Fuller & Thaler Asset Management Inc. lowered its stake in Intel Corp. (NASDAQ:INTC) by 4.2% during the second quarter, Holdings Channel reports. The institutional investor owned 120,350 shares of the chip maker’s stock after selling 5,250 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in Intel Corp. were worth $3,947,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. QCI Asset Management Inc. NY increased its position in Intel Corp. by 2.7% in the second quarter. QCI Asset Management Inc. NY now owns 422,506 shares of the chip maker’s stock worth $13,858,000 after buying an additional 10,951 shares during the period. Neuberger Berman Group LLC increased its position in Intel Corp. by 0.7% in the second quarter. Neuberger Berman Group LLC now owns 968,440 shares of the chip maker’s stock worth $31,765,000 after buying an additional 6,859 shares during the period. Airain ltd acquired a new position in Intel Corp. during the second quarter worth $4,766,000. Bank of The West increased its position in Intel Corp. by 11.3% in the second quarter. Bank of The West now owns 134,263 shares of the chip maker’s stock worth $4,404,000 after buying an additional 13,597 shares during the period. Finally, Torray LLC increased its position in Intel Corp. by 0.5% in the second quarter. Torray LLC now owns 381,171 shares of the chip maker’s stock worth $12,502,000 after buying an additional 1,890 shares during the period. 64.77% of the stock is owned by institutional investors.
Shares of Intel Corp. (NASDAQ:INTC) traded down 0.1727% during mid-day trading on Thursday, reaching $37.9244. The company had a trading volume of 8,016,423 shares. The firm has a 50-day moving average price of $36.38 and a 200-day moving average price of $33.40. The stock has a market capitalization of $179.42 billion, a price-to-earnings ratio of 18.3920 and a beta of 1.09. Intel Corp. has a 1-year low of $27.68 and a 1-year high of $38.31.
Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings results on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.06. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The company had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.54 billion. During the same period in the previous year, the firm earned $0.55 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. Equities analysts expect that Intel Corp. will post $2.58 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.04 annualized dividend and a dividend yield of 2.74%. Intel Corp.’s dividend payout ratio (DPR) is 50.24%.
INTC has been the subject of a number of recent analyst reports. Royal Bank Of Canada reiterated a “hold” rating on shares of Intel Corp. in a research note on Saturday, July 9th. B. Riley reiterated a “buy” rating and issued a $42.00 price target on shares of Intel Corp. in a research note on Tuesday, July 26th. Argus reiterated a “buy” rating and issued a $41.00 price target on shares of Intel Corp. in a research note on Monday, July 25th. Wells Fargo & Co. reiterated a “buy” rating on shares of Intel Corp. in a research note on Sunday, September 4th. Finally, Sanford C. Bernstein set a $31.00 price target on shares of Intel Corp. and gave the company a “hold” rating in a research note on Thursday, July 21st. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $39.59.
In other news, Chairman Andy D. Bryant sold 445,095 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $34.69, for a total transaction of $15,440,345.55. Following the sale, the chairman now directly owns 399,557 shares of the company’s stock, valued at approximately $13,860,632.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gregory R. Pearson sold 1,506 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $34.46, for a total value of $51,896.76. Following the sale, the vice president now directly owns 84,505 shares in the company, valued at $2,912,042.30. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.
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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