Intel Corporation (NASDAQ:INTC) Position Cut by DF Dent & Co. Inc.
DF Dent & Co. Inc. lowered its position in shares of Intel Corporation (NASDAQ:INTC) by 2.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 336,591 shares of the chip maker’s stock after selling 10,098 shares during the period. DF Dent & Co. Inc.’s holdings in Intel Corporation were worth $12,141,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Orrstown Financial Services Inc. raised its position in Intel Corporation by 96.6% in the first quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock valued at $134,000 after buying an additional 1,830 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in Intel Corporation by 53.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock valued at $146,000 after buying an additional 1,400 shares during the last quarter. Vigilant Capital Management LLC raised its position in Intel Corporation by 22.6% in the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after buying an additional 805 shares during the last quarter. Security Asset Management bought a new position in Intel Corporation during the fourth quarter valued at approximately $162,000. Finally, ARP Americas LLC bought a new position in Intel Corporation during the first quarter valued at approximately $202,000. Institutional investors own 67.50% of the company’s stock.
Intel Corporation (NASDAQ INTC) traded down 0.314% during midday trading on Thursday, hitting $36.475. The company had a trading volume of 4,446,257 shares. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $38.45. The stock has a 50 day moving average price of $34.75 and a 200-day moving average price of $35.72. The stock has a market capitalization of $171.40 billion, a PE ratio of 13.922 and a beta of 1.01.
Intel Corporation (NASDAQ:INTC) last issued its earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The firm had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $14.39 billion. During the same quarter in the prior year, the business earned $0.59 earnings per share. The company’s revenue was up 9.1% compared to the same quarter last year. On average, equities analysts predict that Intel Corporation will post $3.01 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be paid a $0.2725 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.98%. Intel Corporation’s payout ratio is 41.76%.
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Several research firms have recently commented on INTC. B. Riley reissued a “buy” rating and issued a $44.00 price target on shares of Intel Corporation in a research report on Friday, April 28th. Jefferies Group LLC lowered Intel Corporation to a “hold” rating and upped their target price for the company from $36.00 to $38.00 in a research report on Friday, April 28th. Sanford C. Bernstein reaffirmed a “sell” rating and set a $30.00 target price on shares of Intel Corporation in a research report on Tuesday, May 2nd. Vetr lowered Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.97 target price on the stock. in a research report on Wednesday, August 2nd. Finally, BidaskClub raised Intel Corporation from a “hold” rating to a “buy” rating in a research report on Thursday. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-seven have given a buy rating to the company. Intel Corporation presently has an average rating of “Hold” and a consensus target price of $40.55.
In other Intel Corporation news, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $36.40, for a total transaction of $51,833.60. Following the completion of the transaction, the insider now owns 1,536 shares of the company’s stock, valued at $55,910.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert Holmes Swan bought 13,888 shares of Intel Corporation stock in a transaction on Monday, June 5th. The shares were purchased at an average cost of $36.31 per share, with a total value of $504,273.28. Following the acquisition, the chief financial officer now directly owns 8,774 shares of the company’s stock, valued at $318,583.94. The disclosure for this purchase can be found here. Insiders sold 91,921 shares of company stock worth $3,130,162 in the last 90 days. Company insiders own 0.09% 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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