HM Payson & Co. boosted its position in shares of Intel Corp. (NASDAQ:INTC) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,276,354 shares of the chip maker’s stock after buying an additional 8,148 shares during the period. Intel Corp. comprises 2.1% of HM Payson & Co.’s investment portfolio, making the stock its 9th largest position. HM Payson & Co.’s holdings in Intel Corp. were worth $41,864,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of INTC. Emerald Acquisition Ltd. bought a new position in shares of Intel Corp. during the second quarter worth approximately $295,226,000. Institutional Capital LLC increased its position in shares of Intel Corp. by 360.2% in the first quarter. Institutional Capital LLC now owns 10,182,033 shares of the chip maker’s stock worth $329,388,000 after buying an additional 7,969,512 shares during the last quarter. NN Investment Partners Holdings N.V. bought a new position in shares of Intel Corp. during the first quarter worth approximately $132,302,000. Natixis increased its position in shares of Intel Corp. by 1,486.7% in the first quarter. Natixis now owns 3,005,998 shares of the chip maker’s stock worth $97,244,000 after buying an additional 2,816,554 shares during the last quarter. Finally, Geode Capital Management LLC increased its position 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 during the last quarter. Institutional investors and hedge funds own 64.77% of the company’s stock.
Shares of Intel Corp. (NASDAQ:INTC) traded down 0.75% during mid-day trading on Wednesday, hitting $36.99. The stock had a trading volume of 4,947,615 shares. The company has a market cap of $175.00 billion, a P/E ratio of 17.94 and a beta of 1.09. 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 1-year low of $27.68 and a 1-year high of $38.36.
Intel Corp. (NASDAQ:INTC) last announced its quarterly earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.06. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The business had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.54 billion. During the same quarter last year, the firm earned $0.55 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts predict that Intel Corp. will post $2.58 earnings per share for the current fiscal year.
The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.04 annualized dividend and a yield of 2.79%. Intel Corp.’s payout ratio is 50.24%.
Several research analysts have recently issued reports on INTC shares. Cowen and Company reissued a “market perform” rating and issued a $36.00 price target (up previously from $32.00) on shares of Intel Corp. in a research note on Monday, July 11th. Evercore ISI raised Intel Corp. from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Tuesday, September 6th. Vetr raised Intel Corp. from a “buy” rating to a “strong-buy” rating and set a $41.44 price target for the company in a research note on Monday, September 26th. Royal Bank Of Canada increased their price target on Intel Corp. from $33.00 to $34.00 and gave the stock a “sector perform” rating in a research note on Friday, July 8th. Finally, RBC Capital Markets reissued a “sector perform” rating and issued a $36.00 price target on shares of Intel Corp. in a research note on Wednesday, August 31st. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $39.66.
In other Intel Corp. news, CEO Brian M. Krzanich sold 67,508 shares of Intel Corp. stock in a transaction that occurred on Monday, October 3rd. The shares were 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 owns 420,506 shares of the company’s stock, valued at approximately $15,857,281.26. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stacy J. Smith sold 29,497 shares of Intel Corp. stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $34.47, for a total transaction of $1,016,761.59. Following the transaction, the chief financial officer now directly owns 263,772 shares in the company, valued at approximately $9,092,220.84. 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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