First Allied Advisory Services Inc. Acquires 9,022 Shares of Intel Corporation (INTC)
First Allied Advisory Services Inc. lifted its holdings in Intel Corporation (NASDAQ:INTC) by 3.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 286,316 shares of the chip maker’s stock after purchasing an additional 9,022 shares during the quarter. First Allied Advisory Services Inc. owned 0.07% of Intel worth $9,657,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of INTC. Vanguard Group Inc. raised its holdings in shares of Intel by 2.5% in the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after acquiring an additional 8,087,302 shares in the last quarter. Glenview Capital Management LLC bought a new stake in shares of Intel in the first quarter valued at about $177,881,000. Parametric Portfolio Associates LLC raised its holdings in shares of Intel by 40.8% in the second quarter. Parametric Portfolio Associates LLC now owns 13,907,294 shares of the chip maker’s stock valued at $469,232,000 after acquiring an additional 4,029,462 shares in the last quarter. DnB Asset Management AS raised its holdings in shares of Intel by 72.2% in the second quarter. DnB Asset Management AS now owns 9,355,948 shares of the chip maker’s stock valued at $315,670,000 after acquiring an additional 3,922,470 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its holdings in shares of Intel by 90.7% in the second quarter. Epoch Investment Partners Inc. now owns 3,743,008 shares of the chip maker’s stock valued at $126,288,000 after acquiring an additional 1,779,919 shares in the last quarter. 67.69% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Stacy J. Smith sold 472,337 shares of the stock in a transaction dated 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 transaction, the insider now owns 265,298 shares of the company’s stock, valued at approximately $11,734,130.54. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Brian M. Krzanich sold 889,878 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total value of $39,323,708.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,548,914 shares of company stock valued at $68,196,589. Company insiders own 0.08% of the company’s stock.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The company had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $15.73 billion. Intel had a return on equity of 22.65% and a net margin of 22.31%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.80 EPS. equities research analysts anticipate that Intel Corporation will post 3.25 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th were issued a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date was Monday, November 6th. Intel’s dividend payout ratio is presently 38.25%.
Several analysts recently weighed in on the company. Instinet lifted their price objective on Intel to $50.00 and gave the company a “buy” rating in a report on Tuesday, December 5th. Canaccord Genuity lifted their target price on Intel from $41.00 to $45.00 and gave the company a “hold” rating in a research note on Friday, November 17th. Barclays reiterated a “buy” rating and issued a $55.00 target price on shares of Intel in a research note on Monday, November 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $50.00 target price on shares of Intel in a research note on Wednesday, November 1st. Finally, BMO Capital Markets upgraded Intel from a “market perform” rating to an “outperform” rating in a research note on Monday, October 30th. Five equities research 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 stock. The stock has an average rating of “Buy” and an average price target of $43.68.
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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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