Qvt Financial Lp Decreased Intel Corp (NASDAQ:INTC) Stake By $17.64 Million
- Author: Arturo Norris May 18, 2017,
May 18, 2017, 3:02
The institutional investor owned 259,217 shares of the chip maker's stock after selling 1,501 shares during the period.
Daniel Gold decreased its stake in Intel Corp (NASDAQ:INTC) by 45.48% based on its latest 2017Q1 regulatory filing with the SEC. With 65.00% of institutional ownership shows firm has diverse demand in his territory.
Samsung Electronics Co. and Intel Corporation (NASDAQ:INTC) weighed in with their own gripes about Qualcomm Inc. while cheering on the U.S. Federal Trade Commission's lawsuit accusing the chipmaker of trying to corner the market for semiconductors used in smartphones. 19,730,842 shares of the company were exchanged. Jacobus Wealth Management Inc. bought a new stake in Intel during the third quarter valued at about $119,000. Qvt Financial Lp sold 489,890 shares as the company's stock declined 3.69% while stock markets rallied. Legal & General Group Plc now owns 25,096,056 shares of the chip maker's stock worth $905,187,000 after buying an additional 994,392 shares in the last quarter. Finally, Abner Herrman & Brock LLC raised its position in shares of Intel by 0.6% in the third quarter. During the past three months the stock gain 0.27%, bringing six-month performance to 4.79%. The current share price indicates that stock is -6.24% away from its one year high and is moving 24.06% ahead of its 52-week low. The stock of Intel Corporation (NASDAQ:INTC) has "Buy" rating given on Tuesday, September 20 by Canaccord Genuity. Shares are trading 41.14% above their 50-day moving average, and 58.87% below their 200-day moving average. The company has a market capitalization of $167.50 billion, a price-to-earnings ratio of 15.40 and a beta of 1.03.
Just yesterday Intel Corporation (NASDAQ:INTC) traded -0.45% lower at $35.53. The chip maker reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.01. Return on Equity (ROE) stands at 17.4% and Return on Investment (ROI) of 11.1 percent. The firm had revenue of $14.80 billion for the quarter, compared to analyst estimates of $14.80 billion. The company beat the analyst EPS Estimate with the difference of $0.01. The business's revenue was up 8.0% on a year-over-year basis. Analysts, on average, were expecting $0.73 per share, and the company reported EPS of $0.80 - amounting to a positive surprise of 10.16%.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. The Vermont-based Prentiss Smith & Inc has invested 0.39% in Intel Corporation (NASDAQ:INTC).
Now the P/E of Intel Corporation stands at 15.55. If you are reading this story on another publication, it was illegally copied and republished in violation of US and worldwide copyright and trademark laws. If you are accessing this story on another site, it was copied illegally and republished in violation of worldwide trademark and copyright law. The original version of this piece can be accessed at [[permalink]]. Finally, Macquarie reaffirmed an "outperform" rating and set a $40.00 price objective on shares of Intel in a research note on Monday.
The company reported its EPS on 04/27/2017. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have assigned a buy rating to the company. Vetr raised shares of Intel from a "hold" rating to a "buy" rating and set a $37.01 price target for the company in a research report on Monday.
Among 12 analysts covering ONEOK (NYSE:OKE), 1 have Buy rating, 0 Sell and 11 Hold. The shares were sold at an average price of $36.28, for a total transaction of $1,070,151.16. Following the completion of the transaction, the insider now owns 1,536 shares in the company, valued at $55,464.96. Also, insider Diane M. Bryant sold 2,119 shares of the company's stock in a transaction dated Wednesday, April 26th. The ABR is the calculated average of the actual recommendations (strong buy, hold, sell etc) made by the brokerage firms for a given stock. Stuart Chaussee & Associates Inc. now owns 2,896 shares of the chip maker's stock valued at $104,000 after buying an additional 61 shares during the period. Insiders contain to comply with strict disclosure requirements with regard to the sale or purchase of the shares of their company. Over the last 90 days, insiders sold 175,814 shares of company stock valued at $6,304,562.
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. It provides, through Park Hill Group, private fund advisory and placement services for alternative investment managers, including private equity funds, real estate funds and hedge funds.