Acadian Asset Management LLC Has $2.59 Million Holdings in Intel Corporation (INTC)
Acadian Asset Management LLC cut its holdings in Intel Corporation (NASDAQ:INTC) by 85.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 76,691 shares of the chip maker’s stock after selling 462,470 shares during the period. Acadian Asset Management LLC’s holdings in Intel Corporation were worth $2,588,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of INTC. Watermark Asset Management Inc. purchased a new stake in shares of Intel Corporation during the 1st quarter valued at $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of Intel Corporation by 53.0% during the 1st 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 period. Vigilant Capital Management LLC grew its stake in shares of Intel Corporation by 22.6% during the 1st 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 period. Orrstown Financial Services Inc. grew its stake in shares of Intel Corporation by 23.0% during the 2nd quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock valued at $155,000 after buying an additional 857 shares during the period. Finally, Farmers National Bank grew its stake in shares of Intel Corporation by 5.1% during the 1st quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock valued at $183,000 after buying an additional 234 shares during the period. Institutional investors own 67.03% of the company’s stock.
In other Intel Corporation news, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $36.40, for a total transaction of $51,833.60. Following the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at $55,910.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 13,996 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $35.47, for a total transaction of $496,438.12. Following the sale, the insider now directly owns 1,536 shares in the company, valued at $54,481.92. The disclosure for this sale can be found here. In the last three months, insiders sold 91,921 shares of company stock worth $3,130,162. 0.08% of the stock is currently owned by insiders.
Intel Corporation (NASDAQ:INTC) traded up 0.0356% on Thursday, hitting $37.0832. 6,523,522 shares of the stock were exchanged. The company has a 50 day moving average of $35.74 and a 200 day moving average of $35.53. Intel Corporation has a one year low of $33.23 and a one year high of $38.45. The stock has a market capitalization of $174.25 billion, a P/E ratio of 14.1539 and a beta of 1.02.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. The business had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 earnings per share. On average, equities research analysts forecast that Intel Corporation will post $3.01 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be given a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio is presently 41.76%.
Several analysts have recently issued reports on INTC shares. Canaccord Genuity reissued a “hold” rating on shares of Intel Corporation in a research note on Saturday, June 3rd. Jefferies Group LLC set a $38.00 price objective on shares of Intel Corporation and gave the company a “hold” rating in a research note on Saturday, June 3rd. Zacks Investment Research cut shares of Intel Corporation from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. Vetr raised shares of Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $40.45 price objective for the company in a research note on Monday, June 12th. Finally, Raymond James Financial, Inc. reissued an “underperform” rating on shares of Intel Corporation in a research note on Friday, June 16th. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. Intel Corporation currently has a consensus rating of “Hold” and an average target price of $40.54.
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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