Northwest Investment Counselors LLC boosted its position in shares of Intel Corp. (NASDAQ:INTC) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,097 shares of the chip maker’s stock after buying an additional 884 shares during the period. Northwest Investment Counselors LLC’s holdings in Intel Corp. were worth $1,774,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in INTC. Moreno Evelyn V boosted its position in Intel Corp. by 7.4% in the first quarter. Moreno Evelyn V now owns 160,512 shares of the chip maker’s stock worth $5,192,000 after buying an additional 11,064 shares during the last quarter. Stokes & Hubbell Capital Management LLC boosted its position in Intel Corp. by 7.1% in the first quarter. Stokes & Hubbell Capital Management LLC now owns 63,191 shares of the chip maker’s stock worth $2,044,000 after buying an additional 4,194 shares during the last quarter. Watch Point Trust Co boosted its position in Intel Corp. by 10.2% in the first quarter. Watch Point Trust Co now owns 89,950 shares of the chip maker’s stock worth $2,910,000 after buying an additional 8,347 shares during the last quarter. Headinvest LLC boosted its position in Intel Corp. by 2.3% in the first quarter. Headinvest LLC now owns 10,397 shares of the chip maker’s stock worth $336,000 after buying an additional 231 shares during the last quarter. Finally, PGGM Investments boosted its position in Intel Corp. by 1.0% in the first quarter. PGGM Investments now owns 4,711,900 shares of the chip maker’s stock worth $152,430,000 after buying an additional 48,411 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.
Intel Corp. (NASDAQ:INTC) traded down 0.43% on Monday, hitting $37.29. The stock had a trading volume of 15,788,142 shares. The firm has a market cap of $176.42 billion, a P/E ratio of 18.08 and a beta of 1.09. The firm’s 50-day moving average price is $36.91 and its 200-day moving average price is $33.70. 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 earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, beating the 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 firm earned $13.50 billion during the quarter, compared to the consensus estimate of $13.54 billion. During the same quarter in the prior year, the company earned $0.55 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities research analysts predict that Intel Corp. will post $2.58 earnings per share for the current 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 paid 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 yield of 2.79%. Intel Corp.’s payout ratio is 50.24%.
INTC has been the topic of a number of recent analyst reports. B. Riley reaffirmed a “buy” rating and issued a $42.00 target price on shares of Intel Corp. in a research report on Wednesday, August 17th. Robert W. Baird increased their price target on shares of Intel Corp. from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, September 19th. Brean Capital reissued a “buy” rating and set a $40.00 price target (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 price target on the stock in a research report on Monday, September 26th. Finally, Citigroup Inc. reissued a “neutral” rating and set a $35.00 price target on shares of Intel Corp. in a research report on Wednesday, August 17th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirty-two have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $39.73.
In other Intel Corp. news, CEO Brian M. Krzanich sold 67,508 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $37.71, for a total value of $2,545,726.68. Following the completion of the sale, the chief executive officer now owns 420,506 shares in the company, valued at approximately $15,857,281.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gregory R. Pearson sold 1,506 shares of the firm’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 completion of the sale, the vice president now owns 84,505 shares of the company’s stock, valued at approximately $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.
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