Yacktman Asset Management LP Has $35,596,000 Position in Intel Corporation (INTC)
Yacktman Asset Management LP held its position in Intel Corporation (NASDAQ:INTC) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,055,000 shares of the chip maker’s stock at the end of the 2nd quarter. Intel Corporation accounts for approximately 0.3% of Yacktman Asset Management LP’s investment portfolio, making the stock its 27th largest holding. Yacktman Asset Management LP’s holdings in Intel Corporation were worth $35,596,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in INTC. Glenview Capital Management LLC purchased a new stake in shares of Intel Corporation during the first quarter worth $177,881,000. DnB Asset Management AS raised its holdings in shares of Intel Corporation by 72.2% during the second quarter. DnB Asset Management AS now owns 9,355,948 shares of the chip maker’s stock worth $315,670,000 after acquiring an additional 3,922,470 shares in the last quarter. Gotham Asset Management LLC raised its holdings in shares of Intel Corporation by 112.1% during the first quarter. Gotham Asset Management LLC now owns 1,741,166 shares of the chip maker’s stock worth $62,804,000 after acquiring an additional 920,285 shares in the last quarter. Hamlin Capital Management LLC raised its holdings in shares of Intel Corporation by 64.3% during the second quarter. Hamlin Capital Management LLC now owns 2,257,617 shares of the chip maker’s stock worth $76,172,000 after acquiring an additional 883,525 shares in the last quarter. Finally, Pictet Asset Management Ltd. raised its holdings in shares of Intel Corporation by 11.9% during the first quarter. Pictet Asset Management Ltd. now owns 8,323,744 shares of the chip maker’s stock worth $300,238,000 after acquiring an additional 882,905 shares in the last quarter. Institutional investors and hedge funds own 67.17% of the company’s stock.
Shares of Intel Corporation (NASDAQ:INTC) opened at $45.86 on Wednesday. The company has a market cap of $214,110.00, a price-to-earnings ratio of 14.39, a P/E/G ratio of 1.67 and a beta of 1.09. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $47.30. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27.
Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating the consensus estimate of $0.80 by $0.21. The business had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $15.73 billion. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 EPS. equities analysts predict that Intel Corporation will post 3.25 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be given a $0.2725 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 annualized dividend and a yield of 2.38%. Intel Corporation’s dividend payout ratio is currently 38.11%.
In related news, insider Stacy J. Smith sold 472,337 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $44.23, for a total value of $20,891,465.51. Following the sale, the insider now directly owns 265,298 shares of the company’s stock, valued at approximately $11,734,130.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian M. Krzanich sold 61,860 shares of the business’s stock in a transaction dated 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 $21,072,545.52. The disclosure for this sale can be found here. Insiders sold a total of 659,036 shares of company stock worth $28,872,880 over the last ninety days. 0.08% of the stock is currently owned by insiders.
Several brokerages recently issued reports on INTC. B. Riley reiterated a “buy” rating and set a $46.00 price objective on shares of Intel Corporation in a report on Friday, July 28th. BidaskClub upgraded Intel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Vetr lowered Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.26 price objective for the company. in a report on Tuesday, August 8th. Sanford C. Bernstein set a $30.00 price objective on Intel Corporation and gave the stock a “sell” rating in a report on Tuesday, August 15th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “hold” rating on shares of Intel Corporation in a report on Wednesday, August 9th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $43.28.
Intel Corporation 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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