Gemmer Asset Management LLC raised its position in shares of Intel Corp. (NASDAQ:INTC) by 0.0% during the second quarter, Holdings Channel reports. The firm owned 8,720 shares of the chip maker’s stock after buying an additional 3 shares during the period. Gemmer Asset Management LLC’s holdings in Intel Corp. were worth $286,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. John G Ullman & Associates Inc. increased its stake in shares of Intel Corp. by 3.4% in the second quarter. John G Ullman & Associates Inc. now owns 364,825 shares of the chip maker’s stock worth $11,966,000 after buying an additional 12,000 shares in the last quarter. YHB Investment Advisors Inc. increased its stake in shares of Intel Corp. by 3.6% in the second quarter. YHB Investment Advisors Inc. now owns 41,028 shares of the chip maker’s stock worth $1,346,000 after buying an additional 1,435 shares in the last quarter. Profit Investment Management LLC increased its stake in shares of Intel Corp. by 1.6% in the second quarter. Profit Investment Management LLC now owns 19,557 shares of the chip maker’s stock worth $641,000 after buying an additional 316 shares in the last quarter. Dynamic Advisors Solutions LLC increased its stake in shares of Intel Corp. by 57.4% in the second quarter. Dynamic Advisors Solutions LLC now owns 57,287 shares of the chip maker’s stock worth $1,879,000 after buying an additional 20,888 shares in the last quarter. Finally, Botty Investors LLC increased its stake in shares of Intel Corp. by 18.6% in the second quarter. Botty Investors LLC now owns 42,060 shares of the chip maker’s stock worth $1,380,000 after buying an additional 6,590 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Intel Corp. (NASDAQ:INTC) traded down 0.43% during mid-day trading on Monday, reaching $37.29. The company’s stock had a trading volume of 15,788,142 shares. The firm has a market cap of $176.42 billion, a price-to-earnings ratio of 18.08 and a beta of 1.09. The company’s 50-day moving average is $36.91 and its 200 day moving average is $33.70. Intel Corp. has a 12 month low of $27.68 and a 12 month high of $38.36.
Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The company earned $13.50 billion during the quarter, compared to the consensus estimate of $13.54 billion. During the same period in the previous year, the firm posted $0.55 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. On average, equities analysts anticipate that Intel Corp. will post $2.58 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s dividend payout ratio is currently 50.24%.
A number of brokerages have commented on INTC. Wells Fargo & Co. reiterated an “outperform” rating and issued a $45.00 price objective on shares of Intel Corp. in a research report on Monday. Sanford C. Bernstein set a $35.00 price objective on Intel Corp. and gave the stock a “neutral” rating in a research report on Friday. Vetr downgraded Intel Corp. from a “strong-buy” rating to a “buy” rating and set a $41.20 price objective for the company. in a research report on Wednesday, October 12th. Pacific Crest reiterated a “buy” rating and issued a $44.00 price objective on shares of Intel Corp. in a research report on Thursday, October 6th. Finally, BlueFin Research reiterated a “buy” rating on shares of Intel Corp. in a research report on Monday, October 3rd. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirty-two have given a buy rating to the company. Intel Corp. presently has an average rating of “Buy” and a consensus price target of $39.73.
In other news, EVP Venkata S. M. Renduchintala sold 13,997 shares of Intel Corp. stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $34.71, for a total transaction of $485,835.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Andy D. Bryant sold 445,095 shares of the business’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $34.69, for a total transaction of $15,440,345.55. Following the completion of the sale, the chairman now directly owns 399,557 shares of the company’s stock, valued at $13,860,632.33. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.
Intel Corp. Company Profile
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.