Richard Bernstein Advisors LLC Purchases 34,781 Shares of Intel Corporation (INTC)

Richard Bernstein Advisors LLC boosted its position in shares of Intel Corporation (NASDAQ:INTC) by 17.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 231,934 shares of the chip maker’s stock after purchasing an additional 34,781 shares during the quarter. Richard Bernstein Advisors LLC’s holdings in Intel Corporation were worth $7,825,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Investment Management of Virginia LLC grew its position in shares of Intel Corporation by 1.2% during the 2nd quarter. Investment Management of Virginia LLC now owns 146,378 shares of the chip maker’s stock worth $4,939,000 after buying an additional 1,748 shares during the period. Annex Advisory Services LLC grew its position in shares of Intel Corporation by 8.9% during the 2nd quarter. Annex Advisory Services LLC now owns 29,886 shares of the chip maker’s stock worth $1,008,000 after buying an additional 2,453 shares during the period. Everence Capital Management Inc. grew its position in shares of Intel Corporation by 5.2% during the 2nd quarter. Everence Capital Management Inc. now owns 102,295 shares of the chip maker’s stock worth $3,451,000 after buying an additional 5,100 shares during the period. Halbert Hargrove Russell LLC grew its position in shares of Intel Corporation by 2.9% during the 2nd quarter. Halbert Hargrove Russell LLC now owns 7,719 shares of the chip maker’s stock worth $260,000 after buying an additional 215 shares during the period. Finally, HM Payson & Co. grew its position in shares of Intel Corporation by 0.5% during the 2nd quarter. HM Payson & Co. now owns 1,324,151 shares of the chip maker’s stock worth $44,676,000 after buying an additional 6,222 shares during the period. 67.17% of the stock is owned by hedge funds and other institutional investors.

In other Intel Corporation news, CEO Brian M. Krzanich sold 61,860 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $38.74, for a total value of $2,396,456.40. Following the completion of the sale, 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 available at this hyperlink. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total value of $66,543.52. Following the completion of the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $71,777.28. The disclosure for this sale can be found here. Insiders have sold 659,036 shares of company stock valued at $28,872,880 in the last ninety days. 0.08% of the stock is currently owned by insiders.

INTC has been the subject of several analyst reports. Barclays PLC restated an “overweight” rating on shares of Intel Corporation in a research report on Friday, July 21st. Summit Redstone restated a “hold” rating on shares of Intel Corporation in a research report on Saturday, July 22nd. BidaskClub upgraded Intel Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Intel Corporation in a research report on Friday, July 28th. Finally, Northland Securities set a $40.00 target price on Intel Corporation and gave the stock a “hold” rating in a research report on Friday, July 28th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Intel Corporation has an average rating of “Buy” and a consensus price target of $43.40.

Shares of Intel Corporation (INTC) opened at $44.63 on Friday. Intel Corporation has a one year low of $33.23 and a one year high of $47.30. The company has a market capitalization of $213,640.00, a P/E ratio of 14.42, a P/E/G ratio of 1.68 and a beta of 1.09. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60.

Intel Corporation (NASDAQ:INTC) last released its earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.80 by $0.21. Intel Corporation had a return on equity of 22.65% and a net margin of 22.31%. The business had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $15.73 billion. During the same quarter last year, the firm posted $0.80 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. analysts forecast that Intel Corporation will post 3.25 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be paid a dividend of $0.2725 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 annualized dividend and a yield of 2.44%. Intel Corporation’s dividend payout ratio is currently 38.25%.

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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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Institutional Ownership by Quarter for Intel Corporation (NASDAQ:INTC)

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