Paragon Capital Management Ltd Purchases 2,413 Shares of Intel Corporation (INTC)
Paragon Capital Management Ltd boosted its position in Intel Corporation (NASDAQ:INTC) by 19.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,031 shares of the chip maker’s stock after acquiring an additional 2,413 shares during the period. Paragon Capital Management Ltd’s holdings in Intel Corporation were worth $507,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in INTC. Glenview Capital Management LLC bought a new position in Intel Corporation in the first quarter worth approximately $177,881,000. DnB Asset Management AS boosted its holdings 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 acquiring an additional 4,713,168 shares in the last quarter. Gotham Asset Management LLC boosted its holdings in Intel Corporation by 112.1% in the first quarter. Gotham Asset Management LLC now owns 1,741,166 shares of the chip maker’s stock worth $62,804,000 after acquiring an additional 920,285 shares in the last quarter. Pictet Asset Management Ltd. boosted its holdings 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 acquiring an additional 882,905 shares in the last quarter. Finally, WINTON GROUP Ltd boosted its holdings 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 acquiring an additional 863,659 shares in the last quarter. Institutional investors and hedge funds own 67.03% of the company’s stock.
Shares of Intel Corporation (INTC) traded down 0.05% on Friday, reaching $37.18. The company had a trading volume of 23,292,514 shares. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $38.45. The firm has a market capitalization of $15.02 billion, a price-to-earnings ratio of 14.19 and a beta of 1.02. The stock’s 50 day moving average is $35.74 and its 200 day moving average is $35.53.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The business had revenue of $14.76 billion during 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 earnings per share. On average, equities analysts anticipate that Intel Corporation will post $3.01 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be paid a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Monday, November 6th. Intel Corporation’s payout ratio is currently 41.76%.
Several research analysts have issued reports on INTC shares. Zacks Investment Research upgraded Intel Corporation from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Wednesday, September 6th. ValuEngine lowered Intel Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Vetr upgraded Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $41.56 price target on the stock in a report on Thursday, August 24th. Credit Suisse Group reiterated an “outperform” rating on shares of Intel Corporation in a report on Thursday, August 31st. Finally, BidaskClub upgraded Intel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $40.57.
In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $36.40, for a total transaction of $51,833.60. Following the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at $55,910.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian M. Krzanich sold 72,173 shares of the firm’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 transaction, the chief executive officer now directly owns 534,746 shares in the company, valued at $18,015,592.74. The disclosure for this sale can be found here. In the last three months, insiders sold 91,921 shares of company stock valued at $3,130,162. 0.08% of the stock is owned by insiders.
Intel Corporation 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).
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.