Bollard Group LLC Has $615,000 Position in Intel Corporation (INTC)
Bollard Group LLC increased its position in shares of Intel Corporation (NASDAQ:INTC) by 0.8% during the second quarter, Holdings Channel reports. The fund owned 18,242 shares of the chip maker’s stock after buying an additional 136 shares during the period. Bollard Group LLC’s holdings in Intel Corporation were worth $615,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of INTC. Norges Bank acquired a new stake in shares of Intel Corporation during the fourth quarter valued at about $1,684,790,000. Schwab Charles Investment Management Inc. increased its stake in shares of 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 during the period. Fisher Asset Management LLC increased its stake in shares of 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 during the period. Sanders Capital LLC increased its stake in shares of 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 during the period. Finally, DnB Asset Management AS increased its stake in shares of Intel Corporation by 72.2% in the second quarter. DnB Asset Management AS now owns 9,355,948 shares of the chip maker’s stock valued at $315,670,000 after buying an additional 3,922,470 shares during the period. 67.31% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Intel Corporation (NASDAQ:INTC) traded down 0.45% during trading on Friday, reaching $35.01. The company’s stock had a trading volume of 16,231,408 shares. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $38.45. The company has a 50 day moving average price of $35.09 and a 200 day moving average price of $35.65. The firm has a market capitalization of $164.51 billion, a P/E ratio of 13.36 and a beta of 1.01.
Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The company had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. During the same quarter in the prior year, the company posted $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 expect that Intel Corporation will post $3.01 EPS for the current fiscal year.
The firm also recently declared 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 dividend yield of 3.11%. The ex-dividend date is Thursday, August 3rd. Intel Corporation’s dividend payout ratio is presently 41.76%.
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Several analysts recently issued reports on the company. Jefferies Group LLC reissued an “underperform” rating and set a $30.00 target price (up previously from $29.00) on shares of Intel Corporation in a research note on Friday, July 28th. They noted that the move was a valuation call. Sanford C. Bernstein set a $30.00 target price on Intel Corporation and gave the company a “sell” rating in a research note on Tuesday. Hilliard Lyons assumed coverage on Intel Corporation in a research note on Wednesday, July 12th. They set a “buy” rating and a $41.00 target price on the stock. Canaccord Genuity reissued a “hold” rating on shares of Intel Corporation in a research note on Saturday, June 3rd. Finally, Northland Securities set a $40.00 target price on Intel Corporation and gave the company a “hold” rating in a research note on Friday, July 28th. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-seven have given a buy rating to the company. Intel Corporation presently has an average rating of “Hold” and a consensus target price of $40.55.
In other Intel Corporation news, CFO Robert Holmes Swan purchased 13,888 shares of Intel Corporation stock in a transaction on Monday, June 5th. The shares were bought at an average price 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 in the company, valued at approximately $318,583.94. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brian M. Krzanich sold 72,173 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $33.69, for a total value of $2,431,508.37. Following the transaction, the chief executive officer now directly owns 534,746 shares in the company, valued at approximately $18,015,592.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 91,921 shares of company stock worth $3,130,162. Corporate 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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