Harbour Capital Advisors LLC increased its position in shares of Intel Corporation (NASDAQ:INTC) by 2,895.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,031 shares of the chip maker’s stock after purchasing an additional 77,359 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Intel Corporation were worth $2,372,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Summit Asset Management LLC lifted its stake in Intel Corporation by 0.7% during the first quarter. Summit Asset Management LLC now owns 6,281 shares of the chip maker’s stock worth $227,000 after purchasing an additional 46 shares during the last quarter. First Hawaiian Bank lifted its stake in Intel Corporation by 0.9% during the first quarter. First Hawaiian Bank now owns 5,769 shares of the chip maker’s stock worth $208,000 after purchasing an additional 50 shares during the last quarter. Conservest Capital Advisors Inc. lifted its stake in Intel Corporation by 0.6% during the second quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock worth $302,000 after purchasing an additional 51 shares during the last quarter. Hudock Capital Group LLC lifted its stake in Intel Corporation by 0.4% during the first quarter. Hudock Capital Group LLC now owns 12,570 shares of the chip maker’s stock worth $453,000 after purchasing an additional 53 shares during the last quarter. Finally, Benin Management CORP lifted its stake in Intel Corporation by 0.3% during the second quarter. Benin Management CORP now owns 26,055 shares of the chip maker’s stock worth $879,000 after purchasing an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 67.02% of the company’s stock.
Shares of Intel Corporation (INTC) opened at 39.19 on Friday. The stock’s 50 day moving average price is $37.02 and its 200-day moving average price is $35.91. The company has a market capitalization of $184.15 billion, a PE ratio of 14.96 and a beta of 1.07. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $39.95.
Intel Corporation (NASDAQ:INTC) last announced its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. The company had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 earnings per share. On average, analysts expect that Intel Corporation will post $3.01 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders 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 dividend yield of 2.78%. Intel Corporation’s dividend payout ratio (DPR) is currently 41.76%.
A number of equities research analysts have issued reports on the company. B. Riley reiterated a “buy” rating and issued a $46.00 target price on shares of Intel Corporation in a research note on Friday, July 28th. Bank of America Corporation cut Intel Corporation from a “buy” rating to a “neutral” rating and cut their target price for the company from $42.00 to $38.00 in a research note on Wednesday, June 21st. Summit Redstone reiterated a “hold” rating on shares of Intel Corporation in a research note on Saturday, July 22nd. BMO Capital Markets reiterated a “market perform” rating and issued a $34.00 target price on shares of Intel Corporation in a research note on Sunday, July 30th. Finally, Hilliard Lyons assumed coverage on Intel Corporation in a research note on Wednesday, July 12th. They issued a “buy” rating and a $41.00 target price on the stock. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $40.75.
In other news, CEO Brian M. Krzanich sold 61,860 shares of the stock in a transaction that occurred 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 $21,072,545.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Diane M. Bryant sold 1,639 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $34.65, for a total value of $56,791.35. Following the transaction, the executive vice president now owns 114,542 shares in the company, valued at approximately $3,968,880.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 81,608 shares of company stock worth $3,095,110. 0.08% of the stock is owned by corporate insiders.
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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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