IFM Investors Pty Ltd Purchases 32,501 Shares of Intel Corporation (INTC)
IFM Investors Pty Ltd boosted its position in Intel Corporation (NASDAQ:INTC) by 33.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 128,803 shares of the chip maker’s stock after acquiring an additional 32,501 shares during the period. Intel accounts for 1.1% of IFM Investors Pty Ltd’s portfolio, making the stock its 26th largest position. IFM Investors Pty Ltd’s holdings in Intel were worth $4,346,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of INTC. Watermark Asset Management Inc. acquired a new stake in Intel in the 1st quarter valued at approximately $113,000. Winfield Associates Inc. boosted its stake in Intel by 6.0% in the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after purchasing an additional 265 shares during the period. Vigilant Capital Management LLC boosted its stake in Intel by 22.6% in the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after purchasing an additional 805 shares during the period. Burt Wealth Advisors raised its holdings in Intel by 236.1% in the 2nd quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock valued at $166,000 after acquiring an additional 3,471 shares in the last quarter. Finally, Farmers National Bank raised its holdings in shares of Intel by 5.1% during the 1st quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock worth $183,000 after buying an additional 234 shares in the last quarter. Institutional investors and hedge funds own 67.69% of the company’s stock.
Shares of Intel Corporation (NASDAQ INTC) opened at $43.45 on Thursday. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $47.30. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. The firm has a market cap of $203,299.19, a PE ratio of 13.66, a price-to-earnings-growth ratio of 1.59 and a beta of 1.06.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The firm had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. Intel had a return on equity of 22.65% and a net margin of 22.31%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 EPS. equities research analysts anticipate that Intel Corporation will post 3.25 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th were issued a $0.2725 dividend. The ex-dividend date was Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.51%. Intel’s dividend payout ratio is 38.11%.
In related news, CEO Brian M. Krzanich sold 889,878 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total value of $39,323,708.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian M. Krzanich sold 61,860 shares of the company’s 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 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 disclosure for this sale can be found here. Insiders sold a total of 1,548,914 shares of company stock worth $68,196,589 in the last quarter. 0.08% of the stock is owned by corporate insiders.
INTC has been the subject of a number of recent research reports. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Wednesday, September 6th. ValuEngine lowered Intel from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Vetr upgraded Intel from a “buy” rating to a “strong-buy” rating and set a $41.56 target price on the stock in a research report on Thursday, August 24th. Credit Suisse Group reiterated an “outperform” rating on shares of Intel in a report on Thursday, August 31st. Finally, Stifel Nicolaus increased their price target on Intel from $41.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $43.68.
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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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