Intel Corp. (INTC) Shares Sold by Ken Stern & Associates Inc.
Ken Stern & Associates Inc. decreased its stake in Intel Corp. (NASDAQ:INTC) by 50.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 14,192 shares of the chip maker’s stock after selling 14,711 shares during the period. Ken Stern & Associates Inc.’s holdings in Intel Corp. were worth $465,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. D. Scott Neal Inc. boosted its stake in Intel Corp. by 0.7% in the second quarter. D. Scott Neal Inc. now owns 4,969 shares of the chip maker’s stock valued at $163,000 after buying an additional 35 shares during the period. Accredited Investors Inc. boosted its stake in Intel Corp. by 0.4% in the first quarter. Accredited Investors Inc. now owns 20,443 shares of the chip maker’s stock valued at $661,000 after buying an additional 73 shares during the period. Fruth Investment Management boosted its stake in Intel Corp. by 0.6% in the second quarter. Fruth Investment Management now owns 13,489 shares of the chip maker’s stock valued at $442,000 after buying an additional 75 shares during the period. Investors Asset Management of Georgia Inc. GA ADV boosted its stake in Intel Corp. by 0.4% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 25,885 shares of the chip maker’s stock valued at $849,000 after buying an additional 100 shares during the period. Finally, Carroll Financial Associates Inc. boosted its stake in Intel Corp. by 0.4% in the second quarter. Carroll Financial Associates Inc. now owns 24,046 shares of the chip maker’s stock valued at $788,000 after buying an additional 102 shares during the period. 64.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Intel Corp. (NASDAQ:INTC) traded down 0.38% during midday trading on Wednesday, reaching $37.13. 14,053,261 shares of the company were exchanged. Intel Corp. has a 12-month low of $27.68 and a 12-month high of $38.36. The stock has a market capitalization of $175.66 billion, a P/E ratio of 18.01 and a beta of 1.09. The company has a 50 day moving average price of $36.69 and a 200-day moving average price of $33.56.
Intel Corp. (NASDAQ:INTC) last announced its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.06. The company earned $13.50 billion during the quarter, compared to the consensus estimate of $13.54 billion. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 EPS. On average, analysts forecast that Intel Corp. will post $2.58 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.80%. Intel Corp.’s dividend payout ratio (DPR) is presently 50.24%.
Several analysts have recently commented on the stock. Royal Bank Of Canada reissued a “hold” rating on shares of Intel Corp. in a research note on Saturday, July 9th. B. Riley reissued a “buy” rating and set a $42.00 price target on shares of Intel Corp. in a research note on Thursday, July 21st. Robert W. Baird increased their price target on shares of Intel Corp. from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, September 6th. Citigroup Inc. restated a “neutral” rating and issued a $35.00 price objective (up from $31.00) on shares of Intel Corp. in a report on Thursday, June 30th. Finally, Cowen and Company increased their price objective on shares of Intel Corp. from $36.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, September 16th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. Intel Corp. currently has an average rating of “Buy” and an average target price of $39.66.
In related news, EVP Venkata S. M. Renduchintala sold 13,997 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $34.71, for a total transaction of $485,835.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian M. Krzanich sold 67,508 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $37.71, for a total value of $2,545,726.68. Following the transaction, the chief executive officer now owns 420,506 shares of the company’s stock, valued at $15,857,281.26. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.
Intel Corp. Company Profile
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. 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.
Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corp. (NASDAQ:INTC).
Receive News & Ratings for Intel Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel Corp. and related companies with MarketBeat.com's FREE daily email newsletter.