Sii Investments Inc. WI raised its stake in shares of Intel Corporation (NASDAQ:INTC) by 6.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,036 shares of the chip maker’s stock after buying an additional 5,848 shares during the period. Sii Investments Inc. WI’s holdings in Intel Corporation were worth $3,608,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Sigma Planning Corp raised its stake in Intel Corporation by 0.5% in the first quarter. Sigma Planning Corp now owns 64,672 shares of the chip maker’s stock valued at $2,333,000 after buying an additional 335 shares during the last quarter. RB Capital Management LLC acquired a new stake in Intel Corporation during the fourth quarter valued at approximately $858,000. Assenagon Asset Management S.A. acquired a new stake in Intel Corporation during the fourth quarter valued at approximately $544,000. Wsfs Capital Management LLC acquired a new stake in Intel Corporation during the fourth quarter valued at approximately $280,000. Finally, Regentatlantic Capital LLC raised its stake in Intel Corporation by 10.9% in the first quarter. Regentatlantic Capital LLC now owns 495,518 shares of the chip maker’s stock valued at $17,873,000 after buying an additional 48,759 shares during the last quarter. 67.50% of the stock is currently owned by institutional investors.
Shares of Intel Corporation (NASDAQ INTC) traded down 0.540% during trading on Friday, reaching $35.945. 6,822,259 shares of the company’s stock were exchanged. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $38.45. The firm has a market capitalization of $168.91 billion, a PE ratio of 13.719 and a beta of 1.01. The company’s 50-day moving average price is $34.80 and its 200 day moving average price is $35.73.
Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The company had revenue of $14.76 billion during the quarter, compared to analyst estimates of $14.39 billion. During the same quarter last year, the firm posted $0.59 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts predict that Intel Corporation will post $3.01 EPS for the current fiscal 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. This represents a $1.09 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Thursday, August 3rd. Intel Corporation’s payout ratio is 41.76%.
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Several equities research analysts have commented on INTC shares. BidaskClub raised shares of Intel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Credit Suisse Group set a $35.00 price target on shares of Intel Corporation and gave the company a “hold” rating in a report on Saturday, July 29th. Macquarie reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Intel Corporation in a report on Friday, July 14th. Jefferies Group LLC downgraded shares of Intel Corporation from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $29.00 to $28.00 in a research report on Monday, July 10th. Finally, Wells Fargo & Company downgraded shares of Intel Corporation to a “market weight” rating in a research report on Monday, July 31st. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-seven have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $40.55.
In other news, CFO Robert Holmes Swan bought 13,888 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was bought at an average cost of $36.31 per share, for a total transaction of $504,273.28. Following the completion of the acquisition, the chief financial officer now directly owns 8,774 shares in the company, valued at approximately $318,583.94. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Brian M. Krzanich sold 72,173 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the completion of the transaction, the chief executive officer now owns 534,746 shares of the company’s stock, valued at $18,015,592.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 91,921 shares of company stock valued at $3,130,162. Corporate insiders own 0.09% of the company’s stock.
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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