Gulf International Bank UK Ltd raised its stake in Intel Corporation (NASDAQ:INTC) by 0.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 1,482,837 shares of the chip maker’s stock after buying an additional 2,100 shares during the period. Intel Corporation accounts for about 0.7% of Gulf International Bank UK Ltd’s portfolio, making the stock its 28th largest position. Gulf International Bank UK Ltd’s holdings in Intel Corporation were worth $50,030,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of INTC. Beacon Financial Group boosted its stake in Intel Corporation by 5.7% in the first quarter. Beacon Financial Group now owns 27,575 shares of the chip maker’s stock valued at $985,000 after buying an additional 1,490 shares during the last quarter. TrueNorth Inc. boosted its stake in Intel Corporation by 4.1% in the fourth quarter. TrueNorth Inc. now owns 23,816 shares of the chip maker’s stock valued at $864,000 after buying an additional 944 shares during the last quarter. Wsfs Capital Management LLC acquired a new stake in Intel Corporation during the fourth quarter valued at about $280,000. Philadelphia Trust Co. boosted its stake in Intel Corporation by 849.0% in the fourth quarter. Philadelphia Trust Co. now owns 188,377 shares of the chip maker’s stock valued at $6,832,000 after buying an additional 168,527 shares during the last quarter. Finally, Searle & CO. acquired a new stake in Intel Corporation during the fourth quarter valued at about $3,184,000. 67.31% of the stock is currently owned by institutional investors.
Intel Corporation (NASDAQ INTC) traded down 0.157% during mid-day trading on Monday, reaching $34.955. 9,149,269 shares of the company were exchanged. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $38.45. The company has a 50 day moving average of $35.09 and a 200-day moving average of $35.65. The company has a market capitalization of $164.25 billion, a price-to-earnings ratio of 13.342 and a beta of 1.01.
Intel Corporation (NASDAQ:INTC) last posted its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. The company had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. Intel Corporation’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 EPS. On average, equities research analysts forecast that Intel Corporation will post $3.01 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 7th will be issued a $0.2725 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $1.09 annualized dividend and a yield of 3.11%. Intel Corporation’s payout ratio is 41.76%.
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Several research firms recently issued reports on INTC. B. Riley reissued a “buy” rating and issued a $44.00 target price on shares of Intel Corporation in a research note on Friday, April 28th. Jefferies Group LLC cut Intel Corporation to a “hold” rating and lifted their price objective for the company from $36.00 to $38.00 in a research report on Friday, April 28th. Sanford C. Bernstein reaffirmed a “sell” rating and set a $30.00 price objective on shares of Intel Corporation in a research report on Tuesday, May 2nd. Vetr cut Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.97 price objective on the stock. in a research report on Wednesday, August 2nd. Finally, BidaskClub raised Intel Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-seven have assigned a buy rating to the stock. Intel Corporation has an average rating of “Hold” and a consensus target price of $40.55.
In other news, CEO Brian M. Krzanich sold 72,173 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $33.69, for a total value of $2,431,508.37. Following the sale, the chief executive officer now directly owns 534,746 shares of the company’s stock, valued at approximately $18,015,592.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $36.40, for a total transaction of $51,833.60. Following the completion of the sale, the insider now directly owns 1,536 shares in the company, valued at $55,910.40. The disclosure for this sale can be found here. Insiders sold a total of 91,921 shares of company stock worth $3,130,162 over the last quarter. 0.09% of the stock is currently owned by company insiders.
Intel Corporation Company Profile
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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