Retirement Capital Strategies held its stake in Intel Corporation (NASDAQ:INTC) during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 39,159 shares of the chip maker’s stock at the close of the 2nd quarter. Intel Corporation comprises about 0.7% of Retirement Capital Strategies’ holdings, making the stock its 9th largest position. Retirement Capital Strategies’ holdings in Intel Corporation were worth $1,318,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in INTC. First Personal Financial Services raised its holdings in Intel Corporation by 92.6% during the 2nd quarter. First Personal Financial Services now owns 80,523 shares of the chip maker’s stock valued at $2,717,000 after buying an additional 38,717 shares during the last quarter. Beacon Investment Advisory Services Inc. raised its holdings in Intel Corporation by 23.7% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 24,515 shares of the chip maker’s stock valued at $827,000 after buying an additional 4,701 shares during the last quarter. Hartland & Co. LLC raised its holdings in Intel Corporation by 5.9% during the 2nd quarter. Hartland & Co. LLC now owns 111,115 shares of the chip maker’s stock valued at $3,749,000 after buying an additional 6,172 shares during the last quarter. Deprince Race & Zollo Inc. raised its holdings in Intel Corporation by 9.3% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,290,930 shares of the chip maker’s stock valued at $43,556,000 after buying an additional 109,555 shares during the last quarter. Finally, Taurus Asset Management LLC raised its holdings in Intel Corporation by 10.7% during the 2nd quarter. Taurus Asset Management LLC now owns 42,940 shares of the chip maker’s stock valued at $1,449,000 after buying an additional 4,150 shares during the last quarter. Hedge funds and other institutional investors own 67.17% of the company’s stock.
In related news, EVP Diane M. Bryant sold 570 shares of Intel Corporation stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $44.49, for a total value of $25,359.30. Following the completion of the sale, the executive vice president now directly owns 110,850 shares in the company, valued at $4,931,716.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of Intel Corporation stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total value of $66,543.52. Following the completion of the sale, the insider now owns 1,536 shares of the company’s stock, valued at $71,777.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 659,036 shares of company stock valued at $28,872,880. Corporate insiders own 0.08% of the company’s stock.
Shares of Intel Corporation (INTC) opened at $45.86 on Wednesday. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $47.30. The firm has a market capitalization of $214,110.00, a price-to-earnings ratio of 14.39, a PEG ratio of 1.67 and a beta of 1.09. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60.
Intel Corporation (NASDAQ:INTC) last released its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.21. Intel Corporation had a return on equity of 22.65% and a net margin of 22.31%. The business had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $15.73 billion. During the same period last year, the company earned $0.80 earnings per share. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. equities research analysts predict that Intel Corporation will post 3.25 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be given a dividend of $0.2725 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 annualized dividend and a dividend yield of 2.38%. Intel Corporation’s dividend payout ratio (DPR) is 38.11%.
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INTC has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Wednesday, September 6th. ValuEngine lowered shares of Intel Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Vetr upgraded shares of Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $41.56 price target for the company in a report on Thursday, August 24th. Credit Suisse Group reiterated an “outperform” rating on shares of Intel Corporation in a report on Thursday, August 31st. Finally, Stifel Nicolaus upped their price target on shares of Intel Corporation from $41.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 20th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $43.28.
Intel Corporation Company 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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