Conestoga Capital Advisors LLC Sells 70 Shares of Intel Corp. (INTC)
Conestoga Capital Advisors LLC cut its position in shares of Intel Corp. (NASDAQ:INTC) by 0.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 12,280 shares of the chip maker’s stock after selling 70 shares during the period. Conestoga Capital Advisors LLC’s holdings in Intel Corp. were worth $403,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the stock. Carnick & Kubik LLC acquired a new position in shares of Intel Corp. during the first quarter worth about $100,000. Parasol Investment Management LLC boosted its position in shares of Intel Corp. by 34.3% in the second quarter. Parasol Investment Management LLC now owns 3,990 shares of the chip maker’s stock worth $131,000 after buying an additional 1,020 shares in the last quarter. American National Bank boosted its position in shares of Intel Corp. by 103.2% in the second quarter. American National Bank now owns 4,459 shares of the chip maker’s stock worth $146,000 after buying an additional 2,265 shares in the last quarter. D. Scott Neal Inc. boosted its position in shares of Intel Corp. by 0.7% in the second quarter. D. Scott Neal Inc. now owns 4,969 shares of the chip maker’s stock worth $163,000 after buying an additional 35 shares in the last quarter. Finally, CapWealth Advisors LLC boosted its position in shares of Intel Corp. by 43.9% in the first quarter. CapWealth Advisors LLC now owns 5,493 shares of the chip maker’s stock worth $178,000 after buying an additional 1,676 shares in the last quarter. 64.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Intel Corp. (NASDAQ:INTC) traded down 0.43% during mid-day trading on Thursday, hitting $36.97. The stock had a trading volume of 16,935,615 shares. The stock has a 50 day moving average price of $36.74 and a 200-day moving average price of $33.59. Intel Corp. has a 52-week low of $27.68 and a 52-week high of $38.36. The company has a market cap of $174.91 billion, a PE ratio of 17.93 and a beta of 1.09.
Intel Corp. (NASDAQ:INTC) last issued its earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. The business 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 company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 EPS. On average, equities analysts expect that Intel Corp. will post $2.58 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Thursday, November 3rd. Intel Corp.’s dividend payout ratio (DPR) is 50.24%.
A number of equities analysts have recently weighed in on the stock. Citigroup Inc. reissued a “neutral” rating and set a $35.00 price target (up from $31.00) on shares of Intel Corp. in a research report on Thursday, June 30th. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Intel Corp. in a research report on Thursday, July 21st. BNP Paribas set a $37.00 price target on shares of Intel Corp. and gave the stock a “neutral” rating in a research report on Friday, July 22nd. Argus reissued a “buy” rating and set a $41.00 price target on shares of Intel Corp. in a research report on Monday, July 25th. Finally, Vetr cut shares of Intel Corp. from a “strong-buy” rating to a “buy” rating and set a $41.20 price target on the stock. in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-two have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $39.64.
In related news, VP Gregory R. Pearson sold 1,506 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $34.46, for a total value of $51,896.76. Following the completion of the transaction, the vice president now directly owns 84,505 shares of the company’s stock, valued at approximately $2,912,042.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Venkata S. M. Renduchintala sold 13,997 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $34.71, for a total value of $485,835.87. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.
About Intel Corp.
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.
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