Kidder Stephen W Has $6,509,000 Position in Intel Corp. (INTC)
Kidder Stephen W lowered its position in shares of Intel Corp. (NASDAQ:INTC) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 198,419 shares of the chip maker’s stock after selling 140 shares during the period. Intel Corp. accounts for approximately 2.6% of Kidder Stephen W’s portfolio, making the stock its 14th largest position. Kidder Stephen W’s holdings in Intel Corp. were worth $6,509,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in INTC. Moreno Evelyn V increased its stake in shares of Intel Corp. by 7.4% in the first quarter. Moreno Evelyn V now owns 160,512 shares of the chip maker’s stock valued at $5,192,000 after buying an additional 11,064 shares during the period. Stokes & Hubbell Capital Management LLC increased 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 during the period. Watch Point Trust Co increased 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 during the period. Headinvest LLC increased 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 during the period. Finally, PGGM Investments increased 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 during the period. 64.82% of the stock is owned by institutional investors and hedge funds.
Intel Corp. (NASDAQ:INTC) traded up 0.53% during midday trading on Monday, reaching $37.65. 3,315,039 shares of the company traded hands. Intel Corp. has a 12 month low of $27.68 and a 12 month high of $38.36. The company’s 50-day moving average price is $36.86 and its 200 day moving average price is $33.65. The firm has a market capitalization of $178.12 billion, a PE ratio of 18.26 and a beta of 1.09.
Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, topping the Zacks’ 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 had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.54 billion. During the same period in the prior year, the company posted $0.55 EPS. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities analysts anticipate that Intel Corp. will post $2.58 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be paid a dividend of $0.26 per share. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.78%. Intel Corp.’s dividend payout ratio (DPR) is presently 50.24%.
Several equities research analysts recently weighed in on INTC shares. B. Riley reissued a “buy” rating and set a $42.00 price target on shares of Intel Corp. in a research report on Wednesday, August 17th. Robert W. Baird lifted their target price on shares of Intel Corp. from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, September 19th. Brean Capital reaffirmed a “buy” rating and issued a $40.00 target price (up previously from $38.00) on shares of Intel Corp. in a research report 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 target price for the company in a research report on Monday, September 26th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $35.00 target price on shares of Intel Corp. in a research report on Wednesday, August 17th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirty-two have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $39.73.
In related news, CEO Brian M. Krzanich sold 67,508 shares of the business’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $37.71, for a total value of $2,545,726.68. Following the sale, the chief executive officer now directly owns 420,506 shares in the company, valued at approximately $15,857,281.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Andy D. Bryant sold 445,095 shares of the business’s stock in a transaction dated Monday, July 25th. The stock was 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 $13,860,632.33. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.
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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