Intel Corp. (INTC) Shares Sold by Exane Derivatives
Exane Derivatives reduced its stake in Intel Corp. (NASDAQ:INTC) by 3.9% during the second quarter, Holdings Channel reports. The institutional investor owned 26,389 shares of the chip maker’s stock after selling 1,062 shares during the period. Exane Derivatives’ holdings in Intel Corp. were worth $866,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Emerald Acquisition Ltd. acquired a new position in Intel Corp. during the second quarter valued at $295,226,000. Institutional Capital LLC boosted its position in shares of Intel Corp. by 360.2% in the first quarter. Institutional Capital LLC now owns 10,182,033 shares of the chip maker’s stock worth $329,388,000 after buying an additional 7,969,512 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new position in shares of Intel Corp. during the first quarter worth approximately $132,302,000. Natixis boosted its position in shares of Intel Corp. by 1,486.7% in the first quarter. Natixis now owns 3,005,998 shares of the chip maker’s stock worth $97,244,000 after buying an additional 2,816,554 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Intel Corp. by 5.8% in the first quarter. Geode Capital Management LLC now owns 44,204,897 shares of the chip maker’s stock worth $1,427,513,000 after buying an additional 2,414,858 shares in the last quarter. 64.77% of the stock is currently owned by institutional investors and hedge funds.
Intel Corp. (NASDAQ:INTC) traded down 0.05% on Tuesday, hitting $37.14. The stock had a trading volume of 24,775,342 shares. The stock’s 50-day moving average is $35.47 and its 200 day moving average is $32.89. Intel Corp. has a 1-year low of $27.68 and a 1-year high of $38.05. The firm has a market capitalization of $175.71 billion, a price-to-earnings ratio of 18.01 and a beta of 0.93.
Intel Corp. (NASDAQ:INTC) last issued its earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.06. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The firm had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.54 billion. During the same period in the previous year, the firm posted $0.55 earnings per share. The business’s revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts predict that Intel Corp. will post $2.54 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.04 annualized dividend and a yield of 2.80%. Intel Corp.’s payout ratio is currently 50.24%.
A number of brokerages have recently commented on INTC. B. Riley reaffirmed a “buy” rating and set a $45.00 price target (up previously from $42.00) on shares of Intel Corp. in a research report on Friday. Citigroup Inc. upped their price target on Intel Corp. from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Monday. BMO Capital Markets reaffirmed a “hold” rating and set a $34.00 price target on shares of Intel Corp. in a research report on Monday. Stifel Nicolaus set a $39.00 price target on Intel Corp. and gave the company a “buy” rating in a research report on Monday. Finally, Robert W. Baird upped their price target on Intel Corp. from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirty-one have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $39.01.
In other Intel Corp. news, CEO Brian M. Krzanich sold 71,413 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $32.73, for a total transaction of $2,337,347.49. Following the sale, the chief executive officer now directly owns 435,796 shares of the company’s stock, valued at $14,263,603.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Gregory R. Pearson sold 1,506 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $34.46, for a total value of $51,896.76. Following the sale, the vice president now directly owns 84,505 shares in the company, valued at $2,912,042.30. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.
Intel Corp. Company Profile
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.
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