GFS Advisors LLC Acquires 9,635 Shares of Intel Corporation (INTC)
GFS Advisors LLC raised its position in Intel Corporation (NASDAQ:INTC) by 9.2% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 114,035 shares of the chip maker’s stock after buying an additional 9,635 shares during the period. Intel Corporation makes up 0.8% of GFS Advisors LLC’s holdings, making the stock its 29th largest position. GFS Advisors LLC’s holdings in Intel Corporation were worth $4,114,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in INTC. Fisher Asset Management LLC boosted its stake in shares of Intel Corporation by 1.0% in the first quarter. Fisher Asset Management LLC now owns 20,167,657 shares of the chip maker’s stock worth $727,447,000 after buying an additional 207,118 shares during the period. Russell Investments Group Ltd. boosted its stake in 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 worth $327,403,000 after buying an additional 68,534 shares during the last quarter. DnB Asset Management AS boosted its stake in Intel Corporation by 654.3% in the first quarter. DnB Asset Management AS now owns 5,433,478 shares of the chip maker’s stock worth $195,986,000 after buying an additional 4,713,168 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in Intel Corporation by 2.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 4,652,023 shares of the chip maker’s stock worth $167,799,000 after buying an additional 115,540 shares during the last quarter. Finally, National Pension Service boosted its stake in Intel Corporation by 5.3% in the first quarter. National Pension Service now owns 3,273,789 shares of the chip maker’s stock worth $117,038,000 after buying an additional 164,158 shares during the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.
Shares of Intel Corporation (INTC) traded down 0.03% during midday trading on Monday, reaching $34.66. 2,979,576 shares of the company were exchanged. The firm has a 50-day moving average of $35.18 and a 200 day moving average of $35.58. The firm has a market capitalization of $162.87 billion, a P/E ratio of 13.23 and a beta of 1.01. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $38.45.
Intel Corporation (NASDAQ:INTC) last issued its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The business had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $14.39 billion. During the same quarter in the previous year, the business earned $0.59 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities research analysts expect that Intel Corporation will post $3.01 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be issued a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Thursday, August 3rd. Intel Corporation’s payout ratio is currently 41.76%.
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A number of equities research analysts have recently commented on the stock. BidaskClub cut shares of Intel Corporation from a “hold” rating to a “sell” rating in a report on Friday. Vetr upgraded shares of Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $41.56 price target on the stock in a report on Thursday. Royal Bank Of Canada reiterated a “sell” rating on shares of Intel Corporation in a report on Thursday. Argus reiterated a “buy” rating and set a $45.00 price target on shares of Intel Corporation in a report on Wednesday, August 23rd. Finally, Rosenblatt Securities reiterated a “sell” rating on shares of Intel Corporation in a report on Wednesday, August 23rd. Seven analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $40.58.
In related news, CFO Robert Holmes Swan purchased 13,888 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was purchased at an average price of $36.31 per share, for a total transaction of $504,273.28. Following the acquisition, the chief financial officer now directly owns 8,774 shares in the company, valued at $318,583.94. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 13,996 shares of the company’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 value of $496,438.12. Following the completion of the transaction, the insider now owns 1,536 shares of the company’s stock, valued at approximately $54,481.92. The disclosure for this sale can be found here. Insiders have sold a total of 91,921 shares of company stock valued at $3,130,162 in the last quarter. Company insiders own 0.08% of the company’s stock.
About Intel Corporation
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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