Intel Corporation (INTC) Shares Sold by Wayne Hummer Investments L.L.C.
Wayne Hummer Investments L.L.C. cut its holdings in shares of Intel Corporation (NASDAQ:INTC) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,531 shares of the chip maker’s stock after selling 289 shares during the quarter. Wayne Hummer Investments L.L.C.’s holdings in Intel Corporation were worth $1,469,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of INTC. Glenview Capital Management LLC acquired a new position in shares of Intel Corporation during the first quarter worth approximately $177,881,000. DnB Asset Management AS lifted its holdings in shares of Intel Corporation by 72.2% during the second quarter. DnB Asset Management AS now owns 9,355,948 shares of the chip maker’s stock worth $315,670,000 after buying an additional 3,922,470 shares during the last quarter. Gotham Asset Management LLC lifted its holdings in shares of Intel Corporation by 112.1% during the first quarter. Gotham Asset Management LLC now owns 1,741,166 shares of the chip maker’s stock worth $62,804,000 after buying an additional 920,285 shares during the last quarter. Hamlin Capital Management LLC lifted its holdings in shares of Intel Corporation by 64.3% during the second quarter. Hamlin Capital Management LLC now owns 2,257,617 shares of the chip maker’s stock worth $76,172,000 after buying an additional 883,525 shares during the last quarter. Finally, Pictet Asset Management Ltd. increased its position in shares of Intel Corporation by 11.9% during the first quarter. Pictet Asset Management Ltd. now owns 8,323,744 shares of the chip maker’s stock valued at $300,238,000 after purchasing an additional 882,905 shares during the period. Institutional investors own 67.17% of the company’s stock.
In related news, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total transaction of $66,543.52. Following the completion of the transaction, the insider now directly owns 1,536 shares in the company, valued at $71,777.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Stacy J. Smith sold 472,337 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $44.23, for a total value of $20,891,465.51. Following the transaction, the insider now owns 265,298 shares of the company’s stock, valued at $11,734,130.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 659,036 shares of company stock valued at $28,872,880. 0.08% of the stock is owned by corporate insiders.
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INTC has been the topic of a number of research reports. Credit Suisse Group restated an “outperform” rating on shares of Intel Corporation in a research report on Thursday, August 31st. Stifel Nicolaus boosted their price objective on Intel Corporation from $41.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Zacks Investment Research upgraded Intel Corporation from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Wednesday, September 6th. BidaskClub cut Intel Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Vetr upgraded Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $44.36 price objective on the stock in a research report on Wednesday, October 11th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $43.40.
Intel Corporation (NASDAQ:INTC) opened at $44.63 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $208,868.41, a PE ratio of 14.03, a P/E/G ratio of 1.63 and a beta of 1.09. Intel Corporation has a fifty-two week low of $33.23 and a fifty-two week high of $47.30.
Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.21. The business had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $15.73 billion. Intel Corporation had a return on equity of 22.65% and a net margin of 22.31%. Intel Corporation’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the company earned $0.80 earnings per share. analysts anticipate that Intel Corporation will post 3.25 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be issued a dividend of $0.2725 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.44%. Intel Corporation’s payout ratio is presently 38.11%.
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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