Bedrijfstakpensioenfonds Voor DE Media PNO Acquires 97,014 Shares of Intel Corporation (NASDAQ:INTC)
Bedrijfstakpensioenfonds Voor DE Media PNO raised its stake in Intel Corporation (NASDAQ:INTC) by 338.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,714 shares of the chip maker’s stock after buying an additional 97,014 shares during the period. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Intel Corporation were worth $4,242,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of INTC. Norges Bank acquired a new stake in Intel Corporation during the fourth quarter valued at approximately $1,684,790,000. Schwab Charles Investment Management Inc. increased 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 valued at $860,668,000 after buying an additional 764,551 shares in the last quarter. Fisher Asset Management LLC increased 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 valued at $701,500,000 after buying an additional 623,698 shares in the last quarter. Sanders Capital LLC increased 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 valued at $545,383,000 after buying an additional 316,800 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Intel Corporation by 4.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,735,473 shares of the chip maker’s stock valued at $389,376,000 after buying an additional 417,669 shares in the last quarter. Institutional investors and hedge funds own 67.50% of the company’s stock.
Shares of Intel Corporation (INTC) traded down 0.44% during mid-day trading on Friday, reaching $35.98. The company’s stock had a trading volume of 9,118,944 shares. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $38.45. The company’s 50-day moving average price is $34.80 and its 200-day moving average price is $35.73. The stock has a market capitalization of $169.07 billion, a P/E ratio of 13.73 and a beta of 1.01.
Intel Corporation (NASDAQ:INTC) last issued its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The business had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $14.39 billion. During the same period in the prior year, the business earned $0.59 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities research analysts forecast that Intel Corporation will post $3.01 earnings per share for the current fiscal 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 issued a $0.2725 dividend. This represents a $1.09 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Thursday, August 3rd. Intel Corporation’s dividend payout ratio is 41.76%.
INTC has been the topic of several recent research reports. Zacks Investment Research downgraded shares of 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 target price on shares of Intel Corporation in a research report on Friday, July 14th. Bank of America Corporation downgraded shares of Intel Corporation from a “buy” rating to a “neutral” rating and cut their target price for the stock 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 target price on shares of Intel Corporation in a research report on Tuesday, July 4th. Finally, Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Intel Corporation in a research report on Friday, July 14th. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have issued a buy rating to the stock. Intel Corporation has a consensus rating of “Hold” and a consensus target price of $40.55.
In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $36.40, for a total value of $51,833.60. Following the completion of the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $55,910.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Robert Holmes Swan purchased 13,888 shares of Intel Corporation stock in a transaction dated Monday, June 5th. The stock was bought at an average cost of $36.31 per share, with a total value of $504,273.28. Following the completion of the transaction, the chief financial officer now owns 8,774 shares in the company, valued at approximately $318,583.94. The disclosure for this purchase can be found here. Insiders sold a total of 91,921 shares of company stock valued at $3,130,162 over the last quarter. Company insiders own 0.09% of the company’s stock.
Intel Corporation Company Profile
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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