Signet Financial Management LLC grew its holdings in shares of Intel Co. (NASDAQ:INTC) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,719 shares of the chip maker’s stock after acquiring an additional 800 shares during the period. Signet Financial Management LLC’s holdings in Intel were worth $2,720,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of INTC. Charles Schwab Investment Management Inc. lifted its position in shares of Intel by 6.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 30,298,451 shares of the chip maker’s stock valued at $1,450,387,000 after acquiring an additional 1,952,840 shares during the period. Fisher Asset Management LLC increased its stake in Intel by 3.0% in the second quarter. Fisher Asset Management LLC now owns 26,557,167 shares of the chip maker’s stock valued at $1,271,292,000 after purchasing an additional 785,668 shares in the last quarter. FMR LLC raised its holdings in shares of Intel by 5.5% during the first quarter. FMR LLC now owns 21,740,723 shares of the chip maker’s stock valued at $1,167,477,000 after purchasing an additional 1,133,474 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Intel by 5.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 15,417,125 shares of the chip maker’s stock valued at $723,526,000 after purchasing an additional 824,109 shares during the period. Finally, APG Asset Management N.V. boosted its position in shares of Intel by 8.0% during the 4th quarter. APG Asset Management N.V. now owns 10,165,374 shares of the chip maker’s stock worth $417,321,000 after purchasing an additional 755,800 shares in the last quarter. 65.95% of the stock is owned by hedge funds and other institutional investors.
INTC has been the subject of several research reports. BidaskClub upgraded Intel from a “hold” rating to a “buy” rating in a research note on Wednesday. UBS Group restated a “buy” rating and set a $58.00 price objective on shares of Intel in a report on Friday, July 26th. Jefferies Financial Group set a $40.00 price objective on shares of Intel and gave the company a “sell” rating in a research note on Friday, July 26th. Roth Capital set a $60.00 price objective on shares of Intel and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Tigress Financial reissued a “buy” rating on shares of Intel in a research report on Friday, August 30th. Nine equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $54.09.
Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 25th. The chip maker reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.17. The business had revenue of $16.51 billion during the quarter, compared to analyst estimates of $15.70 billion. Intel had a return on equity of 28.84% and a net margin of 28.05%. Intel’s revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.04 earnings per share. On average, research analysts anticipate that Intel Co. will post 4.38 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were issued a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 2.39%. The ex-dividend date was Tuesday, August 6th. Intel’s dividend payout ratio (DPR) is currently 27.51%.
In related news, CEO Robert Holmes Swan purchased 10,918 shares of Intel stock in a transaction dated Wednesday, August 28th. The stock was bought at an average cost of $45.70 per share, for a total transaction of $498,952.60. Following the completion of the transaction, the chief executive officer now owns 168,955 shares in the company, valued at $7,721,243.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Navin Shenoy sold 601 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $51.76, for a total value of $31,107.76. Following the sale, the executive vice president now owns 53,063 shares in the company, valued at $2,746,540.88. The disclosure for this sale can be found here. In the last three months, insiders sold 39,033 shares of company stock valued at $1,961,792. 0.02% of the stock is currently owned by insiders.
Intel Company Profile
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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