Randolph Co Inc Has $21,552,000 Position in Intel Corp. (INTC)
Randolph Co Inc cut its stake in shares of Intel Corp. (NASDAQ:INTC) by 0.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 570,911 shares of the chip maker’s stock after selling 500 shares during the period. Intel Corp. accounts for about 5.4% of Randolph Co Inc’s investment portfolio, making the stock its 5th largest position. Randolph Co Inc’s holdings in Intel Corp. were worth $21,552,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Global X Management Co. LLC raised its position in 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 worth $100,000 after buying an additional 1,039 shares in the last quarter. Penserra Capital Management LLC boosted its stake 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 worth $104,000 after buying an additional 847 shares during the last quarter. Nelson Roberts Investment Advisors LLC boosted its stake 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 worth $113,000 after buying an additional 1,226 shares during the last quarter. Proficio Capital Partners LLC boosted its stake 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 worth $118,000 after buying an additional 1,998 shares during the last quarter. Finally, Financial Management Professionals Inc. boosted its stake 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 worth $129,000 after buying an additional 625 shares during the last quarter. Institutional investors own 64.89% of the company’s stock.
Intel Corp. (NASDAQ:INTC) traded down 0.62% on Wednesday, reaching $35.09. 7,062,553 shares of the company’s stock traded hands. Intel Corp. has a 12 month low of $27.68 and a 12 month high of $38.36. The firm’s 50-day moving average is $35.38 and its 200 day moving average is $34.52. The firm has a market cap of $166.29 billion, a PE ratio of 16.47 and a beta of 1.07.
Intel Corp. (NASDAQ:INTC) last announced its quarterly earnings results on Tuesday, October 18th. The chip maker reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.07. Intel Corp. had a return on equity of 21.05% and a net margin of 17.90%. The firm had revenue of $15.78 billion for the quarter, compared to analysts’ expectations of $15.58 billion. During the same period in the prior year, the business posted $0.64 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. Equities analysts predict that Intel Corp. will post $2.67 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Thursday, November 3rd. Intel Corp.’s dividend payout ratio is presently 49.06%.
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A number of analysts recently weighed in on the stock. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Intel Corp. in a report on Friday, August 19th. Zacks Investment Research cut shares of Intel Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, November 16th. BNP Paribas set a $37.00 target price on shares of Intel Corp. and gave the stock a “neutral” rating in a report on Monday, September 19th. Vetr cut shares of Intel Corp. from a “strong-buy” rating to a “buy” rating and set a $41.20 target price for the company. in a report on Wednesday, October 12th. Finally, Cowen and Company raised their target price on shares of Intel Corp. from $36.00 to $38.00 and gave the stock a “market perform” rating in a report on Friday, September 16th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $39.61.
In related news, Chairman Andy D. Bryant sold 24,383 shares of the company’s stock in a transaction that occurred on Thursday, October 20th. The shares were sold at an average price of $35.35, for a total value of $861,939.05. Following the transaction, the chairman now directly owns 399,940 shares in the company, valued at $14,137,879. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Venkata S. M. Renduchintala sold 13,997 shares of the company’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $34.92, for a total transaction of $488,775.24. Following the completion of the transaction, the executive vice president now owns 817 shares in the company, valued at $28,529.64. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.
About Intel Corp.
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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