Efficient Advisors LLC Takes Position in Intel Corporation (INTC)
Efficient Advisors LLC purchased a new position in shares of Intel Corporation (NASDAQ:INTC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,324 shares of the chip maker’s stock, valued at approximately $276,000.
Other hedge funds also recently made changes to their positions in the company. HighPoint Advisor Group LLC increased its stake in shares of Intel Corporation by 1.5% in the third quarter. HighPoint Advisor Group LLC now owns 36,790 shares of the chip maker’s stock worth $1,288,000 after buying an additional 556 shares in the last quarter. ETRADE Capital Management LLC increased its stake in shares of Intel Corporation by 5.7% in the third quarter. ETRADE Capital Management LLC now owns 77,512 shares of the chip maker’s stock worth $2,926,000 after buying an additional 4,213 shares in the last quarter. Edmond DE Rothschild Monaco bought a new stake in shares of Intel Corporation during the third quarter worth about $113,000. D.A. Davidson & CO. increased its stake in shares of Intel Corporation by 33.8% in the third quarter. D.A. Davidson & CO. now owns 723,780 shares of the chip maker’s stock worth $27,318,000 after buying an additional 182,910 shares in the last quarter. Finally, Sheets Smith Wealth Management increased its stake in shares of Intel Corporation by 0.5% in the third quarter. Sheets Smith Wealth Management now owns 17,445 shares of the chip maker’s stock worth $659,000 after buying an additional 93 shares in the last quarter. Institutional investors own 65.90% of the company’s stock.
Shares of Intel Corporation (NASDAQ:INTC) opened at 36.41 on Friday. The stock has a market capitalization of $172.40 billion, a P/E ratio of 17.17 and a beta of 1.03. Intel Corporation has a one year low of $28.38 and a one year high of $38.45. The company’s 50-day moving average is $36.62 and its 200-day moving average is $36.01.
Intel Corporation (NASDAQ:INTC) last issued its earnings results on Thursday, January 26th. The chip maker reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.04. The firm had revenue of $16.40 billion for the quarter, compared to analysts’ expectations of $15.75 billion. Intel Corporation had a net margin of 17.37% and a return on equity of 20.95%. The firm’s revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 earnings per share. On average, equities research analysts anticipate that Intel Corporation will post $2.78 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Investors of record on Tuesday, February 7th will be issued a $0.26 dividend. The ex-dividend date is Friday, February 3rd. This represents a $1.04 annualized dividend and a yield of 2.86%. Intel Corporation’s dividend payout ratio (DPR) is 49.29%.
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A number of analysts have issued reports on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $38.00 price target on shares of Intel Corporation in a report on Thursday. Needham & Company LLC reissued a “buy” rating and issued a $43.00 price objective on shares of Intel Corporation in a research note on Thursday. Loop Capital reissued a “buy” rating and issued a $42.00 price objective on shares of Intel Corporation in a research note on Tuesday. Citigroup Inc. reissued a “hold” rating on shares of Intel Corporation in a research note on Saturday, February 11th. Finally, Vetr raised shares of Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $39.62 price objective for the company in a research note on Monday. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $40.34.
In related news, EVP Diane M. Bryant sold 11,607 shares of the firm’s stock in a transaction that occurred on Wednesday, December 7th. The shares were sold at an average price of $34.74, for a total value of $403,227.18. Following the sale, the executive vice president now owns 112,006 shares of the company’s stock, valued at $3,891,088.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian M. Krzanich sold 79,051 shares of the firm’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $36.49, for a total transaction of $2,884,570.99. Following the completion of the sale, the chief executive officer now directly owns 394,406 shares in the company, valued at approximately $14,391,874.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 156,637 shares of company stock worth $5,732,128. 0.09% of the stock is owned by corporate insiders.
About Intel Corporation
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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