Herald Investment Management Ltd held its stake in Intel Corporation (NASDAQ:INTC) during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 38,000 shares of the chip maker’s stock at the close of the 1st quarter. Herald Investment Management Ltd’s holdings in Intel Corporation were worth $1,370,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in INTC. Orrstown Financial Services Inc. increased its position in Intel Corporation by 96.6% during the 1st quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock valued at $134,000 after purchasing an additional 1,830 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in Intel Corporation by 53.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock valued at $146,000 after purchasing an additional 1,400 shares during the period. Vigilant Capital Management LLC increased its position in Intel Corporation by 22.6% during the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after purchasing an additional 805 shares during the period. ARP Americas LLC purchased a new stake in shares of Intel Corporation in the 1st quarter worth about $202,000. Finally, Vision Capital Management Inc. purchased a new stake in shares of Intel Corporation in the 1st quarter worth about $202,000. Hedge funds and other institutional investors own 67.09% of the company’s stock.
Intel Corporation (NASDAQ:INTC) traded up 0.9866% during trading on Friday, reaching $36.8399. The company had a trading volume of 16,298,249 shares. The firm’s 50 day moving average is $35.59 and its 200-day moving average is $35.52. The company has a market capitalization of $173.11 billion, a P/E ratio of 14.0610 and a beta of 1.02. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $38.45.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.04. The business had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 earnings per share. On average, equities analysts expect that Intel Corporation will post $3.01 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be given a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 2.99%. Intel Corporation’s dividend payout ratio (DPR) is presently 41.76%.
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Several analysts recently commented on the stock. Jefferies Group LLC reissued an “underperform” rating and set a $30.00 price objective (up from $29.00) on shares of Intel Corporation in a research report 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 company a “sell” rating in a research report on Tuesday, August 15th. Hilliard Lyons assumed coverage on shares of Intel Corporation in a research note on Wednesday, July 12th. They set a “buy” rating and a $41.00 target price on the stock. Canaccord Genuity restated a “hold” rating on shares of Intel Corporation in a research note on Saturday, June 3rd. Finally, Northland Securities set a $40.00 target price on shares of Intel Corporation and gave the company a “hold” rating in a research note on Friday, July 28th. Six equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $40.60.
In other Intel Corporation news, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $36.40, for a total transaction of $51,833.60. Following the completion of the sale, the insider now owns 1,536 shares of the company’s stock, valued at $55,910.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 13,996 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $35.47, for a total value of $496,438.12. Following the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $54,481.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 91,921 shares of company stock valued at $3,130,162. 0.08% of the stock is owned by company insiders.
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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