Mandatum Life Insurance Co Ltd Continues to Hold Position in Intel Corporation (INTC)
Mandatum Life Insurance Co Ltd continued to hold its stake in shares of Intel Corporation (NASDAQ:INTC) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,546 shares of the chip maker’s stock at the end of the first quarter. Mandatum Life Insurance Co Ltd’s holdings in Intel Corporation were worth $2,977,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. Sigma Planning Corp raised its stake in shares of Intel Corporation by 0.5% in the first quarter. Sigma Planning Corp now owns 64,672 shares of the chip maker’s stock worth $2,333,000 after buying an additional 335 shares during the last quarter. RB Capital Management LLC purchased a new stake in shares of Intel Corporation during the fourth quarter worth about $858,000. Ellington Management Group LLC purchased a new stake in shares of Intel Corporation during the fourth quarter worth about $203,000. Assenagon Asset Management S.A. purchased a new stake in shares of Intel Corporation during the fourth quarter worth about $544,000. Finally, Wsfs Capital Management LLC purchased a new stake in shares of Intel Corporation during the fourth quarter worth about $280,000. 67.41% of the stock is currently owned by institutional investors.
Shares of Intel Corporation (INTC) opened at 36.30 on Friday. The firm has a market cap of $170.57 billion, a price-to-earnings ratio of 13.85 and a beta of 1.01. The company’s 50-day moving average is $34.56 and its 200-day moving average is $35.72. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $38.45.
Intel Corporation (NASDAQ:INTC) last released its earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The business had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $14.39 billion. During the same period in the previous year, the firm earned $0.59 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities research analysts forecast that Intel Corporation will post $3.01 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 7th will be issued a $0.2725 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.00%. Intel Corporation’s payout ratio is currently 41.76%.
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A number of analysts have issued reports on INTC shares. Zacks Investment Research lowered Intel Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. BidaskClub raised Intel Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Credit Suisse Group set a $35.00 target price on Intel Corporation and gave the company a “hold” rating in a research report on Saturday, July 29th. Macquarie reissued an “outperform” rating and issued a $40.00 target price on shares of Intel Corporation in a research report on Friday, July 14th. Finally, Mizuho reissued a “buy” rating and issued a $42.00 target price on shares of Intel Corporation in a research report on Tuesday, April 11th. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.56.
In other news, insider Venkata S. M. Renduchintala sold 13,996 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $35.47, for a total transaction of $496,438.12. Following the sale, the insider now owns 1,536 shares in the company, valued at $54,481.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Diane M. Bryant sold 2,119 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $34.68, for a total transaction of $73,486.92. Following the sale, the executive vice president now owns 108,471 shares in the company, valued at approximately $3,761,774.28. The disclosure for this sale can be found here. Insiders sold a total of 90,497 shares of company stock worth $3,078,329 over the last quarter. Insiders own 0.09% of the company’s stock.
About Intel Corporation
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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