Intel Corporation (NASDAQ:INTC) Shares Bought by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. increased its position in Intel Corporation (NASDAQ:INTC) by 3.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,861,041 shares of the chip maker’s stock after buying an additional 764,551 shares during the period. Intel Corporation makes up about 0.9% of Schwab Charles Investment Management Inc.’s portfolio, making the stock its 13th largest position. Schwab Charles Investment Management Inc.’s holdings in Intel Corporation were worth $860,668,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Intel Corporation during the fourth quarter worth about $1,684,790,000. DnB Asset Management AS increased 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. Pictet Asset Management Ltd. increased its stake in 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 last quarter. WINTON GROUP Ltd increased its stake in 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 last quarter. Finally, State of Tennessee Treasury Department increased its stake in Intel Corporation by 37.5% in the first quarter. State of Tennessee Treasury Department now owns 2,530,448 shares of the chip maker’s stock worth $91,274,000 after buying an additional 689,752 shares during the last quarter. Institutional investors own 67.50% of the company’s stock.
Shares of Intel Corporation (NASDAQ INTC) traded down 0.46% during trading on Thursday, hitting $36.42. 3,711,457 shares of the stock traded hands. The stock has a 50 day moving average price of $34.75 and a 200-day moving average price of $35.72. The stock has a market cap of $171.14 billion, a price-to-earnings ratio of 13.90 and a beta of 1.01. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $38.45.
Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. The company had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 EPS. Equities analysts forecast 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. Investors of record on Monday, August 7th will be issued a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Thursday, August 3rd. Intel Corporation’s dividend payout ratio (DPR) is currently 41.76%.
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A number of equities research analysts have issued reports on INTC shares. Zacks Investment Research downgraded shares of Intel Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Needham & Company LLC reiterated a “buy” rating and issued a $43.00 target price on shares of Intel Corporation in a research report on Wednesday, July 12th. Bank of America Corporation downgraded shares of Intel Corporation from a “buy” rating to a “neutral” rating and cut their target price for the stock from $42.00 to $38.00 in a research report on Wednesday, June 21st. BidaskClub downgraded shares of Intel Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $38.00 target price on shares of Intel Corporation in a research report on Wednesday, July 12th. Five 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 an average price target of $40.55.
In related news, CEO Brian M. Krzanich sold 72,173 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $33.69, for a total value of $2,431,508.37. Following the transaction, the chief executive officer now directly owns 534,746 shares of the company’s stock, valued at approximately $18,015,592.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert Holmes Swan purchased 13,888 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was bought at an average cost of $36.31 per share, for a total transaction of $504,273.28. Following the completion of the acquisition, the chief financial officer now directly owns 8,774 shares in the company, valued at approximately $318,583.94. The disclosure for this purchase can be found here. Insiders sold a total of 91,921 shares of company stock worth $3,130,162 over the last three months. 0.09% of the stock is owned by insiders.
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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