Hartford Financial Management Inc. Has $3,124,000 Stake in Intel Corp. (INTC)
Hartford Financial Management Inc. decreased its position in Intel Corp. (NASDAQ:INTC) by 1.1% during the second quarter, Holdings Channel reports. The fund owned 95,273 shares of the chip maker’s stock after selling 1,100 shares during the period. Intel Corp. makes up approximately 1.9% of Hartford Financial Management Inc.’s holdings, making the stock its 13th largest position. Hartford Financial Management Inc.’s holdings in Intel Corp. were worth $3,124,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in the company. James Investment Research Inc. increased its stake in shares of Intel Corp. by 12.8% in the second quarter. James Investment Research Inc. now owns 661,825 shares of the chip maker’s stock worth $21,708,000 after buying an additional 75,124 shares during the last quarter. Park National Corp OH increased its stake in shares of Intel Corp. by 2.7% in the second quarter. Park National Corp OH now owns 813,717 shares of the chip maker’s stock worth $26,689,000 after buying an additional 21,481 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in shares of Intel Corp. during the first quarter worth about $132,302,000. Svenska Handelsbanken AB publ purchased a new stake in shares of Intel Corp. during the second quarter worth about $44,489,000. Finally, Alpine Investment Management LLC increased its stake in shares of Intel Corp. by 5.6% in the first quarter. Alpine Investment Management LLC now owns 3,541,188 shares of the chip maker’s stock worth $114,557,000 after buying an additional 188,067 shares during the last quarter. Hedge funds and other institutional investors own 64.77% of the company’s stock.
Intel Corp. (NASDAQ:INTC) traded up 3.04% during midday trading on Friday, hitting $37.67. The company had a trading volume of 74,577,899 shares. The stock has a 50 day moving average price of $35.26 and a 200-day moving average price of $32.70. The stock has a market capitalization of $178.22 billion, a PE ratio of 18.27 and a beta of 0.93. Intel Corp. has a 52 week low of $27.68 and a 52 week high of $38.05.
Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.06. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The company earned $13.50 billion during the quarter, compared to analysts’ expectations of $13.54 billion. During the same quarter in the previous year, the business earned $0.55 EPS. Intel Corp.’s revenue was up 2.6% compared to the same quarter last year. On average, equities analysts predict that Intel Corp. will post $2.54 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s payout ratio is currently 50.24%.
A number of research firms have recently weighed in on INTC. Vetr downgraded shares of Intel Corp. from a “hold” rating to a “sell” rating and set a $34.32 price target on the stock. in a research note on Monday, August 29th. Wells Fargo & Co. restated a “buy” rating on shares of Intel Corp. in a research note on Sunday, September 4th. Morgan Stanley restated an “underweight” rating and issued a $31.00 price target on shares of Intel Corp. in a research note on Wednesday. Canaccord Genuity restated a “buy” rating and issued a $40.00 price target on shares of Intel Corp. in a research note on Tuesday, August 23rd. Finally, Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Intel Corp. in a research note on Friday, August 19th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirty have assigned a buy rating to the company’s stock. Intel Corp. has an average rating of “Buy” and a consensus price target of $37.84.
In related news, VP Gregory R. Pearson sold 250,192 shares of the business’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $36.50, for a total transaction of $9,132,008.00. Following the completion of the transaction, the vice president now owns 92,826 shares in the company, valued at approximately $3,388,149. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Gregory R. Pearson sold 1,506 shares of the business’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $34.46, for a total value of $51,896.76. Following the transaction, the vice president now owns 84,505 shares of the company’s stock, valued at approximately $2,912,042.30. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.
Intel Corp. Company Profile
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.
Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corp. (NASDAQ:INTC).
Receive News & Ratings for Intel Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.