Sanders Capital LLC Has $545.38 Million Position in Intel Corporation (INTC)
Sanders Capital LLC boosted its position in shares of Intel Corporation (NASDAQ:INTC) by 2.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,736,874 shares of the chip maker’s stock after buying an additional 316,800 shares during the period. Intel Corporation accounts for approximately 3.6% of Sanders Capital LLC’s holdings, making the stock its 12th largest position. Sanders Capital LLC’s holdings in Intel Corporation were worth $545,383,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in the stock. Orrstown Financial Services Inc. increased its stake in shares of Intel Corporation by 96.6% in the first quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock worth $134,000 after buying an additional 1,830 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of 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 worth $146,000 after buying an additional 1,400 shares in the last quarter. Vigilant Capital Management LLC increased its stake in shares of Intel Corporation by 22.6% in the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after buying an additional 805 shares in the last quarter. Security Asset Management purchased a new stake in shares of Intel Corporation during the fourth quarter worth $162,000. Finally, Farmers National Bank increased its stake in shares of Intel Corporation by 5.1% in the first quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock worth $183,000 after buying an additional 234 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.
Shares of Intel Corporation (NASDAQ INTC) traded down 0.9359% during trading on Tuesday, reaching $35.9999. The company’s stock had a trading volume of 5,275,793 shares. The stock’s 50 day moving average price is $34.90 and its 200-day moving average price is $35.68. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $38.45. The stock has a market cap of $169.16 billion, a price-to-earnings ratio of 13.7404 and a beta of 1.01.
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 Zacks’ consensus estimate of $0.68 by $0.04. The firm had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $0.59 EPS. Equities analysts anticipate that Intel Corporation will post $3.01 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be given a $0.2725 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.00%. Intel Corporation’s dividend payout ratio is currently 41.76%.
Several brokerages have commented on INTC. B. Riley restated a “buy” rating and set a $44.00 target price on shares of Intel Corporation in a report on Wednesday, May 3rd. Vetr downgraded shares of Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.26 target price on the stock. in a report on Tuesday, August 8th. BidaskClub upgraded shares of Intel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Jefferies Group LLC set a $38.00 target price on shares of Intel Corporation and gave the stock a “hold” rating in a report on Saturday, June 3rd. Finally, Goldman Sachs Group, Inc. (The) restated a “hold” rating on shares of Intel Corporation in a report on Wednesday, August 9th. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. The company 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 Intel Corporation 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 sale, the chief executive officer now directly owns 534,746 shares in the company, valued at $18,015,592.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of Intel Corporation stock in a transaction that occurred on Monday, August 7th. The shares were 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 in the company, valued at $55,910.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 91,921 shares of company stock worth $3,130,162. Corporate 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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