Boston Advisors LLC Reduces Position in Intel Co. (INTC)
Boston Advisors LLC lowered its position in shares of Intel Co. (NASDAQ:INTC) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 503,848 shares of the chip maker’s stock after selling 8,549 shares during the period. Boston Advisors LLC’s holdings in Intel were worth $19,020,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of INTC. Day & Ennis LLC increased its position in Intel by 0.4% in the second quarter. Day & Ennis LLC now owns 7,459 shares of the chip maker’s stock worth $245,000 after buying an additional 27 shares in the last quarter. D. Scott Neal Inc. boosted its position in Intel by 0.7% in the second quarter. D. Scott Neal Inc. now owns 4,969 shares of the chip maker’s stock worth $163,000 after buying an additional 35 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its position in Intel by 0.8% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 4,496 shares of the chip maker’s stock worth $147,000 after buying an additional 37 shares during the last quarter. Norris Perne & French LLP MI boosted its position in Intel by 0.7% in the third quarter. Norris Perne & French LLP MI now owns 7,106 shares of the chip maker’s stock worth $268,000 after buying an additional 46 shares during the last quarter. Finally, Beaumont Financial Partners LLC boosted its position in Intel by 0.6% in the second quarter. Beaumont Financial Partners LLC now owns 8,070 shares of the chip maker’s stock worth $265,000 after buying an additional 48 shares during the last quarter. Institutional investors own 64.89% of the company’s stock.
Shares of Intel Co. (NASDAQ:INTC) traded up 0.0804% during mid-day trading on Monday, hitting $35.4685. 7,105,399 shares of the company were exchanged. The stock has a market cap of $168.09 billion, a PE ratio of 16.6441 and a beta of 1.07. Intel Co. has a 12-month low of $27.68 and a 12-month high of $38.36. The stock’s 50-day moving average price is $35.46 and its 200 day moving average price is $34.41.
Intel (NASDAQ:INTC) last issued its earnings results on Tuesday, October 18th. The chip maker reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The company had revenue of $15.78 billion for the quarter, compared to the consensus estimate of $15.58 billion. Intel had a return on equity of 21.05% and a net margin of 17.90%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 EPS. On average, equities analysts anticipate that Intel Co. will post $2.67 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 2.93%. Intel’s dividend payout ratio is currently 49.06%.
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A number of research firms have weighed in on INTC. Pacific Crest reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Intel in a report on Thursday, October 6th. KeyCorp boosted their target price on shares of Intel from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Monday, October 3rd. BlueFin Research reissued a “buy” rating on shares of Intel in a research note on Monday, October 3rd. B. Riley reissued a “buy” rating and set a $46.00 target price (up previously from $45.00) on shares of Intel in a research note on Wednesday, October 19th. Finally, Goldman Sachs Group Inc. set a $36.00 target price on shares of Intel and gave the stock a “neutral” rating in a research note on Wednesday, October 19th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $39.71.
In related news, CEO Brian M. Krzanich sold 67,508 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $37.71, for a total value of $2,545,726.68. Following the transaction, the chief executive officer now owns 420,506 shares in the company, valued at $15,857,281.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Gregory R. Pearson sold 250,192 shares of the stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $36.50, for a total value of $9,132,008.00. Following the completion of the transaction, the vice president now owns 92,826 shares in the company, valued at approximately $3,388,149. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.
Intel Company Profile
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.
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