ARP Americas LLC lifted its position in shares of Intel Corporation (NASDAQ:INTC) by 88.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,549 shares of the chip maker’s stock after buying an additional 4,949 shares during the period. ARP Americas LLC’s holdings in Intel Corporation were worth $356,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of INTC. Watermark Asset Management Inc. acquired a new position in Intel Corporation during the first quarter valued at approximately $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in Intel Corporation by 53.0% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock valued at $146,000 after purchasing an additional 1,400 shares during the last quarter. Orrstown Financial Services Inc. boosted its position in Intel Corporation by 23.0% during the second quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock valued at $155,000 after purchasing an additional 857 shares during the last quarter. Winfield Associates Inc. boosted its position in Intel Corporation by 6.0% during the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after purchasing an additional 265 shares during the last quarter. Finally, Vigilant Capital Management LLC boosted its position in Intel Corporation by 22.6% during the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after purchasing an additional 805 shares during the last quarter. 67.38% of the stock is owned by institutional investors.
INTC has been the topic of several research analyst reports. Zacks Investment Research upgraded Intel Corporation from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Wednesday, September 6th. ValuEngine lowered Intel Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Vetr upgraded Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $41.56 price objective on the stock in a research note on Thursday, August 24th. Credit Suisse Group restated an “outperform” rating on shares of Intel Corporation in a research note on Thursday, August 31st. Finally, Stifel Nicolaus increased their target price on Intel Corporation from $41.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $43.00.
Shares of Intel Corporation (INTC) traded down $0.72 during mid-day trading on Friday, reaching $45.58. 24,095,300 shares of the company’s stock were exchanged, compared to its average volume of 23,496,832. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $47.30. The company has a market cap of $216,684.00, a PE ratio of 14.56, a price-to-earnings-growth ratio of 1.69 and a beta of 1.09.
Intel Corporation (NASDAQ:INTC) last issued its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. The business had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $15.73 billion. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.80 EPS. analysts forecast that Intel Corporation will post 3.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be issued a $0.2725 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 annualized dividend and a dividend yield of 2.39%. Intel Corporation’s payout ratio is currently 38.11%.
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In related news, EVP Diane M. Bryant sold 570 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $44.49, for a total value of $25,359.30. Following the completion of the transaction, the executive vice president now directly owns 110,850 shares in the company, valued at $4,931,716.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total transaction of $66,543.52. Following the completion of the transaction, the insider now owns 1,536 shares of the company’s stock, valued at $71,777.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 659,036 shares of company stock worth $28,872,880. Insiders own 0.08% of the company’s stock.
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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