Douglass Winthrop Advisors LLC trimmed its stake in shares of Intel Corporation (NASDAQ:INTC) by 4.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,836 shares of the chip maker’s stock after selling 1,597 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Intel Corporation were worth $1,175,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. Summit Asset Management LLC boosted its position in shares of Intel Corporation by 0.7% during the 1st quarter. Summit Asset Management LLC now owns 6,281 shares of the chip maker’s stock worth $227,000 after acquiring an additional 46 shares in the last quarter. Conservest Capital Advisors Inc. boosted its position in shares of Intel Corporation by 0.6% during the 2nd quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock worth $302,000 after acquiring an additional 51 shares in the last quarter. Hudock Capital Group LLC boosted its position in shares of Intel Corporation by 0.4% during the 1st quarter. Hudock Capital Group LLC now owns 12,570 shares of the chip maker’s stock worth $453,000 after acquiring an additional 53 shares in the last quarter. Bank of Stockton boosted its position in shares of Intel Corporation by 0.4% during the 2nd quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock worth $550,000 after acquiring an additional 72 shares in the last quarter. Finally, Benin Management CORP boosted its position in shares of Intel Corporation by 0.3% during the 2nd quarter. Benin Management CORP now owns 26,055 shares of the chip maker’s stock worth $879,000 after acquiring an additional 84 shares in the last quarter. 67.17% of the stock is owned by hedge funds and other institutional investors.
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Intel Corporation (NASDAQ:INTC) opened at $45.86 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $47.30. The firm has a market cap of $214,110.00, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 1.67 and a beta of 1.09.
Intel Corporation (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.21. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. The business had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. During the same quarter in the previous year, the business earned $0.80 EPS. Intel Corporation’s quarterly revenue was up 2.4% compared to the same quarter last year. equities analysts anticipate that Intel Corporation will post 3.25 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be paid a $0.2725 dividend. This represents a $1.09 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Monday, November 6th. Intel Corporation’s payout ratio is presently 38.11%.
Several analysts have recently weighed in on the company. Barclays PLC reaffirmed a “buy” rating and set a $55.00 price objective on shares of Intel Corporation in a research note on Monday. Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 price objective on shares of Intel Corporation in a research note on Wednesday, November 1st. Canaccord Genuity upped their price objective on Intel Corporation from $38.00 to $41.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Sanford C. Bernstein set a $34.00 price objective on Intel Corporation and gave the company a “sell” rating in a research note on Friday, October 27th. Finally, BMO Capital Markets raised Intel Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, October 30th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Intel Corporation presently has an average rating of “Buy” and an average target price of $43.28.
In related news, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s 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 sale, the insider now owns 1,536 shares of the company’s stock, valued at $71,777.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Stacy J. Smith sold 472,337 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the completion of the sale, the insider now directly owns 265,298 shares in the company, valued at approximately $11,734,130.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 659,036 shares of company stock valued at $28,872,880. Company insiders own 0.08% of the company’s stock.
Intel Corporation Company Profile
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).
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