New England Research & Management Inc. increased its stake in Intel Corporation (NASDAQ:INTC) by 13.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,019 shares of the chip maker’s stock after purchasing an additional 6,680 shares during the quarter. Intel Corporation comprises about 1.4% of New England Research & Management Inc.’s portfolio, making the stock its 11th biggest holding. New England Research & Management Inc.’s holdings in Intel Corporation were worth $1,924,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the stock. Prospera Financial Services Inc lifted its holdings in Intel Corporation by 35.4% in the 1st quarter. Prospera Financial Services Inc now owns 74,741 shares of the chip maker’s stock valued at $2,698,000 after acquiring an additional 19,554 shares during the last quarter. First Command Financial Services Inc. lifted its holdings in Intel Corporation by 0.4% in the 1st quarter. First Command Financial Services Inc. now owns 12,607 shares of the chip maker’s stock valued at $455,000 after acquiring an additional 51 shares during the last quarter. North American Management Corp lifted its holdings in Intel Corporation by 4.7% in the 1st quarter. North American Management Corp now owns 173,885 shares of the chip maker’s stock valued at $6,272,000 after acquiring an additional 7,856 shares during the last quarter. Guild Investment Management Inc. acquired a new stake in Intel Corporation in the 1st quarter valued at about $3,147,000. Finally, Hays Advisory LLC lifted its holdings in Intel Corporation by 10.9% in the 1st quarter. Hays Advisory LLC now owns 6,921 shares of the chip maker’s stock valued at $250,000 after acquiring an additional 682 shares during the last quarter. 67.03% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on the stock. B. Riley reissued a “buy” rating and issued a $46.00 price target on shares of Intel Corporation in a report on Friday, July 28th. BidaskClub raised shares of Intel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Vetr downgraded shares of Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.26 price target for the company. in a report on Tuesday, August 8th. Jefferies Group LLC set a $38.00 price target on shares of Intel Corporation and gave the company a “hold” rating in a report on Saturday, June 3rd. Finally, Sanford C. Bernstein set a $30.00 price target on shares of Intel Corporation and gave the company a “sell” rating in a report on Tuesday, August 15th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Intel Corporation presently has an average rating of “Hold” and an average price target of $40.57.
Shares of Intel Corporation (NASDAQ:INTC) traded down 0.05% during mid-day trading on Friday, hitting $37.18. The stock had a trading volume of 21,631,754 shares. The stock’s 50-day moving average price is $35.74 and its 200 day moving average price is $35.53. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $38.45. The company has a market capitalization of $174.71 billion, a P/E ratio of 14.19 and a beta of 1.02.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, topping the 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 during the quarter, compared to the consensus estimate of $14.39 billion. During the same period in the prior year, the company earned $0.59 EPS. Intel Corporation’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts predict that Intel Corporation will post $3.01 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be given a dividend of $0.2725 per share. The ex-dividend date is Monday, November 6th. This represents a $1.09 annualized dividend and a dividend yield of 2.93%. Intel Corporation’s dividend payout ratio is currently 41.76%.
In other Intel Corporation news, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $36.40, for a total value of $51,833.60. Following the completion of the transaction, 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 is available through the SEC website. Also, EVP Diane M. Bryant sold 1,639 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $34.65, for a total value of $56,791.35. Following the completion of the transaction, the executive vice president now directly owns 114,542 shares of the company’s stock, valued at approximately $3,968,880.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 91,921 shares of company stock valued at $3,130,162. 0.08% of the stock is owned by corporate insiders.
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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).
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