Jarislowsky Fraser Ltd lowered its stake in Intel Corporation (NASDAQ:INTC) by 3.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,182 shares of the chip maker’s stock after selling 1,163 shares during the period. Jarislowsky Fraser Ltd’s holdings in Intel Corporation were worth $1,153,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of INTC. Watermark Asset Management Inc. bought a new position in Intel Corporation during the first quarter valued at about $113,000. Orrstown Financial Services Inc. boosted its stake in Intel Corporation by 96.6% in the first quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock worth $134,000 after buying an additional 1,830 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in Intel Corporation by 53.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after buying an additional 1,400 shares during the last quarter. Vigilant Capital Management LLC boosted its stake in Intel Corporation by 22.6% in the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after buying an additional 805 shares during the last quarter. Finally, Security Asset Management acquired a new stake in Intel Corporation during the fourth quarter worth $162,000. Institutional investors own 67.31% of the company’s stock.
Shares of Intel Corporation (INTC) traded down 0.45% during mid-day trading on Friday, reaching $35.01. 16,231,408 shares of the company’s stock were exchanged. The firm has a market capitalization of $164.51 billion, a P/E ratio of 13.36 and a beta of 1.01. Intel Corporation has a one year low of $33.23 and a one year high of $38.45. The stock has a 50-day moving average of $35.09 and a 200 day moving average of $35.65.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The company had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. Intel Corporation’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.59 EPS. On average, analysts forecast that Intel Corporation will post $3.01 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 7th will be given a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 3.11%. The ex-dividend date is Thursday, August 3rd. Intel Corporation’s dividend payout ratio (DPR) is presently 41.76%.
INTC has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Intel Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Needham & Company LLC restated a “buy” rating and issued a $43.00 price target on shares of Intel Corporation in a research report on Wednesday, July 12th. Bank of America Corporation lowered shares of Intel Corporation from a “buy” rating to a “neutral” rating and reduced their price target for the company from $42.00 to $38.00 in a research report on Wednesday, June 21st. BidaskClub lowered shares of Intel Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Finally, Canaccord Genuity restated a “buy” rating and issued a $38.00 price target on shares of Intel Corporation in a research report on Wednesday, July 12th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have issued a buy rating to the stock. Intel Corporation has an average rating of “Hold” and a consensus price target of $40.55.
In other news, EVP Diane M. Bryant sold 1,639 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $34.65, for a total transaction of $56,791.35. Following the transaction, the executive vice president now owns 114,542 shares of the company’s stock, valued at approximately $3,968,880.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian M. Krzanich sold 72,173 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $33.69, for a total value of $2,431,508.37. Following the transaction, the chief executive officer now directly owns 534,746 shares in the company, valued at approximately $18,015,592.74. The disclosure for this sale can be found here. Insiders sold a total of 91,921 shares of company stock worth $3,130,162 in the last ninety days. 0.09% of the stock is currently owned by corporate insiders.
Intel Corporation Company Profile
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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