Telos Capital Management Inc. Boosts Stake in Intel Corporation (INTC)
Telos Capital Management Inc. lifted its stake in shares of Intel Corporation (NASDAQ:INTC) by 6.8% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 78,283 shares of the chip maker’s stock after buying an additional 4,972 shares during the quarter. Telos Capital Management Inc.’s holdings in Intel Corporation were worth $2,641,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Murphy Capital Management Inc. lifted its stake in shares of Intel Corporation by 18.4% during the 2nd quarter. Murphy Capital Management Inc. now owns 31,721 shares of the chip maker’s stock worth $1,070,000 after buying an additional 4,928 shares during the last quarter. Sigma Planning Corp lifted its stake in shares of Intel Corporation by 0.5% during the 1st quarter. Sigma Planning Corp now owns 64,672 shares of the chip maker’s stock worth $2,333,000 after buying an additional 335 shares during the last quarter. Stockman Wealth Management Inc. lifted its stake in shares of Intel Corporation by 2.3% during the 1st quarter. Stockman Wealth Management Inc. now owns 128,104 shares of the chip maker’s stock worth $4,621,000 after buying an additional 2,903 shares during the last quarter. Pillar Pacific Capital Management LLC lifted its stake in shares of Intel Corporation by 0.4% during the 1st quarter. Pillar Pacific Capital Management LLC now owns 235,734 shares of the chip maker’s stock worth $8,503,000 after buying an additional 930 shares during the last quarter. Finally, GFS Advisors LLC lifted its stake in shares of Intel Corporation by 9.2% during the 1st quarter. GFS Advisors LLC now owns 114,035 shares of the chip maker’s stock worth $4,114,000 after buying an additional 9,635 shares during the last quarter. Institutional investors own 67.02% of the company’s stock.
A number of research firms have recently issued reports on INTC. Goldman Sachs Group, Inc. (The) restated a “hold” rating on shares of Intel Corporation in a research note on Wednesday. Vetr upgraded shares of Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $49.90 target price for the company in a research note on Tuesday. Susquehanna Bancshares Inc raised their target price on shares of Intel Corporation from $45.00 to $46.00 and gave the stock a “positive” rating in a research note on Tuesday, October 10th. Mizuho restated a “buy” rating and set a $45.00 target price (up previously from $42.00) on shares of Intel Corporation in a research note on Monday, October 9th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $40.00 price target (up from $37.00) on shares of Intel Corporation in a research report on Friday, October 6th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $40.94.
In other Intel Corporation news, CEO Brian M. Krzanich sold 61,860 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the completion of the transaction, the chief executive officer now owns 543,948 shares of the company’s stock, valued at $21,072,545.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Diane M. Bryant sold 1,639 shares of the firm’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $34.65, for a total value of $56,791.35. Following the transaction, the executive vice president now directly owns 114,542 shares of the company’s stock, valued at approximately $3,968,880.30. The disclosure for this sale can be found here. Insiders have sold 81,608 shares of company stock valued at $3,095,110 in the last three months. Insiders own 0.08% of the company’s stock.
Shares of Intel Corporation (NASDAQ:INTC) opened at 40.25 on Thursday. The firm’s 50-day moving average is $37.61 and its 200-day moving average is $36.03. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $40.29. The company has a market cap of $189.13 billion, a price-to-earnings ratio of 15.36 and a beta of 1.07.
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 consensus estimate of $0.68 by $0.04. The business had revenue of $14.76 billion during the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. 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 $0.59 earnings per share. Equities research analysts predict that Intel Corporation will post $3.01 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be given a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 2.71%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio is currently 41.76%.
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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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