Isthmus Partners LLC Has $6,243,000 Position in Intel Corp. (INTC)
Isthmus Partners LLC reduced its position in shares of Intel Corp. (NASDAQ:INTC) by 1.3% during the second quarter, Holdings Channel reports. The institutional investor owned 190,333 shares of the chip maker’s stock after selling 2,547 shares during the period. Intel Corp. makes up 2.1% of Isthmus Partners LLC’s holdings, making the stock its 14th largest position. Isthmus Partners LLC’s holdings in Intel Corp. were worth $6,243,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Carnick & Kubik LLC bought a new stake in Intel Corp. during the first quarter worth about $100,000. Proficio Capital Partners LLC raised its stake in Intel Corp. by 143.0% in the second quarter. Proficio Capital Partners LLC now owns 3,395 shares of the chip maker’s stock worth $118,000 after buying an additional 1,998 shares in the last quarter. Financial Management Professionals Inc. raised its stake in Intel Corp. by 18.7% in the second quarter. Financial Management Professionals Inc. now owns 3,960 shares of the chip maker’s stock worth $129,000 after buying an additional 625 shares in the last quarter. Parasol Investment Management LLC raised its stake in 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. Finally, American National Bank raised its stake in 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. 64.82% of the stock is currently owned by institutional investors.
Shares of Intel Corp. (NASDAQ:INTC) traded up 0.280% during midday trading on Monday, hitting $37.555. The stock had a trading volume of 2,633,425 shares. The stock has a market cap of $177.67 billion, a PE ratio of 18.213 and a beta of 1.09. The stock has a 50-day moving average of $36.86 and a 200 day moving average of $33.65. Intel Corp. has a 52 week low of $27.68 and a 52 week high of $38.36.
Intel Corp. (NASDAQ:INTC) last posted its earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The company earned $13.50 billion during the quarter, compared to analysts’ expectations of $13.54 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. Intel Corp.’s quarterly revenue was up 2.6% compared to the same quarter last year. Analysts anticipate that Intel Corp. will post $2.58 EPS for the current fiscal year.
The company 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 $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s dividend payout ratio (DPR) is currently 50.24%.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Intel Corp. from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Tuesday, June 21st. Argus reissued a “buy” rating and set a $41.00 target price on shares of Intel Corp. in a research report on Wednesday, June 29th. Vetr raised Intel Corp. from a “hold” rating to a “buy” rating and set a $32.02 target price on the stock in a research report on Tuesday, June 28th. Canaccord Genuity raised their target price on Intel Corp. from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, July 18th. Finally, Brean Capital raised their target price on Intel Corp. from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, July 18th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirty-two have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $39.73.
In related news, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian M. Krzanich sold 67,508 shares of the firm’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 transaction of $2,545,726.68. Following the completion of the sale, the chief executive officer now directly owns 420,506 shares of the company’s stock, valued at approximately $15,857,281.26. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.
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.
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