Foundry Partners LLC raised its position in Intel Co. (NASDAQ:INTC) by 57.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 660,720 shares of the chip maker’s stock after buying an additional 241,235 shares during the period. Intel accounts for about 1.3% of Foundry Partners LLC’s holdings, making the stock its 4th largest position. Foundry Partners LLC’s holdings in Intel were worth $24,942,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of INTC. Day & Ennis LLC boosted its stake in shares of Intel by 0.4% in the second quarter. Day & Ennis LLC now owns 7,459 shares of the chip maker’s stock valued at $245,000 after buying an additional 27 shares during the period. D. Scott Neal Inc. boosted its stake in shares of Intel by 0.7% in the second quarter. D. Scott Neal Inc. now owns 4,969 shares of the chip maker’s stock valued at $163,000 after buying an additional 35 shares during the period. Jackson Grant Investment Advisers Inc. boosted its stake in shares of Intel by 0.8% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 4,496 shares of the chip maker’s stock valued at $147,000 after buying an additional 37 shares during the period. Beaumont Financial Partners LLC boosted its stake in shares of Intel by 0.6% in the second quarter. Beaumont Financial Partners LLC now owns 8,070 shares of the chip maker’s stock valued at $265,000 after buying an additional 48 shares during the period. Finally, Peoples Bank National Association boosted its stake in shares of Intel by 0.5% in the second quarter. Peoples Bank National Association now owns 10,232 shares of the chip maker’s stock valued at $335,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 64.89% of the company’s stock.
Shares of Intel Co. (NASDAQ:INTC) traded up 0.155% on Monday, hitting $35.495. 6,907,444 shares of the stock traded hands. The stock’s 50 day moving average price is $35.46 and its 200 day moving average price is $34.41. Intel Co. has a 52-week low of $27.68 and a 52-week high of $38.36. The stock has a market cap of $168.21 billion, a P/E ratio of 16.656 and a beta of 1.07.
Intel (NASDAQ:INTC) last posted its earnings results on Tuesday, October 18th. The chip maker reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The business had revenue of $15.78 billion for the quarter, compared to the consensus estimate of $15.58 billion. Intel had a net margin of 17.90% and a return on equity of 21.05%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 EPS. On average, equities analysts expect that Intel Co. will post $2.67 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders 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 2.93%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel’s dividend payout ratio (DPR) is 49.06%.
Several brokerages have commented on INTC. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Intel in a research report on Friday, August 19th. Zacks Investment Research downgraded shares of Intel from a “buy” rating to a “hold” rating in a research report on Wednesday, November 16th. BNP Paribas set a $37.00 price objective on shares of Intel and gave the company a “neutral” rating in a research report on Monday, September 19th. Vetr downgraded shares of Intel 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. Finally, Cowen and Company upped their price target on shares of Intel from $36.00 to $38.00 and gave the stock a “market perform” rating in a report on Friday, September 16th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $39.71.
In other Intel news, VP Gregory R. Pearson sold 250,192 shares of the firm’s stock in a transaction dated 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 transaction, the vice president now owns 92,826 shares of the company’s stock, valued at approximately $3,388,149. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian M. Krzanich sold 67,508 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were 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 directly owns 420,506 shares in the company, valued at approximately $15,857,281.26. The disclosure for this sale can be found here. Company 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.