Guild Investment Management Inc. bought a new position in Intel Corporation (NASDAQ:INTC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 87,250 shares of the chip maker’s stock, valued at approximately $3,147,000. Intel Corporation comprises 3.1% of Guild Investment Management Inc.’s holdings, making the stock its 13th largest position.
Several other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of Intel Corporation by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 48,281,810 shares of the chip maker’s stock worth $1,751,339,000 after buying an additional 1,049,817 shares during the last quarter. Norges Bank bought a new position in Intel Corporation during the fourth quarter worth $1,684,790,000. LSV Asset Management increased its position in Intel Corporation by 0.9% in the third quarter. LSV Asset Management now owns 23,498,805 shares of the chip maker’s stock worth $887,079,000 after buying an additional 213,200 shares in the last quarter. AQR Capital Management LLC increased its position in Intel Corporation by 0.3% in the fourth quarter. AQR Capital Management LLC now owns 12,245,831 shares of the chip maker’s stock worth $444,156,000 after buying an additional 32,040 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Intel Corporation by 4.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,735,473 shares of the chip maker’s stock worth $389,376,000 after buying an additional 417,669 shares in the last quarter. Institutional investors own 68.14% of the company’s stock.
Intel Corporation (INTC) traded up 0.85% during midday trading on Monday, hitting $35.51. The stock had a trading volume of 21,582,680 shares. Intel Corporation has a one year low of $30.44 and a one year high of $38.45. The firm has a market cap of $167.22 billion, a PE ratio of 15.37 and a beta of 0.98. The stock has a 50-day moving average price of $36.03 and a 200 day moving average price of $36.11.
Intel Corporation (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 27th. The chip maker reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.01. The business had revenue of $14.80 billion during the quarter, compared to analyst estimates of $14.80 billion. Intel Corporation had a return on equity of 21.48% and a net margin of 18.57%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 EPS. On average, analysts predict that Intel Corporation will post $2.86 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Sunday, May 7th were paid a dividend of $0.2725 per share. The ex-dividend date of this dividend was Wednesday, May 3rd. This represents a $1.09 annualized dividend and a yield of 3.07%. This is an increase from Intel Corporation’s previous quarterly dividend of $0.26. Intel Corporation’s payout ratio is presently 47.39%.
INTC has been the topic of several recent analyst reports. BidaskClub cut shares of Intel Corporation from a “buy” rating to a “hold” rating in a research note on Friday. Raymond James Financial, Inc. restated an “underperform” rating on shares of Intel Corporation in a research report on Friday. Vetr raised shares of Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $40.45 target price on the stock in a report on Monday, June 12th. Zacks Investment Research raised shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Wednesday, June 7th. Finally, Jefferies Group LLC set a $38.00 price target on shares of Intel Corporation and gave the stock a “hold” rating in a report on Saturday, June 3rd. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. Intel Corporation currently has a consensus rating of “Buy” and an average target price of $40.42.
In other news, CFO Robert Holmes Swan bought 13,888 shares of the stock in a transaction on Monday, June 5th. The shares were purchased at an average price of $36.31 per share, for a total transaction of $504,273.28. Following the completion of the purchase, the chief financial officer now directly owns 8,774 shares of the company’s stock, valued at approximately $318,583.94. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Stacy J. Smith sold 29,497 shares of the business’s stock in a transaction dated Friday, April 21st. The shares were sold at an average price of $36.28, for a total value of $1,070,151.16. Following the completion of the transaction, the insider now owns 318,654 shares in the company, valued at approximately $11,560,767.12. The disclosure for this sale can be found here. Insiders sold a total of 47,821 shares of company stock worth $1,734,851 in the last three months. Company 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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