Intel Corporation (INTC) Stake Held by Bienville Capital Management LLC
Bienville Capital Management LLC maintained its position in shares of Intel Corporation (NASDAQ:INTC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,100 shares of the chip maker’s stock at the close of the second quarter. Bienville Capital Management LLC’s holdings in Intel were worth $577,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Watermark Asset Management Inc. bought a new position in shares of Intel during the 1st quarter worth approximately $113,000. Winfield Associates Inc. boosted its stake in shares of Intel by 6.0% during the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after acquiring an additional 265 shares during the period. Vigilant Capital Management LLC boosted its stake in shares of Intel by 22.6% during the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after acquiring an additional 805 shares during the period. Burt Wealth Advisors boosted its stake in shares of Intel by 236.1% during the 2nd quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock worth $166,000 after acquiring an additional 3,471 shares during the period. Finally, Farmers National Bank boosted its stake in Intel by 5.1% in the 1st quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock valued at $183,000 after purchasing an additional 234 shares during the period. 67.69% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on INTC shares. Goldman Sachs Group restated a “hold” rating on shares of Intel in a research note on Wednesday, August 9th. BidaskClub upgraded Intel from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Sanford C. Bernstein set a $30.00 price target on Intel and gave the company a “sell” rating in a research note on Tuesday, August 15th. Zacks Investment Research cut Intel from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Intel in a report on Tuesday, August 22nd. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $43.68.
Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. Intel had a return on equity of 22.65% and a net margin of 22.31%. The firm had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $15.73 billion. During the same period in the previous year, the firm posted $0.80 EPS. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. research analysts predict that Intel Corporation will post 3.25 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Tuesday, November 7th were issued a $0.2725 dividend. The ex-dividend date of this dividend was Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a yield of 2.51%. Intel’s payout ratio is currently 38.11%.
In related news, CEO Brian M. Krzanich sold 61,860 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $38.74, for a total value of $2,396,456.40. Following the completion of the transaction, the chief executive officer now directly owns 543,948 shares in the company, valued at approximately $21,072,545.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stacy J. Smith sold 472,337 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the completion of the transaction, the insider now owns 265,298 shares of the company’s stock, valued at $11,734,130.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,548,914 shares of company stock valued at $68,196,589. 0.08% of the stock is owned by company insiders.
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Intel 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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