GAM Holding AG reduced its stake in Intel Corporation (NASDAQ:INTC) by 3.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,424,620 shares of the chip maker’s stock after selling 57,589 shares during the period. Intel makes up 0.7% of GAM Holding AG’s portfolio, making the stock its 21st largest holding. GAM Holding AG’s holdings in Intel were worth $48,067,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. One Capital Management LLC increased its holdings in shares of Intel by 4.5% in the 2nd quarter. One Capital Management LLC now owns 76,664 shares of the chip maker’s stock worth $2,587,000 after buying an additional 3,295 shares during the last quarter. Alethea Capital Management LLC boosted its stake in shares of Intel by 398.3% during the 2nd quarter. Alethea Capital Management LLC now owns 31,888 shares of the chip maker’s stock worth $1,076,000 after purchasing an additional 25,488 shares during the period. Edgemoor Investment Advisors Inc. boosted its stake in shares of Intel by 32.7% during the 2nd quarter. Edgemoor Investment Advisors Inc. now owns 25,264 shares of the chip maker’s stock worth $852,000 after purchasing an additional 6,230 shares during the period. Federated Investors Inc. PA boosted its stake in shares of Intel by 36.0% during the 2nd quarter. Federated Investors Inc. PA now owns 1,700,762 shares of the chip maker’s stock worth $57,384,000 after purchasing an additional 449,856 shares during the period. Finally, Pzena Investment Management LLC boosted its stake in shares of Intel by 1.1% during the 2nd quarter. Pzena Investment Management LLC now owns 8,490,243 shares of the chip maker’s stock worth $286,461,000 after purchasing an additional 94,533 shares during the period. Institutional investors own 67.69% of the company’s stock.
Shares of Intel Corporation (NASDAQ INTC) traded down $0.37 during trading on Thursday, reaching $43.08. 32,704,991 shares of the company were exchanged, compared to its average volume of 23,671,508. Intel Corporation has a one year low of $33.23 and a one year high of $47.30. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $201,150.00, a P/E ratio of 13.66, a P/E/G ratio of 1.59 and a beta of 1.06.
Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. Intel had a net margin of 22.31% and a return on equity of 22.65%. The company had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $15.73 billion. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. analysts predict that Intel Corporation will post 3.25 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Tuesday, November 7th were paid a $0.2725 dividend. The ex-dividend date was Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a yield of 2.53%. Intel’s dividend payout ratio is currently 38.25%.
In other Intel news, CEO Brian M. Krzanich sold 889,878 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction of $39,323,708.82. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Brian M. Krzanich sold 61,860 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the sale, the chief executive officer now directly owns 543,948 shares in the company, valued at approximately $21,072,545.52. The disclosure for this sale can be found here. Insiders sold 1,548,914 shares of company stock valued at $68,196,589 in the last quarter. 0.08% of the stock is owned by insiders.
A number of research firms recently commented on INTC. BidaskClub cut shares of Intel from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Wells Fargo & Company reissued an “outperform” rating and issued a $50.00 price objective (up from $45.00) on shares of Intel in a research report on Friday, October 27th. SunTrust Banks reissued a “hold” rating and issued a $43.00 price objective (up from $39.00) on shares of Intel in a research report on Friday, October 27th. Rosenblatt Securities reissued a “sell” rating on shares of Intel in a research report on Wednesday, August 23rd. Finally, Zacks Investment Research lowered shares of Intel from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $43.68.
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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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