Gilbert & Cook Inc. Raises Position in Intel Corporation (INTC)
Gilbert & Cook Inc. boosted its position in shares of Intel Corporation (NASDAQ:INTC) by 5.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,421 shares of the chip maker’s stock after buying an additional 311 shares during the period. Gilbert & Cook Inc.’s holdings in Intel Corporation were worth $232,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Intel Corporation during the fourth quarter worth $1,684,790,000. Schwab Charles Investment Management Inc. increased its stake in shares of Intel Corporation by 3.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 23,861,041 shares of the chip maker’s stock worth $860,668,000 after buying an additional 764,551 shares during the last quarter. Fisher Asset Management LLC increased 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 last quarter. Sanders Capital LLC increased its stake 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 worth $545,383,000 after buying an additional 316,800 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake 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 worth $327,403,000 after buying an additional 68,534 shares during the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.
Intel Corporation (NASDAQ INTC) traded down 0.77% during mid-day trading on Tuesday, hitting $36.06. The stock had a trading volume of 6,399,987 shares. Intel Corporation has a one year low of $33.23 and a one year high of $38.45. The stock has a market cap of $169.45 billion, a P/E ratio of 13.76 and a beta of 1.01. The company has a 50 day moving average price of $34.90 and a 200 day moving average price of $35.68.
Intel Corporation (NASDAQ:INTC) last issued its quarterly 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 business had revenue of $14.76 billion for the quarter, compared to analysts’ expectations of $14.39 billion. During the same quarter last year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities analysts anticipate that Intel Corporation will post $3.01 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be given a dividend of $0.2725 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.09 annualized dividend and a dividend yield of 3.00%. Intel Corporation’s payout ratio is 41.76%.
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A number of analysts have recently commented on the company. Jefferies Group LLC restated an “underperform” rating and issued a $30.00 target price (up previously from $29.00) on shares of Intel Corporation in a research note on Friday, July 28th. They noted that the move was a valuation call. Sanford C. Bernstein set a $30.00 target price on Intel Corporation and gave the stock a “sell” rating in a research note on Tuesday. Hilliard Lyons assumed coverage on Intel Corporation in a research note on Wednesday, July 12th. They issued 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 Intel Corporation and gave the stock a “hold” rating in a research note on Friday, July 28th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $40.55.
In related news, CEO Brian M. Krzanich sold 72,173 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the sale, the chief executive officer now owns 534,746 shares in the company, valued at $18,015,592.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Robert Holmes Swan acquired 13,888 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were acquired at an average price of $36.31 per share, for a total transaction of $504,273.28. Following the purchase, the chief financial officer now owns 8,774 shares of the company’s stock, valued at $318,583.94. The disclosure for this purchase can be found here. Insiders have sold 91,921 shares of company stock worth $3,130,162 in the last ninety days. Corporate 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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