Bronfman E.L. Rothschild L.P. Acquires 23,789 Shares of Intel Corporation (INTC)

Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Intel Corporation (NASDAQ:INTC) by 48.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 72,754 shares of the chip maker’s stock after acquiring an additional 23,789 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Intel were worth $2,455,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Conservest Capital Advisors Inc. raised its position in shares of Intel by 0.6% in the second quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock valued at $302,000 after purchasing an additional 51 shares during the period. Bank of Stockton raised its position in shares of Intel by 0.4% in the second quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock valued at $550,000 after purchasing an additional 72 shares during the period. Benin Management CORP raised its position in shares of Intel by 0.3% in the second quarter. Benin Management CORP now owns 26,055 shares of the chip maker’s stock valued at $879,000 after purchasing an additional 84 shares during the period. Lourd Capital LLC raised its position in shares of Intel by 1.1% in the first quarter. Lourd Capital LLC now owns 9,094 shares of the chip maker’s stock valued at $328,000 after purchasing an additional 99 shares during the period. Finally, Wellington Shields & Co. LLC raised its position in shares of Intel by 0.5% in the second quarter. Wellington Shields & Co. LLC now owns 20,100 shares of the chip maker’s stock valued at $678,000 after purchasing an additional 100 shares during the period. 67.69% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently commented on INTC. Sanford C. Bernstein set a $30.00 price target on shares of Intel and gave the company a “sell” rating in a research report on Tuesday, August 15th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $40.00 price target (up previously from $37.00) on shares of Intel in a research report on Friday, October 6th. KeyCorp restated a “buy” rating and issued a $50.00 price objective on shares of Intel in a research note on Friday, October 27th. Needham & Company LLC restated a “buy” rating and issued a $43.00 price objective on shares of Intel in a research note on Friday, October 27th. Finally, Deutsche Bank restated a “buy” rating and issued a $45.00 price objective on shares of Intel in a research note on Friday, October 27th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $43.68.

In related news, CEO Brian M. Krzanich sold 889,878 shares of Intel 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of Intel stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total value of $66,543.52. Following the completion of the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at $71,777.28. The disclosure for this sale can be found here. Insiders sold 1,548,914 shares of company stock valued at $68,196,589 over the last ninety days. 0.08% of the stock is currently owned by company insiders.

Intel Corporation (NASDAQ INTC) opened at $43.44 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. Intel Corporation has a twelve month low of $33.23 and a twelve month high of $47.30. The stock has a market capitalization of $208,213.20, a PE ratio of 13.99, a P/E/G ratio of 1.63 and a beta of 1.06.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.21. Intel had a return on equity of 22.65% and a net margin of 22.31%. The business had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $15.73 billion. During the same period in the previous year, the business posted $0.80 earnings per share. The firm’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 EPS for the current fiscal year.

The firm also recently declared 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 was Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.51%. Intel’s dividend payout ratio is 38.11%.

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About Intel

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).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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