Oakwood Capital Management LLC CA lowered its position in shares of Intel Corporation (NASDAQ:INTC) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,608 shares of the chip maker’s stock after selling 6,055 shares during the period. Intel Corporation makes up approximately 1.3% of Oakwood Capital Management LLC CA’s portfolio, making the stock its 29th largest position. Oakwood Capital Management LLC CA’s holdings in Intel Corporation were worth $5,115,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Glenview Capital Management LLC bought a new stake in Intel Corporation in the 1st quarter worth approximately $177,881,000. DnB Asset Management AS grew its position in Intel Corporation by 72.2% in the 2nd quarter. DnB Asset Management AS now owns 9,355,948 shares of the chip maker’s stock worth $315,670,000 after purchasing an additional 3,922,470 shares during the period. Gotham Asset Management LLC grew its position in Intel Corporation by 112.1% in the 1st quarter. Gotham Asset Management LLC now owns 1,741,166 shares of the chip maker’s stock worth $62,804,000 after purchasing an additional 920,285 shares during the period. Pictet Asset Management Ltd. grew its position in Intel Corporation by 11.9% in the 1st 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 period. Finally, WINTON GROUP Ltd grew its position in Intel Corporation by 87.0% in the 1st quarter. WINTON GROUP Ltd now owns 1,856,380 shares of the chip maker’s stock worth $70,078,000 after purchasing an additional 863,659 shares during the period. 67.02% of the stock is owned by institutional investors.
In other Intel Corporation news, CEO Brian M. Krzanich sold 61,860 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the completion of the transaction, the chief executive officer now owns 543,948 shares in the company, valued at approximately $21,072,545.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Diane M. Bryant sold 1,639 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $34.65, for a total transaction of $56,791.35. Following the transaction, the executive vice president now owns 114,542 shares of the company’s stock, valued at approximately $3,968,880.30. The disclosure for this sale can be found here. Insiders have sold a total of 81,608 shares of company stock valued at $3,095,110 in the last quarter. 0.08% of the stock is currently owned by company insiders.
INTC has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Intel Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Intel Corporation in a research report on Thursday, August 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $43.00 target price on shares of Intel Corporation in a research report on Wednesday, July 12th. BidaskClub downgraded shares of Intel Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Intel Corporation in a research report on Tuesday, September 5th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Intel Corporation has a consensus rating of “Hold” and a consensus price target of $40.75.
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Shares of Intel Corporation (INTC) opened at 39.19 on Friday. The stock has a market cap of $184.15 billion, a PE ratio of 14.96 and a beta of 1.07. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $39.95. The company’s 50-day moving average is $37.02 and its 200-day moving average is $35.91.
Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, topping the consensus estimate of $0.68 by $0.04. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The company had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $14.39 billion. During the same quarter in the previous year, the business posted $0.59 EPS. The firm’s revenue was up 9.1% on a year-over-year basis. Equities analysts anticipate that Intel Corporation will post $3.01 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be issued a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 2.78%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio (DPR) is presently 41.76%.
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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