Barbara Oil Co. Has $2,868,000 Holdings in Intel Corporation (INTC)

Barbara Oil Co. continued to hold its position in Intel Corporation (NASDAQ:INTC) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,000 shares of the chip maker’s stock at the close of the second quarter. Intel makes up approximately 2.1% of Barbara Oil Co.’s investment portfolio, making the stock its 13th largest position. Barbara Oil Co.’s holdings in Intel were worth $2,868,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Glenview Capital Management LLC acquired a new position in Intel in the 1st quarter valued at about $177,881,000. DnB Asset Management AS boosted its holdings in Intel by 72.2% in the 2nd quarter. DnB Asset Management AS now owns 9,355,948 shares of the chip maker’s stock valued at $315,670,000 after purchasing an additional 3,922,470 shares during the last quarter. Delta Lloyd Asset Management N.V. acquired a new position in Intel in the 2nd quarter valued at about $31,861,000. Gotham Asset Management LLC boosted its holdings in Intel by 112.1% in the 1st quarter. Gotham Asset Management LLC now owns 1,741,166 shares of the chip maker’s stock valued at $62,804,000 after purchasing an additional 920,285 shares during the last quarter. Finally, Hamlin Capital Management LLC boosted its holdings in Intel by 64.3% in the 2nd quarter. Hamlin Capital Management LLC now owns 2,257,617 shares of the chip maker’s stock valued at $76,172,000 after purchasing an additional 883,525 shares during the last quarter. 67.69% of the stock is owned by institutional investors.

Shares of Intel Corporation (INTC) opened at $43.45 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $47.30. The stock has a market cap of $203,299.19, a P/E ratio of 13.66, a P/E/G ratio of 1.59 and a beta of 1.06.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.21. Intel had a net margin of 22.31% and a return on equity of 22.65%. The business had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $15.73 billion. During the same period last year, the company earned $0.80 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. analysts anticipate that Intel Corporation will post 3.25 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th were given a dividend of $0.2725 per share. The ex-dividend date was Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a yield of 2.51%. Intel’s dividend payout ratio (DPR) is 38.11%.

A number of equities research analysts have recently issued reports on INTC shares. BidaskClub downgraded shares of Intel from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Wells Fargo & Company reissued an “outperform” rating and issued a $50.00 price target (up from $45.00) on shares of Intel in a research note on Friday, October 27th. SunTrust Banks reissued a “hold” rating and issued a $43.00 price target (up from $39.00) on shares of Intel in a research note on Friday, October 27th. Rosenblatt Securities reaffirmed a “sell” rating on shares of Intel in a research note on Wednesday, August 23rd. Finally, Zacks Investment Research downgraded shares of Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $43.68.

In other news, CEO Brian M. Krzanich sold 61,860 shares of Intel stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the sale, the chief executive officer now owns 543,948 shares in the company, valued at $21,072,545.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stacy J. Smith sold 472,337 shares of Intel stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the sale, the insider now owns 265,298 shares in the company, valued at approximately $11,734,130.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,548,914 shares of company stock worth $68,196,589. 0.08% of the stock is currently owned by corporate insiders.

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About Intel

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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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