Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Intel Corporation (NASDAQ:INTC) by 3.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,643,610 shares of the chip maker’s stock after acquiring an additional 543,719 shares during the quarter. Intel Corporation comprises 0.7% of Sumitomo Mitsui Trust Holdings Inc.’s portfolio, making the stock its 28th biggest position. Sumitomo Mitsui Trust Holdings Inc. owned about 0.31% of Intel Corporation worth $494,075,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in INTC. Dowling & Yahnke LLC increased its stake in Intel Corporation by 1.4% during the first quarter. Dowling & Yahnke LLC now owns 196,323 shares of the chip maker’s stock worth $7,081,000 after acquiring an additional 2,682 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in Intel Corporation during the first quarter worth about $268,000. Lourd Capital LLC increased its stake in Intel Corporation by 1.1% during the first quarter. Lourd Capital LLC now owns 9,094 shares of the chip maker’s stock worth $328,000 after acquiring an additional 99 shares during the last quarter. Virtu Financial LLC acquired a new stake in Intel Corporation during the first quarter worth about $822,000. Finally, Alerus Financial NA boosted its position in shares of Intel Corporation by 3.5% in the first quarter. Alerus Financial NA now owns 66,462 shares of the chip maker’s stock worth $2,397,000 after buying an additional 2,238 shares during the period. Institutional investors own 66.90% of the company’s stock.
Several equities research analysts have recently weighed in on INTC shares. Zacks Investment Research raised Intel Corporation from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Wednesday, September 6th. ValuEngine downgraded Intel Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Vetr raised Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $41.56 target price for the company in a research report on Thursday, August 24th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Intel Corporation in a research report on Thursday, August 31st. Finally, Stifel Nicolaus upped their target price on Intel Corporation from $41.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. 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 assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $43.40.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 analyst estimates of $15.73 billion. During the same period last year, the company earned $0.80 earnings per share. Intel Corporation’s quarterly revenue was up 2.4% compared to the same quarter last year. analysts predict that Intel Corporation will post 3.25 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be issued 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 2.43%. Intel Corporation’s dividend payout ratio is 38.11%.
In related news, Chairman Andy D. Bryant sold 89,087 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $44.80, for a total transaction of $3,991,097.60. Following the completion of the sale, the chairman now directly owns 428,789 shares in the company, valued at $19,209,747.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Diane M. Bryant sold 570 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $44.49, for a total value of $25,359.30. Following the sale, the executive vice president now owns 110,850 shares of the company’s stock, valued at $4,931,716.50. 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. 0.08% of the stock is owned by corporate insiders.
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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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