Strs Ohio lowered its position in Intel Corporation (NASDAQ:INTC) by 2.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,454,369 shares of the chip maker’s stock after selling 69,584 shares during the period. Strs Ohio owned 0.07% of Intel Corporation worth $124,599,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. Cordasco Financial Network raised its stake in shares of Intel Corporation by 0.7% in the first quarter. Cordasco Financial Network now owns 5,699 shares of the chip maker’s stock worth $206,000 after buying an additional 38 shares during the period. First Hawaiian Bank raised its stake in shares of Intel Corporation by 0.9% in the first quarter. First Hawaiian Bank now owns 5,769 shares of the chip maker’s stock worth $208,000 after buying an additional 50 shares during the period. First Command Financial Services Inc. raised its stake in shares of Intel Corporation by 0.4% in the first quarter. First Command Financial Services Inc. now owns 12,607 shares of the chip maker’s stock worth $455,000 after buying an additional 51 shares during the period. Lederer & Associates Investment Counsel CA raised its stake in shares of Intel Corporation by 0.9% in the first quarter. Lederer & Associates Investment Counsel CA now owns 9,345 shares of the chip maker’s stock worth $337,000 after buying an additional 80 shares during the period. Finally, Evanson Asset Management LLC raised its stake in shares of Intel Corporation by 0.5% in the first quarter. Evanson Asset Management LLC now owns 15,397 shares of the chip maker’s stock worth $555,000 after buying an additional 83 shares during the period. 67.50% of the stock is owned by institutional investors and hedge funds.
Shares of Intel Corporation (NASDAQ INTC) opened at 36.41 on Wednesday. The firm has a market capitalization of $171.09 billion, a PE ratio of 13.90 and a beta of 1.01. The firm has a 50-day moving average price of $34.64 and a 200-day moving average price of $35.74. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $38.45.
Intel Corporation (NASDAQ:INTC) last posted its earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, topping 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 firm had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $14.39 billion. During the same quarter in the prior year, the firm earned $0.59 EPS. Intel Corporation’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts forecast that Intel Corporation will post $3.01 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be issued a $0.2725 dividend. This represents a $1.09 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Thursday, August 3rd. Intel Corporation’s dividend payout ratio (DPR) is presently 41.76%.
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A number of equities research analysts have weighed in on the company. B. Riley reaffirmed a “buy” rating and set a $44.00 target price on shares of Intel Corporation in a research report on Friday, April 28th. Vetr raised Intel Corporation from a “sell” rating to a “hold” rating and set a $35.44 price target for the company in a research report on Monday, May 1st. Jefferies Group LLC set a $38.00 price target on Intel Corporation and gave the stock a “hold” rating in a research report on Saturday, June 3rd. Wells Fargo & Company reissued an “outperform” rating and issued a $45.00 price target on shares of Intel Corporation in a research report on Wednesday, April 19th. Finally, Cowen and Company reissued a “market perform” rating and issued a $39.00 price target on shares of Intel Corporation in a research report on Friday, April 28th. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.55.
In other news, CEO Brian M. Krzanich sold 72,173 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $33.69, for a total value of $2,431,508.37. Following the completion of the transaction, the chief executive officer now directly owns 534,746 shares in the company, valued at $18,015,592.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Venkata S. M. Renduchintala sold 13,996 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $35.47, for a total transaction of $496,438.12. Following the sale, the insider now owns 1,536 shares of the company’s stock, valued at $54,481.92. The disclosure for this sale can be found here. Insiders sold 90,497 shares of company stock valued at $3,078,329 over the last quarter. 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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