Intel Corporation (INTC) Shares Bought by Boston Common Asset Management LLC
Boston Common Asset Management LLC boosted its stake in shares of Intel Corporation (NASDAQ:INTC) by 38.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,575 shares of the chip maker’s stock after buying an additional 9,627 shares during the period. Boston Common Asset Management LLC’s holdings in Intel Corporation were worth $1,247,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the stock. Achmea Investment Management B.V. bought a new stake in shares of Intel Corporation during the first quarter worth approximately $29,007,000. J.P. Marvel Investment Advisors LLC increased its stake in shares of Intel Corporation by 4.4% in the first quarter. J.P. Marvel Investment Advisors LLC now owns 93,543 shares of the chip maker’s stock worth $3,374,000 after buying an additional 3,934 shares during the last quarter. Gilbert & Cook Inc. increased its stake in shares of Intel Corporation by 5.1% in the first quarter. Gilbert & Cook Inc. now owns 6,421 shares of the chip maker’s stock worth $232,000 after buying an additional 311 shares during the last quarter. Community Financial Services Group LLC increased its stake in shares of Intel Corporation by 1.1% in the first quarter. Community Financial Services Group LLC now owns 59,776 shares of the chip maker’s stock worth $2,156,000 after buying an additional 641 shares during the last quarter. Finally, Sanders Capital LLC increased its stake in shares of Intel Corporation by 2.2% in 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 last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.
Intel Corporation (NASDAQ:INTC) traded down 0.569% during mid-day trading on Wednesday, hitting $35.795. The stock had a trading volume of 6,041,714 shares. Intel Corporation has a one year low of $33.23 and a one year high of $38.45. The stock has a market cap of $168.20 billion, a P/E ratio of 13.662 and a beta of 1.01. The company has a 50 day moving average price of $34.96 and a 200 day moving average price of $35.67.
Intel Corporation (NASDAQ:INTC) last issued its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The business had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.59 EPS. On average, equities analysts anticipate that Intel Corporation will post $3.01 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be paid a $0.2725 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.03%. Intel Corporation’s dividend payout ratio (DPR) is presently 41.76%.
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A number of brokerages have recently commented on INTC. B. Riley restated a “buy” rating and issued a $44.00 target price on shares of Intel Corporation in a research note on Wednesday, May 3rd. Vetr downgraded Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.26 target price on the stock. in a research note on Tuesday, August 8th. BidaskClub upgraded Intel Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Jefferies Group LLC set a $38.00 target price on Intel Corporation and gave the stock a “hold” rating in a research note on Saturday, June 3rd. Finally, Sanford C. Bernstein set a $30.00 target price on Intel Corporation and gave the stock a “sell” rating in a research note on Tuesday. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $40.55.
In related news, insider Venkata S. M. Renduchintala sold 13,996 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $35.47, for a total transaction of $496,438.12. Following the sale, the insider now owns 1,536 shares in the company, valued at $54,481.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Robert Holmes Swan acquired 13,888 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were acquired at an average price of $36.31 per share, for a total transaction of $504,273.28. Following the purchase, the chief financial officer now owns 8,774 shares of the company’s stock, valued at $318,583.94. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 91,921 shares of company stock worth $3,130,162. Company insiders own 0.09% of the company’s stock.
Intel Corporation Company 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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