IMS Capital Management increased its holdings in Intel Corporation (NASDAQ:INTC) by 0.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 68,062 shares of the chip maker’s stock after purchasing an additional 155 shares during the period. Intel Corporation makes up about 2.2% of IMS Capital Management’s investment portfolio, making the stock its 3rd largest position. IMS Capital Management’s holdings in Intel Corporation were worth $2,296,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Watermark Asset Management Inc. bought a new stake in Intel Corporation in the first quarter worth $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in Intel Corporation by 53.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after purchasing an additional 1,400 shares during the last quarter. Orrstown Financial Services Inc. increased its position in Intel Corporation by 23.0% in the second quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock worth $155,000 after purchasing an additional 857 shares during the last quarter. Winfield Associates Inc. increased its position in Intel Corporation by 6.0% in the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after purchasing an additional 265 shares during the last quarter. Finally, Vigilant Capital Management LLC boosted its stake in Intel Corporation by 22.6% during the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after buying an additional 805 shares during the period. Institutional investors own 67.38% of the company’s stock.
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In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total transaction of $66,543.52. Following the completion of the transaction, the insider now directly owns 1,536 shares in the company, valued at approximately $71,777.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 61,860 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $38.74, for a total value of $2,396,456.40. Following the transaction, the chief executive officer now owns 543,948 shares of the company’s stock, valued at $21,072,545.52. The disclosure for this sale can be found here. Insiders sold a total of 659,036 shares of company stock valued at $28,872,880 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.
Several research firms have commented on INTC. Jefferies Group LLC reaffirmed an “underperform” rating and set a $30.00 price objective (up from $29.00) on shares of Intel Corporation in a research note on Friday, July 28th. They noted that the move was a valuation call. Sanford C. Bernstein set a $30.00 price objective on shares of Intel Corporation and gave the stock a “sell” rating in a research note on Tuesday, August 15th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $40.00 price objective (up from $37.00) on shares of Intel Corporation in a research note on Friday, October 6th. KeyCorp reaffirmed a “buy” rating and set a $50.00 price objective on shares of Intel Corporation in a research note on Friday, October 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 price objective on shares of Intel Corporation in a research note on Friday, October 27th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Intel Corporation presently has a consensus rating of “Buy” and a consensus price target of $43.00.
Shares of Intel Corporation (INTC) opened at $45.58 on Friday. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $47.30. The stock has a market capitalization of $213,314.41, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 1.67 and a beta of 1.09. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39.
Intel Corporation (NASDAQ:INTC) last issued its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. Intel Corporation had a return on equity of 22.65% and a net margin of 22.31%. The business had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $15.73 billion. During the same period last year, the company earned $0.80 EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. sell-side analysts anticipate that Intel Corporation will post 3.25 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be paid a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, November 6th. Intel Corporation’s dividend payout ratio (DPR) is presently 38.11%.
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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