Teewinot Capital Advisers L.L.C. continued to hold its position in Intel Corporation (NASDAQ:INTC) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 97,670 shares of the chip maker’s stock at the end of the first quarter. Intel Corporation comprises about 1.9% of Teewinot Capital Advisers L.L.C.’s portfolio, making the stock its 17th biggest position. Teewinot Capital Advisers L.L.C.’s holdings in Intel Corporation were worth $3,523,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Schwab Charles Investment Management Inc. grew its holdings in shares of 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 purchasing an additional 764,551 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Intel Corporation by 1.0% in the first quarter. Fisher Asset Management LLC now owns 20,167,657 shares of the chip maker’s stock worth $727,447,000 after purchasing an additional 207,118 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Intel Corporation by 0.8% in the first quarter. Russell Investments Group Ltd. now owns 9,075,156 shares of the chip maker’s stock worth $327,403,000 after purchasing an additional 68,534 shares during the last quarter. Pictet Asset Management Ltd. grew its holdings in shares of Intel Corporation by 11.9% in the first quarter. Pictet Asset Management Ltd. now owns 8,323,744 shares of the chip maker’s stock worth $300,238,000 after purchasing an additional 882,905 shares during the last quarter. Finally, DnB Asset Management AS grew its holdings in shares of Intel Corporation by 654.3% in the first quarter. DnB Asset Management AS now owns 5,433,478 shares of the chip maker’s stock worth $195,986,000 after purchasing an additional 4,713,168 shares during the last quarter. Institutional investors and hedge funds own 67.09% of the company’s stock.
Several research analysts have issued reports on the stock. Jefferies Group LLC reiterated an “underperform” rating and set a $30.00 target price (up from $29.00) on shares of Intel Corporation in a report on Friday, July 28th. They noted that the move was a valuation call. Sanford C. Bernstein set a $30.00 target price on shares of Intel Corporation and gave the stock a “sell” rating in a report on Tuesday, August 15th. Hilliard Lyons assumed coverage on shares of Intel Corporation in a report on Wednesday, July 12th. They set a “buy” rating and a $41.00 target price on the stock. Canaccord Genuity reiterated a “hold” rating on shares of Intel Corporation in a report on Saturday, June 3rd. Finally, Northland Securities set a $40.00 target price on shares of Intel Corporation and gave the stock a “hold” rating in a report on Friday, July 28th. Six research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Intel Corporation currently has an average rating of “Hold” and an average price target of $40.55.
In other news, insider Venkata S. M. Renduchintala sold 13,996 shares of Intel Corporation stock in a transaction on Monday, July 31st. The stock was sold at an average price of $35.47, for a total transaction of $496,438.12. Following the transaction, the insider now owns 1,536 shares in the company, valued at $54,481.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian M. Krzanich sold 72,173 shares of Intel Corporation stock in a transaction on Monday, July 3rd. The shares were 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 owns 534,746 shares in the company, valued at approximately $18,015,592.74. The disclosure for this sale can be found here. Insiders have sold 91,921 shares of company stock worth $3,130,162 in the last quarter. 0.08% of the stock is currently owned by corporate insiders.
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Intel Corporation (NASDAQ INTC) traded down 0.98% during trading on Friday, reaching $35.19. The company had a trading volume of 14,125,018 shares. The stock has a 50 day moving average price of $35.41 and a 200 day moving average price of $35.52. The firm has a market capitalization of $165.36 billion, a price-to-earnings ratio of 13.43 and a beta of 1.02. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $38.45.
Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The business had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $14.39 billion. During the same quarter in the previous year, the company posted $0.59 earnings per share. Intel Corporation’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities research analysts predict that Intel Corporation will post $3.01 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 7th were issued a dividend of $0.2725 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.10%. Intel Corporation’s dividend payout ratio is 41.76%.
Intel Corporation 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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