Level Four Advisory Services LLC Increases Stake in Intel Corporation (NASDAQ:INTC)
Level Four Advisory Services LLC increased its position in Intel Corporation (NASDAQ:INTC) by 2.5% during the first quarter, Holdings Channel reports. The institutional investor owned 75,739 shares of the chip maker’s stock after buying an additional 1,840 shares during the period. Level Four Advisory Services LLC’s holdings in Intel Corporation were worth $2,743,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the company. Orrstown Financial Services Inc. raised its position in Intel Corporation by 96.6% in the first quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock valued at $134,000 after buying an additional 1,830 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in Intel Corporation by 53.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock valued at $146,000 after buying an additional 1,400 shares during the last quarter. Vigilant Capital Management LLC raised its position in Intel Corporation by 22.6% in the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after buying an additional 805 shares during the last quarter. Security Asset Management purchased a new position in Intel Corporation during the fourth quarter valued at $162,000. Finally, ARP Americas LLC purchased a new position in Intel Corporation during the first quarter valued at $202,000. 67.50% of the stock is owned by institutional investors and hedge funds.
Intel Corporation (NASDAQ INTC) traded down 0.512% during trading on Friday, reaching $35.955. The company had a trading volume of 6,815,396 shares. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $38.45. The company has a market capitalization of $168.95 billion, a PE ratio of 13.723 and a beta of 1.01. The company has a 50 day moving average price of $34.80 and a 200 day moving average price of $35.73.
Intel Corporation (NASDAQ:INTC) last announced its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $14.39 billion. During the same quarter last year, the firm earned $0.59 EPS. Intel Corporation’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities analysts forecast that Intel Corporation will post $3.01 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 7th will be given a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Thursday, August 3rd. Intel Corporation’s dividend payout ratio is presently 41.76%.
Several equities analysts have weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $44.00 target price on shares of Intel Corporation in a report on Friday, April 28th. Jefferies Group LLC lowered shares of Intel Corporation to a “hold” rating and boosted their target price for the company from $36.00 to $38.00 in a report on Friday, April 28th. Sanford C. Bernstein reiterated a “sell” rating and issued a $30.00 target price on shares of Intel Corporation in a report on Tuesday, May 2nd. Vetr lowered shares of Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.97 target price on the stock. in a report on Wednesday, August 2nd. Finally, BidaskClub upgraded shares of Intel Corporation from a “hold” rating to a “buy” rating in a report on Thursday. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. Intel Corporation presently has a consensus rating of “Hold” and an average target price of $40.55.
In related news, insider Venkata S. M. Renduchintala sold 1,424 shares of Intel Corporation stock in a transaction that occurred on 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 owns 1,536 shares of the company’s stock, valued at approximately $55,910.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Robert Holmes Swan bought 13,888 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was purchased at an average cost of $36.31 per share, for a total transaction of $504,273.28. Following the transaction, the chief financial officer now owns 8,774 shares in the company, valued at approximately $318,583.94. The disclosure for this purchase can be found here. In the last three months, insiders sold 91,921 shares of company stock worth $3,130,162. 0.09% of the stock is owned by insiders.
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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