Signaturefd LLC Has $793,000 Stake in Intel Corporation (INTC)
Signaturefd LLC decreased its position in Intel Corporation (NASDAQ:INTC) by 22.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 21,997 shares of the chip maker’s stock after selling 6,384 shares during the period. Signaturefd LLC’s holdings in Intel Corporation were worth $793,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. IFM Investors Pty Ltd acquired a new position in Intel Corporation during the fourth quarter valued at $2,168,000. Heritage Way Advisors LLC acquired a new position in Intel Corporation during the fourth quarter valued at $2,059,000. Wall Street Access Asset Management LLC raised its position in Intel Corporation by 189.9% in the fourth quarter. Wall Street Access Asset Management LLC now owns 30,531 shares of the chip maker’s stock valued at $1,107,000 after buying an additional 20,000 shares in the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new position in Intel Corporation during the fourth quarter valued at $2,464,000. Finally, Archford Capital Strategies LLC raised its position in Intel Corporation by 4.6% in the fourth quarter. Archford Capital Strategies LLC now owns 23,375 shares of the chip maker’s stock valued at $847,000 after buying an additional 1,026 shares in the last quarter. 67.50% of the stock is owned by institutional investors and hedge funds.
Shares of Intel Corporation (NASDAQ INTC) traded down 0.75% on Friday, hitting $35.87. The stock had a trading volume of 19,275,060 shares. The firm has a 50-day moving average of $34.84 and a 200 day moving average of $35.72. The company has a market capitalization of $168.55 billion, a PE ratio of 13.69 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 posted its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The company had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $14.39 billion. During the same period in the previous year, the firm posted $0.59 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. On average, equities analysts anticipate that Intel Corporation will post $3.01 earnings per share for the current fiscal year.
The business also recently disclosed 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. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Thursday, August 3rd. Intel Corporation’s dividend payout ratio is currently 41.76%.
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INTC has been the topic of several recent analyst reports. Royal Bank Of Canada reiterated a “hold” rating and set a $37.00 target price on shares of Intel Corporation in a report on Monday, April 17th. Wells Fargo & Company reiterated an “outperform” rating and set a $45.00 target price on shares of Intel Corporation in a report on Wednesday, April 19th. Vetr lowered Intel Corporation from a “hold” rating to a “sell” rating and set a $35.07 target price on the stock. in a report on Thursday, April 20th. Sanford C. Bernstein reiterated a “sell” rating on shares of Intel Corporation in a report on Tuesday, April 25th. Finally, B. Riley reiterated a “buy” rating and set a $44.00 target price on shares of Intel Corporation in a report on Friday, April 28th. 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 currently has an average rating of “Hold” and a consensus price target of $40.55.
In other news, insider Venkata S. M. Renduchintala sold 13,996 shares of Intel Corporation stock in a transaction on Monday, July 31st. The shares were sold at an average price of $35.47, for a total transaction of $496,438.12. Following the completion of the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $54,481.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian M. Krzanich sold 72,173 shares of Intel Corporation stock in a transaction 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 of the company’s stock, valued at $18,015,592.74. The disclosure for this sale can be found here. Insiders have sold a total of 91,921 shares of company stock valued at $3,130,162 over the last ninety days. 0.09% of the stock is currently 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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