Intel Corporation (NASDAQ:INTC) Position Maintained by Partners Capital Investment Group Holdings LLC
Partners Capital Investment Group Holdings LLC maintained its stake in Intel Corporation (NASDAQ:INTC) during the first quarter, Holdings Channel reports. The fund owned 24,706 shares of the chip maker’s stock at the end of the first quarter. Partners Capital Investment Group Holdings LLC’s holdings in Intel Corporation were worth $891,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Intel Corporation during the fourth quarter worth about $1,684,790,000. DnB Asset Management AS boosted its position in shares of 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 period. Pictet Asset Management Ltd. boosted its position in shares of Intel Corporation by 11.9% in the first quarter. Pictet Asset Management Ltd. now owns 8,323,744 shares of the chip maker’s stock worth $300,238,000 after buying an additional 882,905 shares during the period. WINTON GROUP Ltd boosted its position in shares of Intel Corporation by 87.0% in the first quarter. WINTON GROUP Ltd now owns 1,856,380 shares of the chip maker’s stock worth $70,078,000 after buying an additional 863,659 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position 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 period. 67.50% of the stock is owned by hedge funds and other institutional investors.
Intel Corporation (INTC) traded down 0.75% on Friday, hitting $35.87. 19,275,060 shares of the stock were exchanged. The firm has a market cap of $168.55 billion, a PE ratio of 13.69 and a beta of 1.01. The stock’s 50 day moving average price is $34.84 and its 200 day moving average price is $35.72. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $38.45.
Intel Corporation (NASDAQ:INTC) last posted 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 return on equity of 21.86% and a net margin of 20.60%. The business had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. During the same quarter in the previous year, the firm earned $0.59 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities research analysts forecast that Intel Corporation will post $3.01 earnings per share 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 issued 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 3.04%. Intel Corporation’s dividend payout ratio is presently 41.76%.
A number of research analysts recently issued reports on INTC shares. Royal Bank Of Canada reissued a “hold” rating and set a $37.00 price target on shares of Intel Corporation in a research report on Monday, April 17th. Wells Fargo & Company reissued an “outperform” rating and set a $45.00 price target on shares of Intel Corporation in a research report on Wednesday, April 19th. Vetr cut shares of Intel Corporation from a “hold” rating to a “sell” rating and set a $35.07 price target for the company. in a research report on Thursday, April 20th. Sanford C. Bernstein reissued a “sell” rating on shares of Intel Corporation in a research report on Tuesday, April 25th. Finally, B. Riley reissued a “buy” rating and set a $44.00 price target on shares of Intel Corporation in a research report on Friday, April 28th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $40.55.
In other Intel Corporation news, CFO Robert Holmes Swan acquired 13,888 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was purchased at an average cost of $36.31 per share, with a total value of $504,273.28. Following the transaction, the chief financial officer now owns 8,774 shares of the company’s stock, valued at $318,583.94. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $36.40, for a total value of $51,833.60. Following the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at $55,910.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 91,921 shares of company stock worth $3,130,162. 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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