Intel Corporation (INTC) Shares Bought by Brighton Jones LLC
Brighton Jones LLC raised its position in Intel Corporation (NASDAQ:INTC) by 1,272.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 129,025 shares of the chip maker’s stock after buying an additional 119,624 shares during the period. Intel Corporation comprises about 1.1% of Brighton Jones LLC’s holdings, making the stock its 16th largest position. Brighton Jones LLC’s holdings in Intel Corporation were worth $4,654,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of INTC. RB Capital Management LLC acquired a new stake in shares of Intel Corporation during the fourth quarter worth $858,000. Lebenthal Asset Management LLC increased its stake in shares of Intel Corporation by 0.5% in the fourth quarter. Lebenthal Asset Management LLC now owns 257,838 shares of the chip maker’s stock worth $9,352,000 after buying an additional 1,346 shares during the last quarter. Sustainable Insight Capital Management LLC acquired a new stake in shares of Intel Corporation during the fourth quarter worth $1,193,000. Independent Advisor Alliance acquired a new stake in shares of Intel Corporation during the fourth quarter worth $1,383,000. Finally, Archford Capital Strategies LLC increased its stake in shares of Intel Corporation by 4.6% in the fourth quarter. Archford Capital Strategies LLC now owns 23,375 shares of the chip maker’s stock worth $847,000 after buying an additional 1,026 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.
Intel Corporation (INTC) traded up 0.878% during midday trading on Monday, reaching $36.185. The company’s stock had a trading volume of 4,224,847 shares. The firm has a market cap of $170.03 billion, a price-to-earnings ratio of 13.811 and a beta of 1.01. The company’s 50-day moving average is $34.84 and its 200 day moving average is $35.72. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $38.45.
Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $14.76 billion for the quarter, compared to analysts’ expectations of $14.39 billion. During the same period in the previous year, the firm posted $0.59 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities analysts forecast that Intel Corporation will post $3.01 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 7th will be given a dividend of $0.2725 per share. The ex-dividend date is Thursday, August 3rd. This represents a $1.09 annualized dividend and a dividend yield of 3.04%. Intel Corporation’s dividend payout ratio (DPR) is presently 41.76%.
A number of equities research analysts have weighed in on INTC shares. Royal Bank Of Canada reiterated a “hold” rating and issued a $37.00 target price on shares of Intel Corporation in a report on Monday, April 17th. Wells Fargo & Company reiterated an “outperform” rating and issued a $45.00 target price on shares of Intel Corporation in a report on Wednesday, April 19th. Vetr downgraded Intel Corporation from a “hold” rating to a “sell” rating and set a $35.07 target price for the company. in a report on Thursday, April 20th. Sanford C. Bernstein reiterated a “sell” rating on shares of Intel Corporation in a report on Tuesday, April 25th. Finally, B. Riley restated a “buy” rating and set a $44.00 price objective on shares of Intel Corporation in a report on Friday, April 28th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $40.55.
In other Intel Corporation news, CEO Brian M. Krzanich sold 72,173 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the completion of the transaction, the chief executive officer now owns 534,746 shares in the company, valued at $18,015,592.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Diane M. Bryant sold 1,639 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $34.65, for a total value of $56,791.35. Following the transaction, the executive vice president now owns 114,542 shares of the company’s stock, valued at approximately $3,968,880.30. The disclosure for this sale can be found here. Insiders have sold 91,921 shares of company stock valued at $3,130,162 in the last 90 days. Company insiders own 0.09% 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).
Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corporation (NASDAQ:INTC).
Receive News & Ratings for Intel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.