Trade Report: Today: F&V Capital Management LLC Boosts Stake in Intel Co. (INTC)

Today: F&V Capital Management LLC Boosts Stake in Intel Co. (INTC)

F&V Capital Management LLC raised its stake in shares of Intel Co. (NASDAQ:INTC) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 114,205 shares of the chip maker’s stock after buying an additional 320 shares during the period. Intel comprises about 3.0% of F&V Capital Management LLC’s holdings, making the stock its 15th largest position. F&V Capital Management LLC’s holdings in Intel were worth $4,311,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Global X Management Co. LLC increased its position in shares of Intel 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 last quarter. Penserra Capital Management LLC increased its position in shares of Intel 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 last quarter. Nelson Roberts Investment Advisors LLC increased its position in shares of Intel by 55.3% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 3,443 shares of the chip maker’s stock valued at $113,000 after buying an additional 1,226 shares during the last quarter. Proficio Capital Partners LLC increased its position in shares of Intel 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 last quarter. Finally, Financial Management Professionals Inc. increased its position in shares of Intel 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 last quarter. Hedge funds and other institutional investors own 64.89% of the company’s stock.

Shares of Intel Co. (NASDAQ:INTC) traded up 0.20% during midday trading on Monday, reaching $35.51. 13,524,162 shares of the company’s stock were exchanged. The stock has a market cap of $168.28 billion, a price-to-earnings ratio of 16.66 and a beta of 1.07. The firm has a 50 day moving average of $35.46 and a 200-day moving average of $34.41. Intel Co. has a one year low of $27.68 and a one year high of $38.36.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Tuesday, October 18th. The chip maker reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.07. Intel had a net margin of 17.90% and a return on equity of 21.05%. The firm had revenue of $15.78 billion for the quarter, compared to analysts’ expectations of $15.58 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities research analysts anticipate that Intel Co. will post $2.67 earnings per share for the current year.

The company also recently declared 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 2.92%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel’s payout ratio is 49.06%.

Several equities analysts have issued reports on INTC shares. Jefferies Group reiterated a “buy” rating on shares of Intel in a research report on Wednesday, August 3rd. Nomura set a $38.00 target price on Intel and gave the stock a “buy” rating in a research report on Tuesday, August 2nd. B. Riley restated a “buy” rating and set a $42.00 target price on shares of Intel in a research report on Wednesday, August 17th. Deutsche Bank AG restated a “buy” rating and set a $40.00 target price on shares of Intel in a research report on Friday, August 19th. Finally, Canaccord Genuity restated a “buy” rating and set a $40.00 target price on shares of Intel in a research report on Tuesday, August 23rd. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $39.71.

In other news, EVP Stacy J. Smith sold 29,497 shares of the stock in a transaction that occurred on Thursday, October 20th. The shares were sold at an average price of $35.38, for a total transaction of $1,043,603.86. Following the sale, the executive vice president now owns 257,695 shares in the company, valued at $9,117,249.10. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Venkata S. M. Renduchintala sold 13,997 shares of the stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $34.92, for a total transaction of $488,775.24. Following the sale, the executive vice president now owns 817 shares in the company, valued at approximately $28,529.64. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Intel 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.

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