shares of the chip maker’s stock after acquiring an additional 6,476 shares during the period. Family Management Corp’s holdings in Intel were worth $592,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Intel by 0.6% in the second quarter. Vanguard Group Inc. now owns 363,624,758 shares of the chip maker’s stock worth $17,406,717,000 after purchasing an additional 2,219,241 shares during the period. BlackRock Inc. grew its holdings in Intel by 0.3% in the second quarter. BlackRock Inc. now owns 293,073,773 shares of the chip maker’s stock worth $14,029,440,000 after purchasing an additional 961,771 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Intel by 6.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 30,298,451 shares of the chip maker’s stock worth $1,450,387,000 after purchasing an additional 1,952,840 shares during the period. Morgan Stanley grew its holdings in Intel by 8.2% in the second quarter. Morgan Stanley now owns 27,543,012 shares of the chip maker’s stock worth $1,318,484,000 after purchasing an additional 2,081,749 shares during the period. Finally, Fisher Asset Management LLC grew its holdings in Intel by 3.0% in the second quarter. Fisher Asset Management LLC now owns 26,557,167 shares of the chip maker’s stock worth $1,271,292,000 after purchasing an additional 785,668 shares during the period. 65.89% of the stock is owned by institutional investors.

In related news, Director Reed E. Hundt sold 10,000 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $52.45, for a total transaction of $524,500.00. Following the completion of the transaction, the director now directly owns 44,400 shares of the company’s stock, valued at $2,328,780. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert Holmes Swan bought 10,918 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were bought at an average cost of $45.70 per share, with a total value of $498,952.60. Following the completion of the purchase, the chief executive officer now directly owns 168,955 shares of the company’s stock, valued at approximately $7,721,243.50. The disclosure for this purchase can be found here. Insiders have sold 39,032 shares of company stock valued at $2,006,895 over the last ninety days. 0.02% of the stock is currently owned by corporate insiders.

A number of brokerages have weighed in on INTC. Jefferies Financial Group set a $40.00 price objective on shares of Intel and gave the stock a “sell” rating in a report on Friday, July 26th. Northland Securities upgraded shares of Intel from an “under perform” rating to a “market perform” rating and set a $48.00 price objective on the stock in a report on Friday, August 16th. Barclays restated a “sell” rating and issued a $40.00 price objective on shares of Intel in a report on Friday, July 26th. Tigress Financial restated a “buy” rating on shares of Intel in a report on Friday, August 30th. Finally, SunTrust Banks restated a “buy” rating and issued a $58.00 price objective (up previously from $54.00) on shares of Intel in a report on Friday, July 26th. Nine research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $54.09.

Shares of NASDAQ INTC traded up $0.13 during midday trading on Friday, reaching $51.70. The stock had a trading volume of 7,142,114 shares, compared to its average volume of 18,777,180. The stock has a 50-day moving average of $48.26 and a 200-day moving average of $49.86. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.48. The company has a market capitalization of $230.14 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 1.58 and a beta of 0.90. Intel Co. has a 12-month low of $42.36 and a 12-month high of $59.59.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 25th. The chip maker reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.17. The firm had revenue of $16.51 billion during the quarter, compared to analysts’ expectations of $15.70 billion. Intel had a net margin of 28.05% and a return on equity of 28.84%. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.04 earnings per share. As a group, analysts forecast that Intel Co. will post 4.38 EPS for the current fiscal year.

The business also recently announced a — dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 7th will be paid a dividend of $0.315 per share. The ex-dividend date is Wednesday, November 6th. This represents a yield of 2.4%. Intel’s payout ratio is 27.51%.

Intel Profile

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

Featured Article: Why Invest in High-Yield Dividend Stocks?

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Amphastar Pharmaceuticals  Upgraded to “Hold” at BidaskClub
Amphastar Pharmaceuticals Upgraded to “Hold” at BidaskClub
Ames National  Downgraded by BidaskClub to “Hold”
Ames National Downgraded by BidaskClub to “Hold”
TheStreet Upgrades BlueLinx  to C-
TheStreet Upgrades BlueLinx to C-
Janus Henderson Small/Mid Cap Growth Alpha ETF  Stock Price Up 1%
Janus Henderson Small/Mid Cap Growth Alpha ETF Stock Price Up 1%
Zacks: Mid Penn Bancorp, Inc.  Given Average Recommendation of “Hold” by Brokerages
Zacks: Mid Penn Bancorp, Inc. Given Average Recommendation of “Hold” by Brokerages
Skrumble Network  Reaches Market Cap of $2.38 Million
Skrumble Network Reaches Market Cap of $2.38 Million


© 2006-2019 Ticker Report