Shufro Rose & Co. LLC boosted its position in shares of Intel Corp. (NASDAQ:INTC) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,105,632 shares of the chip maker’s stock after buying an additional 16,748 shares during the period. Intel Corp. makes up approximately 4.0% of Shufro Rose & Co. LLC’s portfolio, making the stock its 2nd largest position. Shufro Rose & Co. LLC’s holdings in Intel Corp. were worth $36,265,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in INTC. Geode Capital Management LLC raised its stake in shares of Intel Corp. by 5.8% in the first quarter. Geode Capital Management LLC now owns 44,204,897 shares of the chip maker’s stock worth $1,427,513,000 after buying an additional 2,414,858 shares in the last quarter. Primecap Management Co. CA raised its stake in shares of Intel Corp. by 6.0% in the first quarter. Primecap Management Co. CA now owns 31,713,985 shares of the chip maker’s stock worth $1,025,947,000 after buying an additional 1,808,825 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Intel Corp. by 2.4% in the first quarter. Legal & General Group Plc now owns 22,729,805 shares of the chip maker’s stock worth $735,329,000 after buying an additional 533,708 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Intel Corp. by 1.2% in the second quarter. Fisher Asset Management LLC now owns 19,856,887 shares of the chip maker’s stock worth $682,680,000 after buying an additional 230,400 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Intel Corp. by 1.2% in the first quarter. Prudential Financial Inc. now owns 14,775,934 shares of the chip maker’s stock worth $478,001,000 after buying an additional 169,730 shares in the last quarter. 64.77% of the stock is owned by hedge funds and other institutional investors.
Shares of Intel Corp. (NASDAQ:INTC) traded down 0.75% during midday trading on Wednesday, hitting $36.99. The stock had a trading volume of 4,948,118 shares. The firm’s 50-day moving average price is $36.69 and its 200-day moving average price is $33.56. Intel Corp. has a one year low of $27.68 and a one year high of $38.36. The firm has a market capitalization of $175.00 billion, a PE ratio of 17.94 and a beta of 1.09.
Intel Corp. (NASDAQ:INTC) last announced its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The business earned $13.50 billion during the quarter, compared to analysts’ expectations of $13.54 billion. During the same period in the previous year, the firm earned $0.55 earnings per share. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, equities analysts predict that Intel Corp. will post $2.58 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be paid a dividend of $0.26 per share. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.79%. Intel Corp.’s dividend payout ratio (DPR) is presently 50.24%.
A number of equities research analysts recently issued reports on INTC shares. B. Riley reissued a “buy” rating and issued a $42.00 price objective on shares of Intel Corp. in a report on Wednesday, August 17th. Robert W. Baird upped their target price on shares of Intel Corp. from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, September 19th. Brean Capital reaffirmed a “buy” rating and issued a $40.00 target price (up previously from $38.00) on shares of Intel Corp. in a research report on Thursday, September 22nd. Zacks Investment Research raised shares of Intel Corp. from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Monday, September 26th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $35.00 target price on shares of Intel Corp. in a research report on Wednesday, August 17th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $39.66.
In other Intel Corp. news, CEO Brian M. Krzanich sold 67,508 shares of Intel Corp. stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $37.71, for a total transaction of $2,545,726.68. Following the transaction, the chief executive officer now directly owns 420,506 shares in the company, valued at $15,857,281.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Gregory R. Pearson sold 1,506 shares of Intel Corp. stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $34.46, for a total value of $51,896.76. Following the transaction, the vice president now owns 84,505 shares in the company, valued at $2,912,042.30. The disclosure for this sale can be found here. Corporate 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.
Receive News & Ratings for Intel Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel Corp. and related companies with MarketBeat.com's FREE daily email newsletter.