Intel Corp. (INTC) Position Raised by YHB Investment Advisors Inc.
YHB Investment Advisors Inc. boosted its position in shares of Intel Corp. (NASDAQ:INTC) by 3.6% during the second quarter, Holdings Channel reports. The institutional investor owned 41,028 shares of the chip maker’s stock after buying an additional 1,435 shares during the period. YHB Investment Advisors Inc.’s holdings in Intel Corp. were worth $1,346,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Athena Capital Advisors LLC raised its stake in shares of Intel Corp. by 0.6% in the first quarter. Athena Capital Advisors LLC now owns 48,815 shares of the chip maker’s stock valued at $1,579,000 after buying an additional 278 shares in the last quarter. PGGM Investments raised its stake in shares of Intel Corp. by 1.0% in the first quarter. PGGM Investments now owns 4,711,900 shares of the chip maker’s stock valued at $152,430,000 after buying an additional 48,411 shares in the last quarter. Headinvest LLC raised its stake in shares of Intel Corp. by 2.3% in the first quarter. Headinvest LLC now owns 10,397 shares of the chip maker’s stock valued at $336,000 after buying an additional 231 shares in the last quarter. Watch Point Trust Co raised its stake in shares of Intel Corp. by 10.2% in the first quarter. Watch Point Trust Co now owns 89,950 shares of the chip maker’s stock valued at $2,910,000 after buying an additional 8,347 shares in the last quarter. Finally, Stokes & Hubbell Capital Management LLC raised its stake in shares of Intel Corp. by 7.1% in the first quarter. Stokes & Hubbell Capital Management LLC now owns 63,191 shares of the chip maker’s stock valued at $2,044,000 after buying an additional 4,194 shares in the last quarter. Institutional investors and hedge funds own 64.77% of the company’s stock.
Shares of Intel Corp. (NASDAQ:INTC) traded up 1.30% during trading on Friday, hitting $37.45. The stock had a trading volume of 19,123,944 shares. Intel Corp. has a 52-week low of $27.68 and a 52-week high of $38.36. The stock has a 50 day moving average of $36.86 and a 200 day moving average of $33.65. The firm has a market cap of $177.18 billion, a PE ratio of 18.16 and a beta of 1.09.
Intel Corp. (NASDAQ:INTC) last issued its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.06. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The business earned $13.50 billion during the quarter, compared to analyst estimates of $13.54 billion. During the same period last year, the business posted $0.55 earnings per share. Intel Corp.’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, equities analysts anticipate that Intel Corp. will post $2.58 EPS for the current 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 issued a $0.26 dividend. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 annualized dividend and a yield of 2.78%. Intel Corp.’s dividend payout ratio (DPR) is presently 50.24%.
Several brokerages recently commented on INTC. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Intel Corp. in a research note on Saturday, July 9th. B. Riley reaffirmed a “buy” rating and issued a $42.00 price target on shares of Intel Corp. in a research note on Thursday, July 21st. Sanford C. Bernstein set a $35.00 price objective on Intel Corp. and gave the stock a “neutral” rating in a research note on Friday. Robert W. Baird boosted their price objective on Intel Corp. from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 6th. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $35.00 price objective (up previously from $31.00) on shares of Intel Corp. in a research note on Thursday, June 30th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-two have assigned a buy rating to the stock. Intel Corp. presently has a consensus rating of “Buy” and an average price target of $39.73.
In other Intel Corp. news, VP Gregory R. Pearson sold 1,506 shares of the firm’s stock in a transaction dated 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 sale, the vice president now directly owns 84,505 shares in the company, valued at $2,912,042.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stacy J. Smith sold 29,497 shares of the firm’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $34.47, for a total transaction of $1,016,761.59. Following the completion of the sale, the chief financial officer now owns 263,772 shares of the company’s stock, valued at $9,092,220.84. 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.
Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corp. (NASDAQ:INTC).
Receive News & Ratings for Intel Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel Corp. and related companies with MarketBeat.com's FREE daily email newsletter.