Strategy Asset Managers LLC increased its holdings in shares of Intel Co. (NASDAQ:INTC) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,756 shares of the chip maker’s stock after buying an additional 371 shares during the quarter. Strategy Asset Managers LLC’s holdings in Intel were worth $1,233,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of INTC. Benjamin F. Edwards & Company Inc. boosted its position in Intel by 0.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 92,686 shares of the chip maker’s stock worth $4,350,000 after acquiring an additional 769 shares during the period. Sabal Trust CO boosted its position in Intel by 2.7% during the 4th quarter. Sabal Trust CO now owns 24,207 shares of the chip maker’s stock worth $1,136,000 after acquiring an additional 647 shares during the period. Shufro Rose & Co. LLC boosted its position in Intel by 1.6% during the 4th quarter. Shufro Rose & Co. LLC now owns 918,926 shares of the chip maker’s stock worth $43,125,000 after acquiring an additional 14,044 shares during the period. Sigma Investment Counselors Inc. boosted its position in Intel by 5.0% during the 4th quarter. Sigma Investment Counselors Inc. now owns 10,985 shares of the chip maker’s stock worth $516,000 after acquiring an additional 521 shares during the period. Finally, Buckley Wealth Management LLC boosted its position in Intel by 5.8% during the 4th quarter. Buckley Wealth Management LLC now owns 86,817 shares of the chip maker’s stock worth $4,074,000 after acquiring an additional 4,749 shares during the period. 65.89% of the stock is currently owned by institutional investors and hedge funds.
In other Intel news, CEO Robert Holmes Swan purchased 10,918 shares of the stock in a transaction dated Wednesday, August 28th. The shares were acquired at an average price of $45.70 per share, for a total transaction of $498,952.60. Following the completion of the acquisition, the chief executive officer now owns 168,955 shares of the company’s stock, valued at approximately $7,721,243.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Navin Shenoy sold 8,552 shares of Intel stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $46.78, for a total value of $400,062.56. Following the transaction, the executive vice president now owns 68,833 shares in the company, valued at approximately $3,220,007.74. The disclosure for this sale can be found here. Insiders have sold 39,033 shares of company stock worth $1,961,792 over the last ninety days. 0.02% of the stock is owned by insiders.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.17. The company had revenue of $16.51 billion for the quarter, compared to analyst estimates of $15.70 billion. Intel had a return on equity of 28.84% and a net margin of 28.05%. Intel’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.04 earnings per share. On average, equities analysts anticipate that Intel Co. will post 4.38 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date was Tuesday, August 6th. Intel’s dividend payout ratio (DPR) is presently 27.51%.
A number of research analysts have issued reports on INTC shares. JPMorgan Chase & Co. reiterated a “buy” rating and set a $64.00 price target on shares of Intel in a research report on Friday, July 26th. UBS Group reiterated a “buy” rating and set a $58.00 price target on shares of Intel in a research report on Friday, July 26th. Citigroup reiterated a “neutral” rating and set a $53.00 price target (up previously from $50.00) on shares of Intel in a research report on Friday, July 26th. Goldman Sachs Group reiterated a “sell” rating and set a $47.00 price target on shares of Intel in a research report on Friday, July 26th. Finally, Royal Bank of Canada reiterated an “underperform” rating and set a $47.00 price target (up previously from $41.00) on shares of Intel in a research report on Friday, July 26th. Nine investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty have given a buy rating to the stock. Intel currently has an average rating of “Hold” and a consensus price target of $54.09.
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.
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