Opus Investment Management Inc. Has $3,201,000 Position in Intel Corp. (INTC)
Opus Investment Management Inc. increased its position in shares of Intel Corp. (NASDAQ:INTC) by 25.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,600 shares of the chip maker’s stock after buying an additional 20,000 shares during the period. Opus Investment Management Inc.’s holdings in Intel Corp. were worth $3,201,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the stock. Emerald Acquisition Ltd. bought a new stake in Intel Corp. during the second quarter worth about $295,226,000. Institutional Capital LLC raised its stake in 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 during the last quarter. NN Investment Partners Holdings N.V. bought a new stake in Intel Corp. during the first quarter worth about $132,302,000. Natixis raised its stake in 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 during the last quarter. Finally, Geode Capital Management LLC raised its stake in 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 during the last quarter. Institutional investors own 64.77% of the company’s stock.
Shares of Intel Corp. (NASDAQ:INTC) traded down 0.96% during trading on Friday, reaching $37.19. 17,780,157 shares of the company were exchanged. The firm has a 50-day moving average price of $35.71 and a 200-day moving average price of $33.00. The stock has a market capitalization of $175.95 billion, a P/E ratio of 18.04 and a beta of 0.93. Intel Corp. has a 1-year low of $27.68 and a 1-year high of $38.05.
Intel Corp. (NASDAQ:INTC) last released its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.06. The company earned $13.50 billion during the quarter, compared to the consensus estimate of $13.54 billion. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. Intel Corp.’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 EPS. Equities research analysts predict that Intel Corp. will post $2.57 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 2.80%. Intel Corp.’s payout ratio is 50.24%.
INTC has been the topic of a number of analyst reports. Cowen and Company reiterated a “market perform” rating and set a $36.00 price objective (up from $32.00) on shares of Intel Corp. in a research note on Monday, July 11th. Evercore ISI upgraded Intel Corp. from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Tuesday, September 6th. Vetr lowered Intel Corp. from a “hold” rating to a “sell” rating and set a $31.46 price objective on the stock. in a research note on Monday, July 4th. Royal Bank Of Canada boosted their price objective on Intel Corp. from $33.00 to $34.00 and gave the company a “sector perform” rating in a research note on Friday, July 8th. Finally, Zacks Investment Research lowered Intel Corp. from a “buy” rating to a “hold” rating in a research note on Monday, September 5th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirty-one have assigned a buy rating to the company’s stock. Intel Corp. currently has an average rating of “Buy” and a consensus price target of $39.06.
In other news, Chairman Andy D. Bryant sold 445,095 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $34.69, for a total transaction of $15,440,345.55. Following the completion of the sale, the chairman now owns 399,557 shares in the company, valued at approximately $13,860,632.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Gregory R. Pearson sold 250,192 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $36.50, for a total transaction of $9,132,008.00. Following the sale, the vice president now owns 92,826 shares of the company’s stock, valued at approximately $3,388,149. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.
About Intel Corp.
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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