Bonness Enterprises Inc. Has $3,649,000 Position in Intel Corp. (INTC)
Bonness Enterprises Inc. maintained its stake in Intel Corp. (NASDAQ:INTC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 96,660 shares of the chip maker’s stock at the end of the third quarter. Intel Corp. accounts for about 3.0% of Bonness Enterprises Inc.’s portfolio, making the stock its 8th largest position. Bonness Enterprises Inc.’s holdings in Intel Corp. were worth $3,649,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Global X Management Co. LLC boosted its position in shares of Intel Corp. by 52.0% in the second quarter. Global X Management Co. LLC now owns 3,037 shares of the chip maker’s stock valued at $100,000 after buying an additional 1,039 shares during the period. Penserra Capital Management LLC boosted its position in shares of Intel Corp. by 36.3% in the second quarter. Penserra Capital Management LLC now owns 3,178 shares of the chip maker’s stock valued at $104,000 after buying an additional 847 shares during the period. Proficio Capital Partners LLC boosted its position in shares of Intel Corp. by 143.0% in the second quarter. Proficio Capital Partners LLC now owns 3,395 shares of the chip maker’s stock valued at $118,000 after buying an additional 1,998 shares during the period. Nelson Roberts Investment Advisors LLC boosted its position in shares of Intel Corp. by 55.3% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 3,443 shares of the chip maker’s stock valued at $113,000 after buying an additional 1,226 shares during the period. Finally, Financial Management Professionals Inc. boosted its position in shares of Intel Corp. by 18.7% in the second quarter. Financial Management Professionals Inc. now owns 3,960 shares of the chip maker’s stock valued at $129,000 after buying an additional 625 shares during the period. Hedge funds and other institutional investors own 64.89% of the company’s stock.
Intel Corp. (NASDAQ:INTC) traded down 0.56% during mid-day trading on Tuesday, reaching $35.31. 19,581,040 shares of the company’s stock were exchanged. The company’s 50-day moving average is $35.38 and its 200 day moving average is $34.52. Intel Corp. has a one year low of $27.68 and a one year high of $38.36. The firm has a market capitalization of $167.33 billion, a P/E ratio of 16.57 and a beta of 1.07.
Intel Corp. (NASDAQ:INTC) last issued its earnings results on Tuesday, October 18th. The chip maker reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.07. Intel Corp. had a net margin of 17.90% and a return on equity of 21.05%. The business earned $15.78 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same period last year, the business posted $0.64 EPS. Intel Corp.’s revenue was up 9.1% on a year-over-year basis. Equities analysts predict that Intel Corp. will post $2.67 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be paid a $0.26 dividend. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 annualized dividend and a yield of 2.95%. Intel Corp.’s dividend payout ratio (DPR) is currently 49.06%.
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A number of equities analysts recently issued reports on the company. Instinet restated a “buy” rating and issued a $35.50 target price on shares of Intel Corp. in a report on Tuesday. Vetr upgraded Intel Corp. from a “buy” rating to a “strong-buy” rating and set a $39.45 target price on the stock in a report on Thursday, November 24th. Argus restated a “buy” rating on shares of Intel Corp. in a report on Wednesday, November 23rd. Zacks Investment Research cut Intel Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, November 16th. Finally, Susquehanna restated a “positive” rating and issued a $45.00 target price (up from $42.00) on shares of Intel Corp. in a report on Thursday, November 10th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $39.61.
In other news, CEO Brian M. Krzanich sold 67,508 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $37.71, for a total transaction of $2,545,726.68. Following the transaction, the chief executive officer now directly owns 420,506 shares of the company’s stock, valued at $15,857,281.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Gregory R. Pearson sold 250,192 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $36.50, for a total transaction of $9,132,008.00. Following the transaction, the vice president now directly owns 92,826 shares in the company, valued at $3,388,149. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.
Intel Corp. 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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