James Investment Research Inc. Increases Position in Intel Corporation (INTC)
James Investment Research Inc. increased its holdings in shares of Intel Corporation (NASDAQ:INTC) by 35.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 890,299 shares of the chip maker’s stock after purchasing an additional 233,079 shares during the period. Intel Corporation accounts for about 0.9% of James Investment Research Inc.’s holdings, making the stock its 28th biggest holding. James Investment Research Inc.’s holdings in Intel Corporation were worth $30,039,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also made changes to their positions in INTC. Watermark Asset Management Inc. purchased a new stake in Intel Corporation during the 1st quarter worth $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in Intel Corporation by 53.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after purchasing an additional 1,400 shares during the period. Vigilant Capital Management LLC boosted its position in Intel Corporation by 22.6% during the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after purchasing an additional 805 shares during the period. Farmers National Bank boosted its position in Intel Corporation by 5.1% in the 1st quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock valued at $183,000 after buying an additional 234 shares during the last quarter. Finally, ARP Americas LLC purchased a new position in Intel Corporation in the 1st quarter valued at about $202,000. 67.02% of the stock is owned by hedge funds and other institutional investors.
Shares of Intel Corporation (NASDAQ:INTC) traded up 0.25% during mid-day trading on Monday, hitting $39.73. 8,051,447 shares of the stock traded hands. Intel Corporation has a one year low of $33.23 and a one year high of $39.89. The company’s 50 day moving average is $36.48 and its 200 day moving average is $35.78. The firm has a market capitalization of $186.69 billion, a P/E ratio of 15.16 and a beta of 1.07.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 earnings per share. On average, equities analysts expect that Intel Corporation will post $3.01 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be paid a dividend of $0.2725 per share. The ex-dividend date is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a yield of 2.75%. Intel Corporation’s payout ratio is 41.76%.
A number of equities analysts have weighed in on INTC shares. Zacks Investment Research raised shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Wednesday, September 6th. ValuEngine cut shares of Intel Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Vetr raised shares of Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $41.56 price objective for the company in a research report on Thursday, August 24th. Credit Suisse Group reissued an “outperform” rating on shares of Intel Corporation in a research report on Thursday, August 31st. Finally, BidaskClub raised shares of Intel Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $40.68.
In other news, CEO Brian M. Krzanich sold 61,860 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $38.74, for a total value of $2,396,456.40. Following the sale, the chief executive officer now directly owns 543,948 shares in the company, valued at approximately $21,072,545.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $36.40, for a total transaction of $51,833.60. Following the completion of the sale, the insider now owns 1,536 shares in the company, valued at $55,910.40. The disclosure for this sale can be found here. Insiders have sold 81,608 shares of company stock worth $3,095,110 over the last quarter. Corporate insiders own 0.08% of the company’s stock.
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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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