Everett Harris & Co. CA increased its position in Intel Co. (NASDAQ:INTC) by 29.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 70,489 shares of the chip maker’s stock after buying an additional 15,958 shares during the period. Everett Harris & Co. CA’s holdings in Intel were worth $4,217,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Intel by 2.9% during the first quarter. BlackRock Inc. now owns 311,391,281 shares of the chip maker’s stock worth $16,852,495,000 after acquiring an additional 8,659,315 shares during the last quarter. Geode Capital Management LLC increased its holdings in Intel by 4.1% in the 1st quarter. Geode Capital Management LLC now owns 71,885,174 shares of the chip maker’s stock valued at $3,884,421,000 after acquiring an additional 2,854,177 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Intel by 7.1% in the 1st quarter. Bank of New York Mellon Corp now owns 40,788,450 shares of the chip maker’s stock worth $2,207,470,000 after purchasing an additional 2,709,735 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Intel by 45.2% during the 1st quarter. Nuveen Asset Management LLC now owns 39,226,298 shares of the chip maker’s stock valued at $2,122,927,000 after purchasing an additional 12,217,997 shares during the last quarter. Finally, Morgan Stanley grew its position in shares of Intel by 3.8% during the first quarter. Morgan Stanley now owns 30,413,363 shares of the chip maker’s stock valued at $1,645,971,000 after purchasing an additional 1,108,810 shares in the last quarter. 64.95% of the stock is owned by institutional investors.
In related news, CEO Robert Holmes Swan purchased 8,021 shares of the company’s stock in a transaction on Friday, July 24th. The stock was acquired at an average cost of $50.00 per share, for a total transaction of $401,050.00. Following the completion of the transaction, the chief executive officer now directly owns 293,594 shares in the company, valued at $14,679,700. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Navin Shenoy sold 2,847 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $48.18, for a total transaction of $137,168.46. Following the completion of the sale, the executive vice president now directly owns 71,807 shares in the company, valued at $3,459,661.26. The disclosure for this sale can be found here. 0.04% of the stock is owned by insiders.
Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 23rd. The chip maker reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.12. The business had revenue of $19.73 billion during the quarter, compared to the consensus estimate of $18.54 billion. Intel had a net margin of 29.97% and a return on equity of 31.55%. During the same quarter last year, the firm earned $1.06 EPS. As a group, sell-side analysts predict that Intel Co. will post 4.85 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.32 annualized dividend and a yield of 2.77%. Intel’s dividend payout ratio (DPR) is 27.10%.
A number of equities research analysts recently commented on INTC shares. Cowen decreased their target price on Intel from $64.00 to $60.00 and set a “market perform” rating on the stock in a research report on Friday, April 24th. BMO Capital Markets cut their target price on shares of Intel from $55.00 to $50.00 and set a “market perform” rating for the company in a report on Friday, July 24th. BidaskClub cut shares of Intel from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Robert W. Baird reiterated a “buy” rating and set a $85.00 price objective on shares of Intel in a research report on Friday, April 24th. Finally, Deutsche Bank downgraded shares of Intel from a “buy” rating to a “hold” rating and reduced their target price for the stock from $70.00 to $60.00 in a report on Friday, July 24th. They noted that the move was a valuation call. Twelve analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $61.67.
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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