Spirit of America Management Corp NY boosted its stake in Intel Co. (NASDAQ:INTC) by 4.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,340 shares of the chip maker’s stock after acquiring an additional 500 shares during the quarter. Spirit of America Management Corp NY’s holdings in Intel were worth $584,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of INTC. First Pacific Advisors LP bought a new stake in Intel in the 1st quarter valued at $671,000. Clearbridge Investments LLC increased its stake in Intel by 0.3% in the 1st quarter. Clearbridge Investments LLC now owns 6,492,287 shares of the chip maker’s stock valued at $348,636,000 after buying an additional 19,480 shares during the last quarter. GYL Financial Synergies LLC increased its stake in Intel by 6.9% in the 1st quarter. GYL Financial Synergies LLC now owns 20,154 shares of the chip maker’s stock valued at $1,082,000 after buying an additional 1,300 shares during the last quarter. Weiss Asset Management LP acquired a new stake in Intel in the 1st quarter valued at $203,000. Finally, Merit Financial Group LLC acquired a new stake in Intel in the 1st quarter valued at $214,000. 65.93% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Reed E. Hundt sold 10,000 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $52.45, for a total value of $524,500.00. Following the transaction, the director now owns 44,400 shares in the company, valued at approximately $2,328,780. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Navin Shenoy sold 8,551 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $52.06, for a total transaction of $445,165.06. Following the completion of the transaction, the executive vice president now owns 70,276 shares in the company, valued at approximately $3,658,568.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,541 shares of company stock worth $2,135,306. 0.02% of the stock is owned by company insiders.
Shares of Intel stock traded down $0.45 during trading on Wednesday, hitting $52.20. 604,241 shares of the stock were exchanged, compared to its average volume of 18,039,618. The stock has a market capitalization of $230.76 billion, a price-to-earnings ratio of 11.40, a price-to-earnings-growth ratio of 1.58 and a beta of 0.91. The company has a fifty day moving average price of $50.36 and a 200-day moving average price of $49.54. Intel Co. has a 1-year low of $42.36 and a 1-year high of $59.59. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33.
Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 25th. The chip maker reported $1.06 earnings per share for the quarter, topping the consensus estimate 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 net margin of 28.05% and a return on equity of 28.84%. 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 business earned $1.04 EPS. Equities research analysts forecast that Intel Co. will post 4.38 EPS for the current fiscal year.
The business also recently declared a — dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 7th will be paid a $0.315 dividend. The ex-dividend date is Wednesday, November 6th. This represents a yield of 2.4%. Intel’s dividend payout ratio (DPR) is currently 27.51%.
Intel Company 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.
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