James Investment Research Inc. boosted its holdings in shares of Intel Corporation (NASDAQ:INTC) by 35.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 890,299 shares of the chip maker’s stock after buying an additional 233,079 shares during the period. Intel Corporation makes up 0.9% of James Investment Research Inc.’s holdings, making the stock its 28th largest position. James Investment Research Inc.’s holdings in Intel Corporation were worth $30,039,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the stock. Schwab Charles Investment Management Inc. increased its position in Intel Corporation by 3.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 23,861,041 shares of the chip maker’s stock valued at $860,668,000 after buying an additional 764,551 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Intel Corporation by 3.1% in the second quarter. Fisher Asset Management LLC now owns 20,791,355 shares of the chip maker’s stock valued at $701,500,000 after purchasing an additional 623,698 shares during the period. Sanders Capital LLC increased its holdings in shares of Intel Corporation by 2.2% in the first quarter. Sanders Capital LLC now owns 14,736,874 shares of the chip maker’s stock valued at $545,383,000 after purchasing an additional 316,800 shares during the period. DnB Asset Management AS increased its holdings in shares of Intel Corporation by 72.2% in the second 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 period. Finally, Russell Investments Group Ltd. increased its holdings in shares of Intel Corporation by 0.8% in the first quarter. Russell Investments Group Ltd. now owns 9,075,156 shares of the chip maker’s stock valued at $327,403,000 after purchasing an additional 68,534 shares during the period. 67.02% of the stock is currently owned by institutional investors.
A number of research analysts have recently weighed in on the company. Goldman Sachs Group, Inc. (The) reissued a “hold” rating on shares of Intel Corporation in a report on Wednesday. Vetr raised Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $49.90 price objective on the stock in a report on Tuesday. Susquehanna Bancshares Inc raised their target price on Intel Corporation from $45.00 to $46.00 and gave the stock a “positive” rating in a report on Tuesday, October 10th. Mizuho reaffirmed a “buy” rating and set a $45.00 target price (up from $42.00) on shares of Intel Corporation in a report on Monday, October 9th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $40.00 target price (up from $37.00) on shares of Intel Corporation in a report on Friday, October 6th. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Intel Corporation has an average rating of “Hold” and an average price target of $40.91.
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 shares were sold at an average price of $36.40, for a total value of $51,833.60. Following the transaction, the insider now directly owns 1,536 shares in the company, valued at $55,910.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Diane M. Bryant sold 1,639 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $34.65, for a total transaction of $56,791.35. Following the completion of the transaction, the executive vice president now owns 114,542 shares in the company, valued at $3,968,880.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,608 shares of company stock worth $3,095,110. 0.08% of the stock is owned by company insiders.
Intel Corporation (INTC) traded up 1.03% during trading on Wednesday, reaching $40.20. The company’s stock had a trading volume of 10,526,488 shares. The stock has a market capitalization of $188.90 billion, a price-to-earnings ratio of 15.34 and a beta of 1.07. The firm has a 50 day moving average of $37.23 and a 200 day moving average of $35.94. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $40.22.
Intel Corporation (NASDAQ:INTC) last issued its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, beating the 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 business had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. During the same period in the previous year, the business earned $0.59 EPS. The firm’s revenue was up 9.1% on a year-over-year basis. Analysts expect that Intel Corporation will post $3.01 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be given a dividend of $0.2725 per share. The ex-dividend date is Monday, November 6th. This represents a $1.09 annualized dividend and a dividend yield of 2.74%. Intel Corporation’s dividend payout ratio (DPR) is currently 41.76%.
Intel Corporation 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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