SignalPoint Asset Management LLC Boosts Stake in Intel Corporation
- Author: Zachary Reyes Mar 01, 2017,
Mar 01, 2017, 14:28
Finally, Lenox Wealth Management Inc. boosted its stake in shares of Intel Corporation by 7.2% in the second quarter. Trading around only 17 times to earnings and 2.6 times to book value, Intel's stock offers a strong buying opportunity for new investors. Sfmg LLC raised its position in Intel by 0.6% in the third quarter. Nordea Investment Management AB now owns 6,747,232 shares of the chip maker's stock valued at $254,708,000 after buying an additional 856,812 shares during the period. Jackson Grant Investment Advisers Inc. raised its position in Intel by 0.8% in the second quarter. The number of shares now owned by investors are 4.69 bln. Hodges Capital Management Inc. now owns 16,350 shares of the chip maker's stock worth $593,000 after buying an additional 50 shares during the period. Argentus Capital Management LLC increased its stake in shares of Intel Corporation by 169.9% in the third quarter. Following the transaction, the executive vice president now owns 112,006 shares in the company, valued at $3,891,088.44. Perhaps, that suggests something about why 0.15% of the outstanding share supply is held by institutional investors.
Intel Co. has a 12 month low of $29.50 and a 12 month high of $38.45. (NASDAQ:INTC) opened at 36.51 on Tuesday. Current price places the company's stock 5.62% away from its 200-day simple moving average, 0.14%, away from the 50-day average and also 0.52% away from 20-day average. The company has a market capitalization of $171.88 billion, a P/E ratio of 17.02 and a beta of 1.06.
Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings results on Tuesday, October 18th. The company reported the earnings of $0.79/Share in the last quarter where the estimated EPS by analysts was $0.75/share. Net profit margin of the company was recorded at 17.4 percent, operating profit margin was 21.5 percent, whereas gross profit margin stands at 60.9 percent. The business had revenue of $16.40 billion for the quarter, compared to analysts' expectations of $15.75 billion.
The earnings of Intel Corporation (INTC) are forecasted by the analysts to move at $0.64 in current quarter, from $0.54 a year-ago quarter. Also, EVP Diane M. Bryant sold 11,607 shares of the firm's stock in a transaction dated Wednesday, December 7th. Equities analysts predict that Intel Co. will post $2.78 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components. Intel's dividend payout ratio (DPR) is presently 49.29%.
This piece was reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States and worldwide copyright and trademark laws. BNP Paribas set a $39.00 target price on shares of Intel and gave the company a hold rating in a research report on Saturday, January 28th. Wall Street is only getting more bullish on the stock, with 9 of analysts who cover HPQ having a buy-equivalent rating. Out of 41 brokerage recommendations, 6 gave a Strong Buy, 19 issued a Buy, 14 issued Hold, 2 rated Under-perform and 0 issued a Sell. Its last month's stock price volatility remained 1.27% which for the week approaches 1.46. Following the transaction, the Chairman is left with a stake of 422,111 shares, now valued at $15419715. The shares were sold at an average price of $37.53, for a total value of $25,520.40. During the trading on 02/27/2017, Company's stock ranged from $135.02 to $137.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
The company's consensus rating on Reuter's scale improved from 2.1 to 2.23 during a month. Following the completion of the transaction, the chief executive officer now owns 420,506 shares in the company, valued at approximately $15,857,281.26. The disclosure for this sale can be found here.