Nippon Life Insurance Co. reduced its position in Intel Corporation (NASDAQ:INTC) by 6.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 138,159 shares of the chip maker’s stock after selling 9,966 shares during the period. Nippon Life Insurance Co.’s holdings in Intel Corporation were worth $4,661,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in INTC. Watermark Asset Management Inc. bought a new stake in shares of Intel Corporation in the 1st quarter valued at about $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in shares of Intel Corporation by 53.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock valued at $146,000 after buying an additional 1,400 shares in the last quarter. Orrstown Financial Services Inc. boosted its holdings in shares of Intel Corporation by 23.0% in the 2nd quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock valued at $155,000 after buying an additional 857 shares in the last quarter. Winfield Associates Inc. boosted its holdings in shares of Intel Corporation by 6.0% in the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after buying an additional 265 shares in the last quarter. Finally, Vigilant Capital Management LLC boosted its holdings in shares of Intel Corporation by 22.6% in the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after buying an additional 805 shares in the last quarter. Institutional investors and hedge funds own 67.17% of the company’s stock.
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A number of analysts have recently weighed in on INTC shares. Zacks Investment Research cut shares of Intel Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. ValuEngine cut shares of Intel Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Goldman Sachs Group, Inc. (The) reiterated a “hold” rating and issued a $39.00 target price on shares of Intel Corporation in a research note on Monday, July 31st. BidaskClub upgraded shares of Intel Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $34.00 target price on shares of Intel Corporation in a research note on Sunday, July 30th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. Intel Corporation presently has a consensus rating of “Buy” and an average target price of $43.28.
In related news, insider Stacy J. Smith sold 472,337 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the sale, the insider now directly owns 265,298 shares in the company, valued at $11,734,130.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total transaction of $66,543.52. Following the completion of the transaction, the insider now owns 1,536 shares in the company, valued at $71,777.28. The disclosure for this sale can be found here. Insiders have sold 659,036 shares of company stock worth $28,872,880 over the last 90 days. Insiders own 0.08% of the company’s stock.
Shares of Intel Corporation (INTC) opened at $45.65 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60. Intel Corporation has a one year low of $33.23 and a one year high of $47.30. The firm has a market cap of $212,752.80, a P/E ratio of 14.30, a P/E/G ratio of 1.66 and a beta of 1.09.
Intel Corporation (NASDAQ:INTC) last released its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.21. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. The firm had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. During the same period in the prior year, the firm earned $0.80 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. analysts predict that Intel Corporation will post 3.25 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be paid a dividend of $0.2725 per share. The ex-dividend date is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.39%. Intel Corporation’s payout ratio is 38.11%.
About Intel Corporation
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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