Claybrook Capital LLC lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 6.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,248 shares of the chip maker’s stock after selling 1,000 shares during the quarter. Claybrook Capital LLC’s holdings in Intel were worth $738,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in INTC. FMR LLC raised its holdings in Intel by 39.2% during the second quarter. FMR LLC now owns 29,092,410 shares of the chip maker’s stock worth $1,740,598,000 after purchasing an additional 8,197,324 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Intel by 116.0% during the second quarter. Nordea Investment Management AB now owns 14,478,112 shares of the chip maker’s stock worth $863,186,000 after acquiring an additional 7,774,135 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Intel by 7.0% during the second quarter. Bank of New York Mellon Corp now owns 43,643,371 shares of the chip maker’s stock worth $2,611,183,000 after acquiring an additional 2,854,921 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Intel by 213.3% during the second quarter. Assenagon Asset Management S.A. now owns 2,776,281 shares of the chip maker’s stock worth $166,105,000 after acquiring an additional 1,890,088 shares during the last quarter. Finally, Two Sigma Advisers LP grew its position in shares of Intel by 64.2% during the second quarter. Two Sigma Advisers LP now owns 4,474,275 shares of the chip maker’s stock worth $267,696,000 after acquiring an additional 1,748,800 shares during the last quarter. 64.41% of the stock is currently owned by institutional investors.
In other news, VP Kevin Thomas Mcbride sold 4,400 shares of the company’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $49.28, for a total transaction of $216,832.00. Following the completion of the transaction, the vice president now owns 14,214 shares of the company’s stock, valued at approximately $700,465.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert Holmes Swan acquired 8,021 shares of the company’s stock in a transaction dated Wednesday, October 28th. The shares were bought at an average cost of $44.96 per share, with a total value of $360,624.16. Following the purchase, the chief executive officer now owns 309,844 shares in the company, valued at $13,930,586.24. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 22nd. The chip maker reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.01. Intel had a net margin of 29.97% and a return on equity of 31.55%. The firm had revenue of $18.33 billion during the quarter, compared to the consensus estimate of $18.26 billion. During the same quarter in the previous year, the company posted $1.42 EPS. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. As a group, equities analysts anticipate that Intel Co. will post 4.86 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Saturday, November 7th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.98%. The ex-dividend date is Friday, November 6th. Intel’s payout ratio is 27.10%.
A number of equities analysts have recently issued reports on INTC shares. JPMorgan Chase & Co. lowered their target price on shares of Intel from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, October 23rd. Cowen lowered their target price on shares of Intel from $55.00 to $50.00 and set a “market perform” rating on the stock in a research report on Friday, October 23rd. ValuEngine upgraded shares of Intel from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 10th. BidaskClub lowered shares of Intel from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, UBS Group lowered their price objective on shares of Intel from $67.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Thirteen investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $57.97.
Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.
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