Trading Report: Today: Intel Corp. (INTC) Stake Increased by John G Ullman & Associates Inc.

Today: Intel Corp. (INTC) Stake Increased by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. increased its position in shares of Intel Corp. (NASDAQ:INTC) by 3.4% during the second quarter, Holdings Channel reports. The fund owned 364,825 shares of the chip maker’s stock after buying an additional 12,000 shares during the period. Intel Corp. accounts for approximately 2.5% of John G Ullman & Associates Inc.’s holdings, making the stock its 9th largest position. John G Ullman & Associates Inc.’s holdings in Intel Corp. were worth $11,966,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Institutional Capital LLC raised its stake in Intel Corp. by 360.2% in the first quarter. Institutional Capital LLC now owns 10,182,033 shares of the chip maker’s stock worth $329,388,000 after buying an additional 7,969,512 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new stake in Intel Corp. during the first quarter worth $132,302,000. Natixis raised its stake in Intel Corp. by 1,486.7% in the first quarter. Natixis now owns 3,005,998 shares of the chip maker’s stock worth $97,244,000 after buying an additional 2,816,554 shares during the last quarter. Geode Capital Management LLC raised its stake in Intel Corp. by 5.8% in the first quarter. Geode Capital Management LLC now owns 44,204,897 shares of the chip maker’s stock worth $1,427,513,000 after buying an additional 2,414,858 shares during the last quarter. Finally, Primecap Management Co. CA raised its stake in Intel Corp. by 6.0% in the first quarter. Primecap Management Co. CA now owns 31,713,985 shares of the chip maker’s stock worth $1,025,947,000 after buying an additional 1,808,825 shares during the last quarter. Institutional investors and hedge funds own 64.77% of the company’s stock.

Shares of Intel Corp. (NASDAQ:INTC) traded up 1.30% during mid-day trading on Friday, hitting $37.45. 19,123,944 shares of the stock traded hands. The stock has a market cap of $177.18 billion, a PE ratio of 18.16 and a beta of 1.09. Intel Corp. has a one year low of $27.68 and a one year high of $38.36. The stock has a 50-day moving average of $36.86 and a 200 day moving average of $33.65.

Intel Corp. (NASDAQ:INTC) last posted its earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.06. The firm earned $13.50 billion during the quarter, compared to the consensus estimate of $13.54 billion. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The company’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS. Equities analysts predict that Intel Corp. will post $2.58 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Thursday, November 3rd. Intel Corp.’s dividend payout ratio (DPR) is presently 50.24%.

INTC has been the topic of a number of research reports. Sanford C. Bernstein reiterated an “underperform” rating and issued a $26.00 price objective on shares of Intel Corp. in a research note on Monday, June 20th. Zacks Investment Research upgraded shares of Intel Corp. from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Tuesday, June 21st. Vetr lowered shares of Intel Corp. from a “buy” rating to a “hold” rating and set a $32.02 price objective on the stock. in a research note on Wednesday, June 22nd. Argus reiterated a “buy” rating and issued a $41.00 price objective on shares of Intel Corp. in a research note on Wednesday, June 29th. Finally, Citigroup Inc. restated a “neutral” rating and set a $35.00 price target (up previously from $31.00) on shares of Intel Corp. in a research report on Thursday, June 30th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-two have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $39.73.

In other Intel Corp. news, CEO Brian M. Krzanich sold 67,508 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $37.71, for a total value of $2,545,726.68. Following the completion of the sale, the chief executive officer now owns 420,506 shares of the company’s stock, valued at $15,857,281.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gregory R. Pearson sold 250,192 shares of the stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $36.50, for a total transaction of $9,132,008.00. Following the completion of the sale, the vice president now directly owns 92,826 shares of the company’s stock, valued at approximately $3,388,149. The disclosure for this sale can be found here. Corporate 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.

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