Numeric Investors LLC Sells 280,800 Shares of Intel Corporation (INTC)
Numeric Investors LLC decreased its holdings in Intel Corporation (NASDAQ:INTC) by 45.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 331,600 shares of the chip maker’s stock after selling 280,800 shares during the period. Numeric Investors LLC owned 0.08% of Intel worth $11,188,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of INTC. Vanguard Group Inc. increased its stake in shares of Intel by 2.5% in the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after purchasing an additional 8,087,302 shares in the last quarter. Glenview Capital Management LLC purchased a new position in shares of Intel in the first quarter worth about $177,881,000. Parametric Portfolio Associates LLC increased its stake in shares of Intel by 40.8% in the second quarter. Parametric Portfolio Associates LLC now owns 13,907,294 shares of the chip maker’s stock worth $469,232,000 after purchasing an additional 4,029,462 shares in the last quarter. DnB Asset Management AS increased its stake in shares of Intel by 72.2% in the second quarter. DnB Asset Management AS now owns 9,355,948 shares of the chip maker’s stock worth $315,670,000 after purchasing an additional 3,922,470 shares in the last quarter. Finally, Epoch Investment Partners Inc. increased its stake in shares of Intel by 90.7% in the second quarter. Epoch Investment Partners Inc. now owns 3,743,008 shares of the chip maker’s stock worth $126,288,000 after purchasing an additional 1,779,919 shares in the last quarter. Hedge funds and other institutional investors own 67.69% of the company’s stock.
Shares of Intel Corporation (NASDAQ INTC) opened at $43.35 on Friday. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $47.30. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39. The company has a market cap of $203,346.00, a price-to-earnings ratio of 13.66, a P/E/G ratio of 1.59 and a beta of 1.06.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.21. Intel had a net margin of 22.31% and a return on equity of 22.65%. The company had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. During the same period in the prior year, the business posted $0.80 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. equities analysts anticipate that Intel Corporation will post 3.25 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th were given a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Monday, November 6th. Intel’s payout ratio is currently 38.11%.
Several brokerages recently commented on INTC. Instinet boosted their price objective on shares of Intel to $50.00 and gave the company a “buy” rating in a research note on Tuesday. Canaccord Genuity boosted their price objective on shares of Intel from $41.00 to $45.00 and gave the company a “hold” rating in a research note on Friday, November 17th. Barclays reaffirmed a “buy” rating and set a $55.00 price objective on shares of Intel in a research note on Monday, November 13th. Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 price objective on shares of Intel in a research note on Wednesday, November 1st. Finally, BMO Capital Markets raised shares of Intel from a “market perform” rating to an “outperform” rating in a research note on Monday, October 30th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $43.68.
In other Intel news, CEO Brian M. Krzanich sold 61,860 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were 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 directly owns 543,948 shares of the company’s stock, valued at approximately $21,072,545.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction of $39,323,708.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,548,914 shares of company stock worth $68,196,589. Insiders own 0.08% of the company’s stock.
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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