Global X Management Co. LLC Has $1.94 Million Holdings in Intel Corporation (INTC)
Global X Management Co. LLC raised its stake in shares of Intel Corporation (NASDAQ:INTC) by 17.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,438 shares of the chip maker’s stock after buying an additional 8,725 shares during the quarter. Global X Management Co. LLC’s holdings in Intel Corporation were worth $1,938,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Watermark Asset Management Inc. acquired a new stake in Intel Corporation during the 1st quarter valued at $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in shares of Intel Corporation by 53.0% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after purchasing an additional 1,400 shares during the last quarter. Orrstown Financial Services Inc. boosted its holdings in shares of Intel Corporation by 23.0% during the second quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock worth $155,000 after purchasing an additional 857 shares during the last quarter. Winfield Associates Inc. boosted its holdings in shares of Intel Corporation by 6.0% during the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after purchasing an additional 265 shares during the last quarter. Finally, Vigilant Capital Management LLC boosted its holdings in shares of Intel Corporation by 22.6% during the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after purchasing an additional 805 shares during the last quarter. Hedge funds and other institutional investors own 67.07% of the company’s stock.
INTC has been the topic of several analyst reports. Zacks Investment Research upgraded Intel Corporation from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Wednesday, September 6th. ValuEngine cut Intel Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Vetr upgraded Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $41.56 price objective on the stock in a report on Thursday, August 24th. Credit Suisse Group restated an “outperform” rating on shares of Intel Corporation in a report on Thursday, August 31st. Finally, Stifel Nicolaus raised their price objective on Intel Corporation from $41.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $42.80.
In other Intel Corporation news, CEO Brian M. Krzanich sold 61,860 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $38.74, for a total value of $2,396,456.40. Following the sale, the chief executive officer now directly owns 543,948 shares in the company, valued at $21,072,545.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Diane M. Bryant sold 2,119 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $41.06, for a total transaction of $87,006.14. Following the completion of the sale, the executive vice president now owns 114,091 shares in the company, valued at $4,684,576.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,042 shares of company stock worth $2,602,348. Company insiders own 0.08% of the company’s stock.
Shares of Intel Corporation (INTC) opened at 44.37 on Tuesday. The firm’s 50-day moving average is $38.97 and its 200 day moving average is $36.36. The firm has a market capitalization of $208.49 billion, a P/E ratio of 16.94 and a beta of 1.07. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $45.19.
Intel Corporation (NASDAQ:INTC) last posted its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The company had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the business posted $0.80 earnings per share. Equities research analysts forecast that Intel Corporation will post $3.23 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be issued a $0.2725 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 annualized dividend and a yield of 2.46%. Intel Corporation’s dividend payout ratio (DPR) is presently 38.11%.
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Intel Corporation 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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