Assenagon Asset Management S.A. Has $506,000 Position in Intel Corporation (NASDAQ:INTC)
Assenagon Asset Management S.A. maintained its stake in Intel Corporation (NASDAQ:INTC) during the second quarter, Holdings Channel reports. The institutional investor owned 15,000 shares of the chip maker’s stock at the end of the second quarter. Assenagon Asset Management S.A.’s holdings in Intel Corporation were worth $506,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of INTC. Norges Bank purchased a new stake in Intel Corporation during the fourth quarter worth approximately $1,684,790,000. Schwab Charles Investment Management Inc. boosted its stake in Intel Corporation by 3.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 23,861,041 shares of the chip maker’s stock worth $860,668,000 after buying an additional 764,551 shares during the period. Fisher Asset Management LLC boosted its stake in Intel Corporation by 3.1% in the second quarter. Fisher Asset Management LLC now owns 20,791,355 shares of the chip maker’s stock worth $701,500,000 after buying an additional 623,698 shares during the period. Sanders Capital LLC boosted its stake in Intel Corporation by 2.2% in the first quarter. Sanders Capital LLC now owns 14,736,874 shares of the chip maker’s stock worth $545,383,000 after buying an additional 316,800 shares during the period. Finally, AQR Capital Management LLC boosted its stake in Intel Corporation by 0.3% in the fourth quarter. AQR Capital Management LLC now owns 12,245,831 shares of the chip maker’s stock worth $444,156,000 after buying an additional 32,040 shares during the period. Institutional investors own 67.50% of the company’s stock.
Shares of Intel Corporation (NASDAQ INTC) traded up 0.464% during midday trading on Tuesday, hitting $36.599. 5,254,373 shares of the stock traded hands. The firm has a 50-day moving average price of $34.56 and a 200 day moving average price of $35.72. Intel Corporation has a one year low of $33.23 and a one year high of $38.45. The stock has a market cap of $171.98 billion, a price-to-earnings ratio of 13.969 and a beta of 1.01.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $14.39 billion. During the same quarter in the prior year, the firm earned $0.59 EPS. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts anticipate that Intel Corporation will post $3.01 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 7th will be paid a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Thursday, August 3rd. Intel Corporation’s payout ratio is 41.76%.
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A number of analysts recently commented on INTC shares. Zacks Investment Research cut Intel Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Stifel Nicolaus reiterated a “buy” rating and set a $39.00 price objective on shares of Intel Corporation in a research report on Friday, July 14th. Bank of America Corporation cut Intel Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $42.00 to $38.00 in a research report on Wednesday, June 21st. Credit Suisse Group reiterated a “neutral” rating and set a $35.00 price objective on shares of Intel Corporation in a research report on Tuesday, July 4th. Finally, Vetr upgraded Intel Corporation from a “hold” rating to a “buy” rating and set a $37.50 price objective for the company in a research report on Monday, April 10th. 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. Intel Corporation currently has an average rating of “Hold” and an average target price of $40.55.
In other news, CFO Robert Holmes Swan bought 13,888 shares of Intel Corporation stock in a transaction on Monday, June 5th. The stock was purchased at an average cost of $36.31 per share, with a total value of $504,273.28. Following the purchase, the chief financial officer now directly owns 8,774 shares of the company’s stock, valued at approximately $318,583.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Venkata S. M. Renduchintala sold 13,996 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $35.47, for a total transaction of $496,438.12. Following the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at $54,481.92. The disclosure for this sale can be found here. Insiders have sold a total of 90,497 shares of company stock valued at $3,078,329 over the last three months. 0.09% of the stock is currently owned by company insiders.
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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