Intel Corp. (INTC) Shares Bought by Honeywell International Inc.
Honeywell International Inc. raised its stake in shares of Intel Corp. (NASDAQ:INTC) by 17.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 811,000 shares of the chip maker’s stock after buying an additional 123,000 shares during the period. Honeywell International Inc.’s holdings in Intel Corp. were worth $26,601,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. James Investment Research Inc. raised its stake in Intel Corp. by 12.8% in the second quarter. James Investment Research Inc. now owns 661,825 shares of the chip maker’s stock worth $21,708,000 after buying an additional 75,124 shares in the last quarter. Park National Corp OH raised its stake in Intel Corp. by 2.7% in the second quarter. Park National Corp OH now owns 813,717 shares of the chip maker’s stock worth $26,689,000 after buying an additional 21,481 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Intel Corp. by 5.2% in the second quarter. Nisa Investment Advisors LLC now owns 1,796,286 shares of the chip maker’s stock worth $58,917,000 after buying an additional 89,568 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in Intel Corp. during the first quarter worth $132,302,000. Finally, CIBC World Markets Inc. raised its stake in Intel Corp. by 14.2% in the second quarter. CIBC World Markets Inc. now owns 532,676 shares of the chip maker’s stock worth $17,472,000 after buying an additional 66,041 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.
Shares of Intel Corp. (NASDAQ:INTC) traded up 0.53% during mid-day trading on Monday, reaching $37.65. 3,315,012 shares of the company were exchanged. The stock has a market capitalization of $178.12 billion, a P/E ratio of 18.26 and a beta of 1.09. Intel Corp. has a 12 month low of $27.68 and a 12 month high of $38.36. The stock has a 50 day moving average price of $36.86 and a 200-day moving average price of $33.65.
Intel Corp. (NASDAQ:INTC) last issued its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.06. The business 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%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 EPS. Analysts predict that Intel Corp. will post $2.58 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 annualized dividend and a dividend yield of 2.78%. Intel Corp.’s dividend payout ratio is presently 50.24%.
INTC has been the subject of a number of analyst reports. B. Riley reiterated a “buy” rating and set a $42.00 target price on shares of Intel Corp. in a report on Wednesday, August 17th. Robert W. Baird increased their price target on shares of Intel Corp. from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, September 19th. Brean Capital reissued a “buy” rating and issued a $40.00 price target (up from $38.00) on shares of Intel Corp. in a research note on Thursday, September 22nd. Zacks Investment Research raised shares of Intel Corp. from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Monday, September 26th. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $35.00 price target on shares of Intel Corp. in a research note on Wednesday, August 17th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirty-two have assigned a buy rating to the stock. Intel Corp. presently has an average rating of “Buy” and a consensus price target of $39.73.
In other news, VP Gregory R. Pearson sold 1,866 shares of Intel Corp. stock in a transaction on Monday, July 25th. The shares were sold at an average price of $34.68, for a total value of $64,712.88. Following the transaction, the vice president now directly owns 86,635 shares of the company’s stock, valued at approximately $3,004,501.80. 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 Intel Corp. stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $34.46, for a total transaction of $51,896.76. Following the completion of the transaction, 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. 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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