Intel Corporation (NASDAQ:INTC) Position Increased by Ronna Sue Cohen

Ronna Sue Cohen raised its position in shares of Intel Corporation (NASDAQ:INTC) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,443 shares of the chip maker’s stock after buying an additional 1,058 shares during the period. Intel Corporation makes up approximately 2.8% of Ronna Sue Cohen’s holdings, making the stock its 11th largest position. Ronna Sue Cohen’s holdings in Intel Corporation were worth $3,760,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in Intel Corporation during the fourth quarter worth about $1,684,790,000. Schwab Charles Investment Management Inc. increased its position in Intel Corporation by 3.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 23,861,041 shares of the chip maker’s stock worth $860,668,000 after buying an additional 764,551 shares during the period. Fisher Asset Management LLC increased its position in Intel Corporation by 3.1% in the second quarter. Fisher Asset Management LLC now owns 20,791,355 shares of the chip maker’s stock worth $701,500,000 after buying an additional 623,698 shares during the period. Sanders Capital LLC increased its position in Intel Corporation by 2.2% in the first quarter. Sanders Capital LLC now owns 14,736,874 shares of the chip maker’s stock worth $545,383,000 after buying an additional 316,800 shares during the period. Finally, AQR Capital Management LLC increased its position in Intel Corporation by 0.3% in the fourth quarter. AQR Capital Management LLC now owns 12,245,831 shares of the chip maker’s stock worth $444,156,000 after buying an additional 32,040 shares during the period. Institutional investors own 67.35% of the company’s stock.

Intel Corporation (NASDAQ:INTC) opened at 34.73 on Friday. The stock has a market cap of $163.54 billion, a PE ratio of 15.03 and a beta of 1.00. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $38.45. The company’s 50-day moving average price is $34.80 and its 200-day moving average price is $35.81.

Intel Corporation (NASDAQ:INTC) last posted its earnings results on Thursday, April 27th. The chip maker reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.01. The company had revenue of $14.80 billion during the quarter, compared to analysts’ expectations of $14.80 billion. Intel Corporation had a return on equity of 21.48% and a net margin of 18.57%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 earnings per share. On average, equities analysts expect that Intel Corporation will post $2.86 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 7th will be paid a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 3.14%. Intel Corporation’s dividend payout ratio (DPR) is 47.39%.

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INTC has been the subject of a number of research reports. Zacks Investment Research downgraded Intel Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Susquehanna Bancshares Inc reiterated a “positive” rating on shares of Intel Corporation in a report on Tuesday, March 28th. Macquarie reiterated an “outperform” rating and issued a $40.00 price objective on shares of Intel Corporation in a report on Friday, July 14th. Mizuho reiterated a “buy” rating and issued a $42.00 price objective on shares of Intel Corporation in a report on Tuesday, April 11th. Finally, Jefferies Group LLC downgraded Intel Corporation from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $29.00 to $28.00 in a report on Monday, July 10th. Seven investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $40.20.

In other Intel Corporation news, CEO Brian M. Krzanich sold 72,173 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the completion of the sale, the chief executive officer now owns 534,746 shares of the company’s stock, valued at $18,015,592.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Diane M. Bryant sold 1,639 shares of the firm’s stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $36.85, for a total value of $60,397.15. Following the sale, the insider now directly owns 113,357 shares of the company’s stock, valued at approximately $4,177,205.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,497 shares of company stock valued at $3,096,208. 0.09% of the stock is owned by insiders.

About Intel Corporation

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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