Compton Capital Management Inc. RI Reduces Stake in Intel Corp. (INTC)
Compton Capital Management Inc. RI lowered its position in Intel Corp. (NASDAQ:INTC) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 43,712 shares of the chip maker’s stock after selling 350 shares during the period. Compton Capital Management Inc. RI’s holdings in Intel Corp. were worth $1,434,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Carnick & Kubik LLC bought a new stake in shares of Intel Corp. during the first quarter worth $100,000. Proficio Capital Partners LLC boosted 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 valued at $118,000 after buying an additional 1,998 shares in the last quarter. Financial Management Professionals Inc. boosted 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 valued at $129,000 after buying an additional 625 shares in the last quarter. Parasol Investment Management LLC boosted 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 valued at $131,000 after buying an additional 1,020 shares in the last quarter. Finally, American National Bank boosted 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 valued at $146,000 after buying an additional 2,265 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.
Intel Corp. (NASDAQ:INTC) traded up 1.64% during midday trading on Tuesday, reaching $37.90. 4,375,251 shares of the company’s stock traded hands. The company’s 50-day moving average price is $36.91 and its 200-day moving average price is $33.70. Intel Corp. has a 52-week low of $27.68 and a 52-week high of $38.36. The stock has a market cap of $179.30 billion, a P/E ratio of 18.38 and a beta of 1.09.
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. 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 prior year, the company earned $0.55 EPS. The firm’s revenue was up 2.6% on a year-over-year basis. On average, equities analysts predict that Intel Corp. will post $2.58 EPS for the current fiscal year.
The firm also recently disclosed 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. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.79%. Intel Corp.’s dividend payout ratio (DPR) is 50.24%.
Several research firms recently commented on INTC. Royal Bank Of Canada restated a “hold” rating on shares of Intel Corp. in a research report on Saturday, July 9th. B. Riley restated a “buy” rating and issued a $42.00 target price on shares of Intel Corp. in a research report on Thursday, July 21st. Barclays PLC upgraded Intel Corp. from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $38.00 to $45.00 in a research report on Tuesday. Argus reiterated a “buy” rating and set a $41.00 price target on shares of Intel Corp. in a research report on Monday, July 25th. Finally, Sanford C. Bernstein set a $31.00 price target on Intel Corp. and gave the company a “hold” rating in a research report on Thursday, July 21st. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirty-three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $40.00.
In other Intel Corp. news, VP Gregory R. Pearson sold 1,506 shares of the stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $34.46, for a total transaction of $51,896.76. Following the completion of the sale, the vice president now owns 84,505 shares of the company’s stock, valued at approximately $2,912,042.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Venkata S. M. Renduchintala sold 13,997 shares of the stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $34.71, for a total transaction of $485,835.87. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.
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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