Intel Corporation (INTC) Shares Bought by Eqis Capital Management Inc.

Eqis Capital Management Inc. increased its holdings in Intel Corporation (NASDAQ:INTC) by 8.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,913 shares of the chip maker’s stock after acquiring an additional 7,039 shares during the quarter. Eqis Capital Management Inc.’s holdings in Intel Corporation were worth $3,034,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Schwab Charles Investment Management Inc. lifted its stake in Intel Corporation by 3.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 23,861,041 shares of the chip maker’s stock worth $860,668,000 after acquiring an additional 764,551 shares during the period. Fisher Asset Management LLC lifted its stake in Intel Corporation by 3.1% in the second quarter. Fisher Asset Management LLC now owns 20,791,355 shares of the chip maker’s stock worth $701,500,000 after acquiring an additional 623,698 shares during the period. Sanders Capital LLC lifted its stake in Intel Corporation by 2.2% in the first quarter. Sanders Capital LLC now owns 14,736,874 shares of the chip maker’s stock worth $545,383,000 after acquiring an additional 316,800 shares during the period. DnB Asset Management AS lifted its stake in Intel Corporation by 72.2% in the second quarter. DnB Asset Management AS now owns 9,355,948 shares of the chip maker’s stock worth $315,670,000 after acquiring an additional 3,922,470 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in Intel Corporation by 0.8% in the first quarter. Russell Investments Group Ltd. now owns 9,075,156 shares of the chip maker’s stock worth $327,403,000 after acquiring an additional 68,534 shares during the period. 67.02% of the stock is owned by institutional investors.

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Intel Corporation (NASDAQ INTC) traded up 0.25% during trading on Monday, hitting $39.73. The stock had a trading volume of 8,052,778 shares. The company has a market cap of $186.69 billion, a PE ratio of 15.16 and a beta of 1.07. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $39.89. The company’s 50 day moving average is $36.48 and its 200-day moving average is $35.78.

Intel Corporation (NASDAQ:INTC) last released its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS 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 analyst estimates of $14.39 billion. During the same period last year, the business posted $0.59 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities research analysts predict that Intel Corporation will post $3.01 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be given a dividend of $0.2725 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 annualized dividend and a dividend yield of 2.75%. Intel Corporation’s dividend payout ratio is currently 41.76%.

INTC has been the subject of a number of research analyst reports. Hilliard Lyons initiated coverage on Intel Corporation in a research note on Wednesday, July 12th. They issued a “buy” rating and a $41.00 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $43.00 price target on shares of Intel Corporation in a research note on Wednesday, July 12th. Canaccord Genuity reaffirmed a “buy” rating and issued a $38.00 price target on shares of Intel Corporation in a research note on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $39.00 price target on shares of Intel Corporation in a research note on Friday, July 14th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $42.00 price target on shares of Intel Corporation in a research note on Tuesday, July 18th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $40.68.

In related news, EVP Diane M. Bryant sold 1,639 shares of Intel Corporation stock in a transaction on 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 in the company, valued at $3,968,880.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian M. Krzanich sold 61,860 shares of Intel Corporation stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $38.74, for a total value of $2,396,456.40. Following the completion of the transaction, the chief executive officer now owns 543,948 shares of the company’s stock, valued at $21,072,545.52. The disclosure for this sale can be found TRADEMARK VIOLATION WARNING: This piece was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/09/intel-corporation-intc-shares-bought-by-eqis-capital-management-inc.html.

Intel Corporation (NASDAQ INTC) traded up 0.25% during trading on Monday, hitting $39.73. The stock had a trading volume of 8,052,778 shares. The company has a market cap of $186.69 billion, a PE ratio of 15.16 and a beta of 1.07. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $39.89. The company’s 50 day moving average is $36.48 and its 200-day moving average is $35.78.

Intel Corporation (NASDAQ:INTC) last released its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS 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 analyst estimates of $14.39 billion. During the same period last year, the business posted $0.59 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities research analysts predict that Intel Corporation will post $3.01 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be given a dividend of $0.2725 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 annualized dividend and a dividend yield of 2.75%. Intel Corporation’s dividend payout ratio is currently 41.76%.

INTC has been the subject of a number of research analyst reports. Hilliard Lyons initiated coverage on Intel Corporation in a research note on Wednesday, July 12th. They issued a “buy” rating and a $41.00 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $43.00 price target on shares of Intel Corporation in a research note on Wednesday, July 12th. Canaccord Genuity reaffirmed a “buy” rating and issued a $38.00 price target on shares of Intel Corporation in a research note on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $39.00 price target on shares of Intel Corporation in a research note on Friday, July 14th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $42.00 price target on shares of Intel Corporation in a research note on Tuesday, July 18th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $40.68.

In related news, EVP Diane M. Bryant sold 1,639 shares of Intel Corporation stock in a transaction on 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 in the company, valued at $3,968,880.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian M. Krzanich sold 61,860 shares of Intel Corporation stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $38.74, for a total value of $2,396,456.40. Following the completion of the transaction, the chief executive officer now owns 543,948 shares of the company’s stock, valued at $21,072,545.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,608 shares of company stock valued at $3,095,110. Company insiders own 0.08% of the company’s stock.

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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Institutional Ownership by Quarter for Intel Corporation (NASDAQ:INTC)

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