CIBC World Markets Inc. Has $17,472,000 Position in Intel Corp. (INTC)
CIBC World Markets Inc. increased its position in Intel Corp. (NASDAQ:INTC) by 14.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 532,676 shares of the chip maker’s stock after buying an additional 66,041 shares during the period. CIBC World Markets Inc.’s holdings in Intel Corp. were worth $17,472,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Carnick & Kubik LLC bought a new stake in Intel Corp. during the first quarter worth about $100,000. Parasol Investment Management LLC boosted its stake in Intel Corp. by 34.3% in the second quarter. Parasol Investment Management LLC now owns 3,990 shares of the chip maker’s stock worth $131,000 after buying an additional 1,020 shares in the last quarter. American National Bank boosted its stake in Intel Corp. by 103.2% in the second quarter. American National Bank now owns 4,459 shares of the chip maker’s stock worth $146,000 after buying an additional 2,265 shares in the last quarter. D. Scott Neal Inc. boosted its stake in Intel Corp. by 0.7% in the second quarter. D. Scott Neal Inc. now owns 4,969 shares of the chip maker’s stock worth $163,000 after buying an additional 35 shares in the last quarter. Finally, CapWealth Advisors LLC boosted its stake in Intel Corp. by 43.9% in the first quarter. CapWealth Advisors LLC now owns 5,493 shares of the chip maker’s stock worth $178,000 after buying an additional 1,676 shares in the last quarter. Institutional investors own 64.77% of the company’s stock.
Intel Corp. (NASDAQ:INTC) traded down 0.21% during midday trading on Monday, reaching $38.02. The company had a trading volume of 14,954,297 shares. The company has a market capitalization of $179.87 billion, a P/E ratio of 18.44 and a beta of 1.09. Intel Corp. has a 1-year low of $27.68 and a 1-year high of $38.36. The firm has a 50-day moving average of $36.63 and a 200 day moving average of $33.54.
Intel Corp. (NASDAQ:INTC) last announced its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.06. The company had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.54 billion. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. Intel Corp.’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.55 EPS. On average, equities research analysts forecast that Intel Corp. will post $2.58 EPS for the current 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 given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.74%. The ex-dividend date is Thursday, November 3rd. Intel Corp.’s dividend payout ratio (DPR) is presently 50.24%.
A number of research firms have recently issued reports on INTC. Citigroup Inc. restated a “neutral” rating and set a $35.00 target price (up previously from $31.00) on shares of Intel Corp. in a research note on Thursday, June 30th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Intel Corp. in a research report on Thursday, July 21st. BNP Paribas set a $37.00 price target on shares of Intel Corp. and gave the stock a “neutral” rating in a research report on Friday, July 22nd. Argus reaffirmed a “buy” rating and set a $41.00 price target on shares of Intel Corp. in a research report on Monday, July 25th. Finally, Vetr lowered shares of Intel Corp. from a “hold” rating to a “sell” rating and set a $33.56 price target on the stock. in a research report on Tuesday, August 16th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $39.65.
In other Intel Corp. news, CEO Brian M. Krzanich sold 67,508 shares of the company’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $37.71, for a total value of $2,545,726.68. Following the transaction, the chief executive officer now owns 420,506 shares of the company’s stock, valued at approximately $15,857,281.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gregory R. Pearson sold 1,506 shares of the company’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $34.46, for a total value of $51,896.76. Following the completion of the transaction, the vice president now directly owns 84,505 shares in the company, valued at approximately $2,912,042.30. The disclosure for this sale can be found here. 0.09% of the stock is 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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