Henderson Group PLC decreased its stake in Intel Corporation (NASDAQ:INTC) by 90.0% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 404,963 shares of the chip maker’s stock after selling 3,644,336 shares during the period. Henderson Group PLC’s holdings in Intel Corporation were worth $14,609,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. SRS Capital Advisors Inc. purchased a new position in Intel Corporation during the fourth quarter valued at $198,000. Janus Capital Management LLC raised its position in Intel Corporation by 38.0% in the fourth quarter. Janus Capital Management LLC now owns 5,192,422 shares of the chip maker’s stock valued at $188,329,000 after buying an additional 1,429,533 shares during the last quarter. Cheviot Value Management LLC purchased a new position in Intel Corporation during the fourth quarter valued at $543,000. Glassman Wealth Services raised its position in Intel Corporation by 2.3% in the fourth quarter. Glassman Wealth Services now owns 17,849 shares of the chip maker’s stock valued at $647,000 after buying an additional 402 shares during the last quarter. Finally, Moloney Securities Asset Management LLC bought a new position in shares of Intel Corporation during the fourth quarter worth $769,000. Institutional investors own 67.50% of the company’s stock.
Shares of Intel Corporation (NASDAQ:INTC) traded down 1.23% during trading on Thursday, reaching $36.14. The company’s stock had a trading volume of 22,688,553 shares. The stock’s 50 day moving average is $34.75 and its 200 day moving average is $35.72. Intel Corporation has a one year low of $33.23 and a one year high of $38.45. The firm has a market cap of $169.82 billion, a P/E ratio of 13.79 and a beta of 1.01.
Intel Corporation (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The company had revenue of $14.76 billion during 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%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 earnings per share. On average, equities analysts forecast that Intel Corporation will post $3.01 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be given a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Thursday, August 3rd. Intel Corporation’s dividend payout ratio (DPR) is 41.76%.
INTC has been the topic of a number of research reports. Zacks Investment Research lowered shares of Intel Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $43.00 price target on shares of Intel Corporation in a research note on Wednesday, July 12th. Bank of America Corporation lowered shares of Intel Corporation from a “buy” rating to a “neutral” rating and cut their price objective for the stock 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 reissued a “buy” rating and issued a $38.00 price objective on shares of Intel Corporation in a research report on Wednesday, July 12th. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-seven have given a buy rating to the company. Intel Corporation has a consensus rating of “Hold” and an average price target of $40.55.
In related news, 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Venkata S. M. Renduchintala sold 13,996 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $35.47, for a total value of $496,438.12. Following the completion of the transaction, the insider now owns 1,536 shares in the company, valued at $54,481.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 91,921 shares of company stock worth $3,130,162. 0.09% of the stock is owned by company 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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