Kidder Stephen W reduced its stake in shares of Intel Corporation (NASDAQ:INTC) by 2.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 186,944 shares of the chip maker’s stock after selling 4,025 shares during the period. Intel Corporation accounts for about 2.6% of Kidder Stephen W’s holdings, making the stock its 15th largest position. Kidder Stephen W’s holdings in Intel Corporation were worth $6,744,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in INTC. Arrowstreet Capital Limited Partnership boosted its position in shares of Intel Corporation by 4.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,735,473 shares of the chip maker’s stock worth $389,376,000 after buying an additional 417,669 shares in the last quarter. Capital Guardian Trust Co. boosted its position in shares of Intel Corporation by 13.0% in the fourth quarter. Capital Guardian Trust Co. now owns 62,985 shares of the chip maker’s stock worth $2,284,000 after buying an additional 7,255 shares in the last quarter. Pinnacle Financial Partners Inc. boosted its position in shares of Intel Corporation by 7.1% in the fourth quarter. Pinnacle Financial Partners Inc. now owns 176,010 shares of the chip maker’s stock worth $6,383,000 after buying an additional 11,706 shares in the last quarter. Narus Financial Partners LLC acquired a new position in shares of Intel Corporation during the fourth quarter worth approximately $295,000. Finally, RB Capital Management LLC acquired a new position in shares of Intel Corporation during the fourth quarter worth approximately $858,000. Institutional investors and hedge funds own 67.50% of the company’s stock.
Intel Corporation (INTC) traded down 0.75% on Friday, hitting $35.87. 19,275,060 shares of the stock traded hands. The firm has a market capitalization of $168.55 billion, a PE ratio of 13.69 and a beta of 1.01. The stock has a 50 day moving average of $34.84 and a 200 day moving average of $35.72. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $38.45.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The company had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $14.39 billion. During the same period in the previous year, the company posted $0.59 earnings per share. Intel Corporation’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities research analysts anticipate that Intel Corporation will post $3.01 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 7th will be issued a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Thursday, August 3rd. Intel Corporation’s payout ratio is presently 41.76%.
A number of research analysts have commented on the stock. BidaskClub upgraded shares of Intel Corporation from a “hold” rating to a “buy” rating in a research note on Thursday. Goldman Sachs Group, Inc. (The) restated a “hold” rating on shares of Intel Corporation in a research note on Wednesday. Vetr cut shares of Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.26 price target for the company. in a research note on Tuesday. B. Riley restated a “buy” rating and set a $46.00 price target on shares of Intel Corporation in a research note on Wednesday, August 2nd. Finally, UBS AG restated a “buy” rating and set a $40.00 price target (down previously from $41.00) on shares of Intel Corporation in a research note on Monday, July 31st. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have given a buy rating to the stock. Intel Corporation currently has an average rating of “Hold” and a consensus price target of $40.55.
In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $36.40, for a total value of $51,833.60. Following the completion of the sale, the insider now directly owns 1,536 shares in the company, valued at $55,910.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert Holmes Swan acquired 13,888 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was acquired at an average price of $36.31 per share, with a total value of $504,273.28. Following the completion of the transaction, the chief financial officer now directly owns 8,774 shares of the company’s stock, valued at $318,583.94. The disclosure for this purchase can be found here. Insiders sold 91,921 shares of company stock valued at $3,130,162 over the last three months. 0.09% of the stock is currently owned by corporate insiders.
Intel Corporation Company Profile
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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