Oak Associates Ltd. OH boosted its stake in shares of Intel Corp. (NASDAQ:INTC) by 3.4% during the second quarter, Holdings Channel reports. The firm owned 212,631 shares of the chip maker’s stock after buying an additional 7,022 shares during the period. Intel Corp. makes up approximately 0.8% of Oak Associates Ltd. OH’s investment portfolio, making the stock its 29th largest position. Oak Associates Ltd. OH’s holdings in Intel Corp. were worth $6,974,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of INTC. Carnick & Kubik LLC purchased a new stake in Intel Corp. during the first quarter valued at $100,000. Global X Management Co. LLC boosted its stake in Intel Corp. by 52.0% in the second quarter. Global X Management Co. LLC now owns 3,037 shares of the chip maker’s stock valued at $100,000 after buying an additional 1,039 shares during the period. Penserra Capital Management LLC boosted its stake in Intel Corp. by 36.3% in the second quarter. Penserra Capital Management LLC now owns 3,178 shares of the chip maker’s stock valued at $104,000 after buying an additional 847 shares during the period. Proficio Capital Partners LLC boosted its stake in Intel Corp. by 143.0% in the second quarter. Proficio Capital Partners LLC now owns 3,395 shares of the chip maker’s stock valued at $118,000 after buying an additional 1,998 shares during the period. Finally, Financial Management Professionals Inc. boosted its stake in Intel Corp. by 18.7% in the second quarter. Financial Management Professionals Inc. now owns 3,960 shares of the chip maker’s stock valued at $129,000 after buying an additional 625 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.
Intel Corp. (NASDAQ:INTC) opened at 34.74 on Friday. Intel Corp. has a 12-month low of $27.68 and a 12-month high of $38.36. The company has a 50-day moving average price of $36.72 and a 200-day moving average price of $33.90. The firm has a market cap of $164.46 billion, a P/E ratio of 16.30 and a beta of 1.09.
Intel Corp. (NASDAQ:INTC) last posted its earnings results on Tuesday, October 18th. The chip maker reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.07. The company earned $15.78 billion during the quarter, compared to analyst estimates of $15.58 billion. Intel Corp. had a return on equity of 20.75% and a net margin of 17.90%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.64 EPS. On average, analysts predict that Intel Corp. will post $2.66 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 annualized dividend and a dividend yield of 2.99%. Intel Corp.’s payout ratio is currently 49.06%.
Several equities analysts have recently commented on INTC shares. Jefferies Group upped their price objective on shares of Intel Corp. from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, July 20th. Nomura restated a “buy” rating and issued a $35.00 price objective on shares of Intel Corp. in a report on Tuesday, July 19th. Brean Capital upped their price objective on shares of Intel Corp. from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, July 18th. Canaccord Genuity upped their price objective on shares of Intel Corp. from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, July 18th. Finally, B. Riley restated a “buy” rating and issued a $42.00 price objective on shares of Intel Corp. in a report on Thursday, July 21st. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $39.91.
In other news, CEO Brian M. Krzanich sold 67,508 shares of Intel Corp. stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $37.71, for a total transaction of $2,545,726.68. Following the transaction, the chief executive officer now owns 420,506 shares in the company, valued at approximately $15,857,281.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Andy D. Bryant sold 24,383 shares of Intel Corp. stock in a transaction dated Thursday, October 20th. The shares were sold at an average price of $35.35, for a total value of $861,939.05. Following the transaction, the chairman now owns 399,940 shares in the company, valued at approximately $14,137,879. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.
About Intel Corp.
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.