NN Investment Partners Holdings N.V. lowered its position in Intel Corp. TPG will own 51 percent of the new entity, valuing the entire firm at $4.2 billion comprising debt.
Advertisement
Several hedge funds and institutional investors have added to or reduced their stakes in INTC. First United Bank Trust raised its position in shares of Intel Corp.by 7.0% in the second quarter. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. Tekne Capital Management Llc owns 1.08 million shares or 9.58% of their United States portfolio. Fisher Asset Management LLC now owns 19,856,887 shares of the chip maker’s stock worth $682,680,000 after buying an additional 230,400 shares in the last quarter. Roth Capital analyst S. Desilva expects that the brokerage will earn $0.68 per share for the quarter. The $37.23 average target is 3.19% above today’s ($36.08) stock price. (NASDAQ:INTC) opened at 36.08 on Monday. The company’s stock had a trading volume of 16,726,718 shares. The stock has a 50 day moving average of $35.05 and a 200-day moving average of $32.41. Company net profit margin stands at 17.80% whereas its return on equity (ROE) is 16.80%. Over the last 3 months and over the last 6 months, the shares of Intel Corporation (INTC), have changed 13.95% and 32.49%, respectively. For the prior quarter revenue for the stock hit $13.8B, with EPS at $0.54. The business had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.54 billion. Revenues for the second quarter of fiscal 2017 were $626 million, up approximately 16 percent from $541 million in the prior quarter and down approximately 12 percent from the same quarter of previous year.
Next Fiscal Year Estimate Trends: A current consensus EPS projection for next fiscal year is observed at $2.71 and one month ago consensus EPS forecast was at $2.70.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Overweight rating was given by “2” and Underweight rating was given by “1”. The ex-dividend date of this dividend was Wednesday, August 3rd. The consensus rating is 2.3, suggesting the market has given up on the stock. The stock failed to cross $36.65 in Wednesdays trading. “13” rated the company as a “Hold”, according to WSJ data. Canaccord Genuity reiterated a “buy” rating and set a $40.00 price target on shares of Intel Corp.in a research note on Tuesday, August 23rd.
Advertisement
In other news, CEO Brian M. Krzanich sold 71,413 shares of the business’s stock in a transaction on Friday, July 1st. Also, VP Gregory R. Pearson sold 1,506 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. Moreover, Alpine Investment Management Llc has 9.41% invested in the company for 3.75 million shares. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
