Johanson Financial Advisors Inc. purchased a new stake in Intel Corporation (NASDAQ:INTC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 26,681 shares of the chip maker’s stock, valued at approximately $962,000.
Several other hedge funds have also modified their holdings of INTC. Hall Laurie J Trustee acquired a new stake in shares of Intel Corporation during the fourth quarter valued at about $5,172,000. NN Investment Partners Holdings N.V. boosted its stake in shares of Intel Corporation by 4.4% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 4,924,734 shares of the chip maker’s stock valued at $178,619,000 after buying an additional 206,352 shares in the last quarter. Lederer & Associates Investment Counsel CA acquired a new stake in shares of Intel Corporation during the fourth quarter valued at about $336,000. Northstar Group Inc. boosted its stake in shares of Intel Corporation by 0.3% in the fourth quarter. Northstar Group Inc. now owns 34,377 shares of the chip maker’s stock valued at $1,246,000 after buying an additional 114 shares in the last quarter. Finally, ELCO Management Co. LLC acquired a new stake in shares of Intel Corporation during the third quarter valued at about $654,000. 68.30% of the stock is currently owned by institutional investors and hedge funds.
Intel Corporation (NASDAQ INTC) opened at 35.21 on Friday. The company has a market capitalization of $165.80 billion, a P/E ratio of 15.24 and a beta of 0.98. Intel Corporation has a 52 week low of $30.44 and a 52 week high of $38.45. The company’s 50-day moving average price is $36.03 and its 200-day moving average price is $36.11. Intel Corporation also was the target of unusually large options trading on Thursday. Traders bought 5,251 put options on the stock. This represents an increase of approximately 193% compared to the average daily volume of 1,795 put options.
Intel Corporation (NASDAQ:INTC) last posted its earnings results on Thursday, April 27th. The chip maker reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The business had revenue of $14.80 billion during the quarter, compared to the consensus estimate of $14.80 billion. Intel Corporation had a return on equity of 21.48% and a net margin of 18.57%. Intel Corporation’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company earned $0.54 EPS. On average, equities analysts forecast that Intel Corporation will post $2.86 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Sunday, May 7th were given a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a dividend yield of 3.10%. The ex-dividend date was Wednesday, May 3rd. This is an increase from Intel Corporation’s previous quarterly dividend of $0.26. Intel Corporation’s dividend payout ratio (DPR) is 47.39%.
Several analysts recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and issued a $44.00 target price on shares of Intel Corporation in a report on Friday, April 28th. Jefferies Group LLC cut shares of Intel Corporation to a “hold” rating and raised their target price for the company from $36.00 to $38.00 in a report on Friday, April 28th. Sanford C. Bernstein reaffirmed a “sell” rating and issued a $30.00 target price on shares of Intel Corporation in a report on Tuesday, May 2nd. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $45.00 target price on shares of Intel Corporation in a report on Monday, February 27th. Finally, Rosenblatt Securities assumed coverage on shares of Intel Corporation in a report on Wednesday, February 22nd. They issued a “sell” rating on the stock. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $40.42.
In related news, insider Diane M. Bryant sold 2,119 shares of the firm’s stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $36.96, for a total transaction of $78,318.24. Following the completion of the transaction, the insider now owns 107,285 shares in the company, valued at approximately $3,965,253.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stacy J. Smith sold 29,497 shares of the firm’s stock in a transaction that occurred on Friday, April 21st. The stock was sold at an average price of $36.28, for a total value of $1,070,151.16. Following the transaction, the insider now owns 318,654 shares of the company’s stock, valued at approximately $11,560,767.12. The disclosure for this sale can be found here. Insiders have sold a total of 47,821 shares of company stock valued at $1,734,851 in the last 90 days. 0.09% of the stock is owned by corporate 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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