Dowling & Yahnke LLC Decreases Stake in Intel Corporation (INTC)
Dowling & Yahnke LLC lessened its position in Intel Corporation (NASDAQ:INTC) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 192,836 shares of the chip maker’s stock after selling 3,487 shares during the quarter. Dowling & Yahnke LLC’s holdings in Intel Corporation were worth $6,506,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Murphy Capital Management Inc. increased its holdings in shares of Intel Corporation by 18.4% in the second quarter. Murphy Capital Management Inc. now owns 31,721 shares of the chip maker’s stock valued at $1,070,000 after purchasing an additional 4,928 shares during the last quarter. Papp L Roy & Associates increased its holdings in shares of Intel Corporation by 1.2% in the second quarter. Papp L Roy & Associates now owns 68,065 shares of the chip maker’s stock valued at $2,297,000 after purchasing an additional 800 shares during the last quarter. Crescent Grove Advisors LLC acquired a new stake in shares of Intel Corporation in the second quarter valued at approximately $555,000. United Bank increased its holdings in shares of Intel Corporation by 108.0% in the second quarter. United Bank now owns 43,841 shares of the chip maker’s stock valued at $1,479,000 after purchasing an additional 22,765 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its holdings in shares of Intel Corporation by 182.1% in the second quarter. Chicago Partners Investment Group LLC now owns 15,097 shares of the chip maker’s stock valued at $530,000 after purchasing an additional 9,746 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.
Shares of Intel Corporation (INTC) opened at $45.58 on Friday. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $47.30. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $216,684.00, a P/E ratio of 14.56, a P/E/G ratio of 1.69 and a beta of 1.09.
Intel Corporation (NASDAQ:INTC) last posted its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. Intel Corporation had a return on equity of 22.65% and a net margin of 22.31%. The firm had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. During the same quarter in the prior year, the company earned $0.80 EPS. Intel Corporation’s revenue was up 2.4% on a year-over-year basis. equities analysts forecast that Intel Corporation will post 3.25 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be paid a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Monday, November 6th. Intel Corporation’s payout ratio is currently 38.11%.
In related news, Chairman Andy D. Bryant sold 89,087 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $44.80, for a total value of $3,991,097.60. Following the sale, the chairman now owns 428,789 shares of the company’s stock, valued at approximately $19,209,747.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total value of $66,543.52. Following the completion of the transaction, the insider now owns 1,536 shares of the company’s stock, valued at $71,777.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 659,036 shares of company stock worth $28,872,880. 0.08% of the stock is owned by corporate insiders.
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Several equities research analysts recently commented on the company. B. Riley reaffirmed a “buy” rating and issued a $46.00 price target on shares of Intel Corporation in a report on Friday, July 28th. BidaskClub raised Intel Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Vetr cut Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.26 target price for the company. in a research note on Tuesday, August 8th. Sanford C. Bernstein set a $30.00 target price on Intel Corporation and gave the stock a “sell” rating in a research note on Tuesday, August 15th. Finally, Goldman Sachs Group, Inc. (The) reissued a “hold” rating on shares of Intel Corporation in a research note on Wednesday, August 9th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $43.00.
About Intel Corporation
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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