Retirement Systems of Alabama increased its position in shares of Intel Corporation (NASDAQ:INTC) by 4.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,053,281 shares of the chip maker’s stock after purchasing an additional 172,749 shares during the period. Intel Corporation accounts for about 0.7% of Retirement Systems of Alabama’s holdings, making the stock its 21st biggest holding. Retirement Systems of Alabama owned approximately 0.09% of Intel Corporation worth $136,758,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. boosted its stake in Intel Corporation by 3.3% during 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 buying an additional 764,551 shares during the period. Fisher Asset Management LLC boosted its stake in Intel Corporation by 3.1% during the second quarter. Fisher Asset Management LLC now owns 20,791,355 shares of the chip maker’s stock worth $701,500,000 after buying an additional 623,698 shares during the period. Sanders Capital LLC boosted its stake in Intel Corporation by 2.2% during the first quarter. Sanders Capital LLC now owns 14,736,874 shares of the chip maker’s stock worth $545,383,000 after buying an additional 316,800 shares during the period. Russell Investments Group Ltd. boosted its stake in Intel Corporation by 7.6% during the second quarter. Russell Investments Group Ltd. now owns 9,761,964 shares of the chip maker’s stock worth $329,427,000 after buying an additional 686,808 shares during the period. Finally, DnB Asset Management AS boosted its stake in Intel Corporation by 72.2% during the second quarter. DnB Asset Management AS now owns 9,355,948 shares of the chip maker’s stock worth $315,670,000 after buying an additional 3,922,470 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.
Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Intel Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Credit Suisse Group reissued an “outperform” rating on shares of Intel Corporation in a research note on Thursday, August 31st. Stifel Nicolaus raised their price objective on shares of Intel Corporation from $41.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 20th. BidaskClub lowered shares of Intel Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Vetr raised shares of Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $44.36 price objective for the company in a research note on Wednesday, October 11th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $43.00.
In related news, EVP Diane M. Bryant sold 1,639 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $40.91, for a total transaction of $67,051.49. Following the transaction, the executive vice president now directly owns 113,086 shares in the company, valued at $4,626,348.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 61,860 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $38.74, for a total value of $2,396,456.40. Following the transaction, the chief executive officer now owns 543,948 shares in the company, valued at $21,072,545.52. The disclosure for this sale can be found here. Insiders have sold 659,036 shares of company stock worth $28,872,880 over the last 90 days. 0.08% of the stock is currently owned by company insiders.
Intel Corporation (NASDAQ:INTC) traded down $0.72 during trading on Friday, hitting $45.58. The stock had a trading volume of 24,095,300 shares, compared to its average volume of 23,496,832. The stock has a market cap of $216,684.00, a PE ratio of 14.56, a P/E/G ratio of 1.69 and a beta of 1.09. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $47.30.
Intel Corporation (NASDAQ:INTC) last released its earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The company had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $15.73 billion. Intel Corporation had a return on equity of 22.65% and a net margin of 22.31%. The business’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 EPS. equities analysts forecast that Intel Corporation will post 3.25 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be paid a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Monday, November 6th. Intel Corporation’s dividend payout ratio (DPR) is presently 38.11%.
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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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