Robeco Institutional Asset Management B.V. increased its stake in Intel Corp. (NASDAQ:INTC) by 0.0% during the second quarter, Holdings Channel reports. The fund owned 3,237,586 shares of the chip maker’s stock after buying an additional 748 shares during the period. Intel Corp. makes up approximately 0.8% of Robeco Institutional Asset Management B.V.’s holdings, making the stock its 20th largest position. Robeco Institutional Asset Management B.V.’s holdings in Intel Corp. were worth $106,194,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the company. PGGM Investments raised its stake in Intel Corp. by 1.0% in the first quarter. PGGM Investments now owns 4,711,900 shares of the chip maker’s stock valued at $152,430,000 after buying an additional 48,411 shares in the last quarter. Headinvest LLC raised its stake in Intel Corp. by 2.3% in the first quarter. Headinvest LLC now owns 10,397 shares of the chip maker’s stock valued at $336,000 after buying an additional 231 shares in the last quarter. Watch Point Trust Co raised its stake 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 valued at $2,910,000 after buying an additional 8,347 shares in the last quarter. Stokes & Hubbell Capital Management LLC raised its stake 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 valued at $2,044,000 after buying an additional 4,194 shares in the last quarter. Finally, Moreno Evelyn V raised its stake in Intel Corp. by 7.4% in the first quarter. Moreno Evelyn V now owns 160,512 shares of the chip maker’s stock valued at $5,192,000 after buying an additional 11,064 shares in the last quarter. Institutional investors and hedge funds own 64.77% of the company’s stock.
Intel Corp. (NASDAQ:INTC) traded up 1.30% during trading on Friday, reaching $37.45. 19,123,944 shares of the company were exchanged. The stock has a market capitalization of $177.18 billion, a P/E ratio of 18.16 and a beta of 1.09. Intel Corp. has a 1-year low of $27.68 and a 1-year high of $38.36. The company’s 50-day moving average price is $36.86 and its 200-day moving average price is $33.65.
Intel Corp. (NASDAQ:INTC) last released its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.06. The company earned $13.50 billion during 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 quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 EPS. On average, equities analysts forecast 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. Shareholders of record on Monday, November 7th will be given a $0.26 dividend. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 annualized dividend and a yield of 2.78%. Intel Corp.’s dividend payout ratio (DPR) is 50.24%.
Several research firms have issued reports 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 price objective on shares of Intel Corp. in a research note on Thursday, July 21st. Sanford C. Bernstein set a $35.00 price objective on Intel Corp. and gave the company a “neutral” rating in a research note on Friday. Robert W. Baird upped their price objective on Intel Corp. from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, September 6th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $35.00 target price (up previously from $31.00) on shares of Intel Corp. in a research note on Thursday, June 30th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-two have issued a buy rating to the company’s stock. Intel Corp. presently has an average rating of “Buy” and a consensus price target of $39.73.
In other Intel Corp. news, Chairman Andy D. Bryant sold 445,095 shares of the business’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $34.69, for a total value of $15,440,345.55. Following the completion of the sale, the chairman now directly owns 399,557 shares of the company’s stock, valued at approximately $13,860,632.33. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Stacy J. Smith sold 29,497 shares of the business’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $34.47, for a total transaction of $1,016,761.59. Following the completion of the sale, the chief financial officer now directly owns 263,772 shares of the company’s stock, valued at $9,092,220.84. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.
About Intel Corp.
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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