Dana Investment Advisors Inc. raised its position in Intel Corp. (NASDAQ:INTC) by 775.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,867 shares of the chip maker’s stock after buying an additional 62,771 shares during the period. Dana Investment Advisors Inc.’s holdings in Intel Corp. were worth $2,324,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of INTC. James Investment Research Inc. increased its stake in shares of Intel Corp. by 12.8% in the second quarter. James Investment Research Inc. now owns 661,825 shares of the chip maker’s stock valued at $21,708,000 after buying an additional 75,124 shares in the last quarter. Park National Corp OH increased its stake in shares of Intel Corp. by 2.7% in the second quarter. Park National Corp OH now owns 813,717 shares of the chip maker’s stock valued at $26,689,000 after buying an additional 21,481 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in shares of Intel Corp. during the first quarter valued at approximately $132,302,000. Svenska Handelsbanken AB publ purchased a new stake in shares of Intel Corp. during the second quarter valued at approximately $44,489,000. Finally, Alpine Investment Management LLC increased its stake in shares of Intel Corp. by 5.6% in the first quarter. Alpine Investment Management LLC now owns 3,541,188 shares of the chip maker’s stock valued at $114,557,000 after buying an additional 188,067 shares in the last quarter. Hedge funds and other institutional investors own 64.77% of the company’s stock.
Shares of Intel Corp. (NASDAQ:INTC) traded down 0.96% during midday trading on Friday, reaching $37.19. The company’s stock had a trading volume of 17,780,157 shares. Intel Corp. has a 52-week low of $27.68 and a 52-week high of $38.05. The stock has a market cap of $175.95 billion, a price-to-earnings ratio of 18.04 and a beta of 0.93. The stock has a 50-day moving average price of $35.71 and a 200-day moving average price of $33.00.
Intel Corp. (NASDAQ:INTC) last issued its earnings results on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. The company had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.54 billion. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 EPS. Equities research analysts anticipate that Intel Corp. will post $2.57 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s payout ratio is presently 50.24%.
Several brokerages have recently commented on INTC. Royal Bank Of Canada restated a “hold” rating on shares of Intel Corp. in a research note on Saturday, July 9th. B. Riley restated a “buy” rating and issued a $42.00 target price on shares of Intel Corp. in a research note on Tuesday, July 26th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Intel Corp. in a report on Sunday, September 4th. Argus reaffirmed a “buy” rating and issued a $41.00 price target on shares of Intel Corp. in a report on Monday, July 25th. Finally, Sanford C. Bernstein set a $31.00 price target on Intel Corp. and gave the company a “hold” rating in a report on Thursday, July 21st. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirty-one have given a buy rating to the company. Intel Corp. has an average rating of “Buy” and an average target price of $39.06.
In related news, VP Gregory R. Pearson sold 250,192 shares of Intel Corp. stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $36.50, for a total value of $9,132,008.00. Following the transaction, the vice president now directly owns 92,826 shares of the company’s stock, valued at $3,388,149. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian M. Krzanich sold 71,413 shares of Intel Corp. stock in a transaction on Friday, July 1st. The stock was sold at an average price of $32.73, for a total transaction of $2,337,347.49. Following the completion of the transaction, the chief executive officer now directly owns 435,796 shares in the company, valued at $14,263,603.08. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate 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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