Empirical Finance LLC boosted its stake in Intel Co. (NASDAQ:INTC) by 6.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,928 shares of the chip maker’s stock after buying an additional 2,482 shares during the quarter. Empirical Finance LLC’s holdings in Intel were worth $2,035,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Virtue Capital Management LLC acquired a new position in shares of Intel in the fourth quarter worth $109,000. Elmwood Wealth Management Inc. purchased a new stake in shares of Intel during the 1st quarter worth $110,000. Financial Gravity Wealth Inc. purchased a new stake in shares of Intel during the 1st quarter worth $120,000. Well Done LLC purchased a new stake in Intel in the first quarter valued at $156,000. Finally, Financial Gravity Companies Inc. purchased a new stake in Intel in the fourth quarter valued at $157,000. 65.50% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on INTC shares. Cowen assumed coverage on shares of Intel in a research report on Thursday, May 17th. They issued a “market perform” rating and a $55.00 price target for the company. Wells Fargo & Co reaffirmed a “buy” rating and issued a $65.00 target price on shares of Intel in a report on Friday, May 18th. Macquarie reaffirmed a “buy” rating and issued a $64.00 target price on shares of Intel in a report on Friday, May 18th. Sanford C. Bernstein set a $54.00 price target on shares of Intel and gave the stock a “neutral” rating in a research note on Wednesday, June 6th. Finally, BidaskClub lowered shares of Intel from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 12th. Four equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $55.55.
Shares of NASDAQ:INTC opened at $45.57 on Friday. The stock has a market capitalization of $210.20 billion, a P/E ratio of 11.23, a PEG ratio of 1.29 and a beta of 0.97. Intel Co. has a fifty-two week low of $36.16 and a fifty-two week high of $57.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.15 and a current ratio of 1.57.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 26th. The chip maker reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.05. Intel had a net margin of 20.07% and a return on equity of 27.33%. The firm had revenue of $16.96 billion for the quarter, compared to the consensus estimate of $16.78 billion. During the same period last year, the firm posted $0.72 EPS. Intel’s quarterly revenue was up 14.9% compared to the same quarter last year. research analysts expect that Intel Co. will post 4.15 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Saturday, September 1st. Shareholders of record on Tuesday, August 7th were given a dividend of $0.30 per share. The ex-dividend date was Monday, August 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.63%. Intel’s dividend payout ratio (DPR) is 34.68%.
In other news, EVP Steven Ralph Rodgers sold 2,213 shares of Intel stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $52.43, for a total value of $116,027.59. Following the transaction, the executive vice president now owns 23,268 shares of the company’s stock, valued at approximately $1,219,941.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Navin Shenoy sold 601 shares of Intel stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $47.69, for a total transaction of $28,661.69. Following the completion of the transaction, the executive vice president now directly owns 40,903 shares in the company, valued at approximately $1,950,664.07. The disclosure for this sale can be found here. Insiders have sold a total of 4,077 shares of company stock worth $205,757 over the last 90 days. 0.03% of the stock is owned by insiders.
Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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