Intel Co. (INTC) Shares Bought by Empirical Finance LLC

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Empirical Finance LLC boosted its holdings in Intel Co. (NASDAQ:INTC) by 6.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,928 shares of the chip maker’s stock after purchasing an additional 2,482 shares during the quarter. Empirical Finance LLC’s holdings in Intel were worth $2,035,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Intel by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 50,906,186 shares of the chip maker’s stock valued at $2,651,194,000 after acquiring an additional 295,380 shares during the period. LSV Asset Management boosted its holdings in shares of Intel by 2.0% in the first quarter. LSV Asset Management now owns 24,760,162 shares of the chip maker’s stock valued at $1,289,509,000 after acquiring an additional 482,570 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Intel by 14.7% in the fourth quarter. Alliancebernstein L.P. now owns 24,187,824 shares of the chip maker’s stock valued at $1,116,510,000 after acquiring an additional 3,095,697 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in shares of Intel by 47.8% in the fourth quarter. TIAA CREF Investment Management LLC now owns 23,711,209 shares of the chip maker’s stock valued at $1,094,509,000 after acquiring an additional 7,669,737 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in shares of Intel by 4.1% in the first quarter. Fisher Asset Management LLC now owns 22,690,661 shares of the chip maker’s stock valued at $1,181,730,000 after acquiring an additional 887,657 shares during the period. 65.49% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Navin Shenoy sold 601 shares of the firm’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $47.69, for a total value of $28,661.69. Following the completion of the transaction, the executive vice president now owns 40,903 shares in the company, valued at $1,950,664.07. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Steven Ralph Rodgers sold 2,213 shares of the firm’s stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $52.43, for a total value of $116,027.59. Following the completion of the transaction, the executive vice president now owns 23,268 shares of the company’s stock, valued at approximately $1,219,941.24. The disclosure for this sale can be found here. Insiders sold 4,077 shares of company stock valued at $205,757 in the last quarter. 0.03% of the stock is currently owned by company insiders.

Several equities research analysts have recently weighed in on the company. BidaskClub downgraded Intel from a “hold” rating to a “sell” rating in a report on Friday. Stifel Nicolaus set a $52.00 price objective on Intel and gave the company a “neutral” rating in a report on Wednesday. Morningstar set a $65.00 price objective on Intel and gave the company a “buy” rating in a report on Wednesday, August 29th. Macquarie set a $60.00 price objective on Intel and gave the company a “buy” rating in a report on Wednesday, August 29th. Finally, BNP Paribas set a $54.00 price objective on Intel and gave the company a “hold” rating in a report on Tuesday, August 28th. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty-two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $55.63.

NASDAQ:INTC opened at $47.26 on Friday. The firm has a market capitalization of $226.57 billion, a price-to-earnings ratio of 13.66, a price-to-earnings-growth ratio of 1.39 and a beta of 0.97. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.15. Intel Co. has a 1 year low of $35.08 and a 1 year high of $57.60.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 26th. The chip maker reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.05. The firm had revenue of $16.96 billion during the quarter, compared to analysts’ expectations of $16.78 billion. Intel had a return on equity of 27.33% and a net margin of 20.07%. Intel’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.72 earnings per share. sell-side analysts anticipate that Intel Co. will post 4.15 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 1st. Shareholders of record on Tuesday, August 7th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Monday, August 6th. Intel’s payout ratio is 34.68%.

Intel Profile

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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