QV Investors Inc. increased its stake in Intel Corp. (NASDAQ:INTC) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 683,525 shares of the chip maker’s stock after buying an additional 30,075 shares during the period. Intel Corp. accounts for approximately 2.8% of QV Investors Inc.’s investment portfolio, making the stock its 19th largest position. QV Investors Inc.’s holdings in Intel Corp. were worth $22,420,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Carnick & Kubik LLC acquired a new position in shares of Intel Corp. during the first quarter valued at about $100,000. Proficio Capital Partners LLC raised its position in shares of Intel Corp. by 143.0% in the second quarter. Proficio Capital Partners LLC now owns 3,395 shares of the chip maker’s stock valued at $118,000 after buying an additional 1,998 shares during the period. Financial Management Professionals Inc. raised its position in shares of Intel Corp. by 18.7% in the second quarter. Financial Management Professionals Inc. now owns 3,960 shares of the chip maker’s stock valued at $129,000 after buying an additional 625 shares during the period. Parasol Investment Management LLC raised its position in shares of Intel Corp. by 34.3% in the second quarter. Parasol Investment Management LLC now owns 3,990 shares of the chip maker’s stock valued at $131,000 after buying an additional 1,020 shares during the period. Finally, American National Bank raised its position in shares of Intel Corp. by 103.2% in the second quarter. American National Bank now owns 4,459 shares of the chip maker’s stock valued at $146,000 after buying an additional 2,265 shares during the period. Institutional investors own 64.82% of the company’s stock.
Shares of Intel Corp. (NASDAQ:INTC) traded down 5.046% during trading on Wednesday, reaching $35.845. 14,685,154 shares of the company traded hands. Intel Corp. has a 12 month low of $27.68 and a 12 month high of $38.36. The firm has a 50-day moving average price of $36.98 and a 200-day moving average price of $33.74. The firm has a market capitalization of $169.58 billion, a PE ratio of 17.384 and a beta of 1.09.
Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings data on Tuesday, October 18th. The chip maker reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.08. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The company earned $15.78 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same quarter last year, the firm posted $0.64 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities research analysts anticipate that Intel Corp. will post $2.58 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 annualized dividend and a dividend yield of 2.75%. Intel Corp.’s dividend payout ratio (DPR) is 50.24%.
Several research analysts have issued reports on the company. Citigroup Inc. restated a “neutral” rating and set a $35.00 target price (up previously from $31.00) on shares of Intel Corp. in a research report on Thursday, June 30th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Intel Corp. in a research note on Thursday, July 21st. BNP Paribas set a $37.00 price target on shares of Intel Corp. and gave the company a “neutral” rating in a research note on Friday, July 22nd. Argus reaffirmed a “buy” rating and set a $41.00 price target on shares of Intel Corp. in a research note on Monday, July 25th. Finally, Vetr downgraded shares of Intel Corp. from a “strong-buy” rating to a “buy” rating and set a $41.20 price target for the company. in a research note on Wednesday, October 12th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirty-four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $39.88.
In other Intel Corp. news, VP Gregory R. Pearson sold 1,866 shares of the firm’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $34.68, for a total value of $64,712.88. Following the completion of the transaction, the vice president now directly owns 86,635 shares in the company, valued at $3,004,501.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Gregory R. Pearson sold 1,506 shares of the firm’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $34.46, for a total transaction of $51,896.76. Following the completion of the transaction, the vice president now owns 84,505 shares of the company’s stock, 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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