Ronald Blue & Co. LLC Grows Holdings in Intel Corporation (INTC)
Ronald Blue & Co. LLC boosted its holdings in Intel Corporation (NASDAQ:INTC) by 10.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,387 shares of the chip maker’s stock after purchasing an additional 2,494 shares during the quarter. Ronald Blue & Co. LLC’s holdings in Intel Corporation were worth $924,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. lifted 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 during the last quarter. Fisher Asset Management LLC lifted 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 during the last quarter. Sanders Capital LLC lifted 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 during the last quarter. Russell Investments Group Ltd. lifted its stake in Intel Corporation by 7.6% in the second quarter. Russell Investments Group Ltd. now owns 9,761,964 shares of the chip maker’s stock valued at $329,427,000 after buying an additional 686,808 shares during the last quarter. Finally, DnB Asset Management AS lifted its stake in 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 last quarter. 67.02% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on the company. Stifel Nicolaus raised their target price on Intel Corporation from $41.00 to $46.00 and gave the company a “buy” rating in a research note on Friday. Goldman Sachs Group, Inc. (The) reiterated a “hold” rating on shares of Intel Corporation in a research note on Wednesday. Vetr upgraded Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $49.90 target price on the stock in a research note on Tuesday. Susquehanna Bancshares Inc raised their target price on Intel Corporation from $45.00 to $46.00 and gave the company a “positive” rating in a research note on Tuesday, October 10th. Finally, Mizuho reiterated a “buy” rating and issued a $45.00 target price (up from $42.00) on shares of Intel Corporation in a research note on Monday, October 9th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. Intel Corporation currently has a consensus rating of “Hold” and an average price target of $41.24.
Shares of Intel Corporation (NASDAQ INTC) opened at 40.43 on Friday. The company has a market capitalization of $189.98 billion, a PE ratio of 15.43 and a beta of 1.07. The firm has a 50-day moving average price of $37.91 and a 200-day moving average price of $36.09. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $40.45.
Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. During the same quarter last year, the company earned $0.59 EPS. The company’s revenue was up 9.1% on a year-over-year basis. On average, equities research analysts predict that Intel Corporation will post $3.01 EPS for the current year.
The business 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 of this dividend is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a yield of 2.70%. Intel Corporation’s dividend payout ratio (DPR) is presently 41.76%.
In other Intel Corporation news, CEO Brian M. Krzanich sold 61,860 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the transaction, the chief executive officer now 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 through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 13,996 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $35.47, for a total value of $496,438.12. Following the transaction, the insider now owns 1,536 shares in the company, valued at approximately $54,481.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 81,608 shares of company stock worth $3,095,110. Corporate insiders own 0.08% of the company’s stock.
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Intel Corporation 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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