Intel Corporation (INTC) Position Cut by Advisors Management Group Inc. ADV
Advisors Management Group Inc. ADV reduced its position in Intel Corporation (NASDAQ:INTC) by 0.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 72,970 shares of the chip maker’s stock after selling 77 shares during the period. Advisors Management Group Inc. ADV’s holdings in Intel Corporation were worth $2,462,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Watermark Asset Management Inc. bought a new position in Intel Corporation in the 1st quarter valued at about $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in Intel Corporation by 53.0% in 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 acquiring an additional 1,400 shares during the period. Orrstown Financial Services Inc. raised its holdings in Intel Corporation by 23.0% in the 2nd quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock valued at $155,000 after acquiring an additional 857 shares during the period. Winfield Associates Inc. raised its holdings in Intel Corporation by 6.0% in the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after acquiring an additional 265 shares during the period. Finally, Vigilant Capital Management LLC raised its holdings in Intel Corporation by 22.6% in the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after acquiring an additional 805 shares during the period. Institutional investors and hedge funds own 66.90% of the company’s stock.
INTC has been the topic of several recent research reports. Zacks Investment Research cut shares of Intel Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Canaccord Genuity raised their target price on shares of Intel Corporation from $41.00 to $45.00 and gave the stock a “hold” rating in a report on Friday. ValuEngine cut shares of Intel Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Goldman Sachs Group, Inc. (The) reaffirmed a “hold” rating and set a $39.00 target price on shares of Intel Corporation in a report on Monday, July 31st. Finally, BidaskClub raised shares of Intel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $43.40.
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Shares of Intel Corporation (NASDAQ:INTC) opened at $44.62 on Tuesday. 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 company has a market cap of $209,220.00, a PE ratio of 14.03, a PEG ratio of 1.63 and a beta of 1.09. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $47.30.
Intel Corporation (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.21. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. The business had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $15.73 billion. During the same period in the previous year, the company earned $0.80 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. research analysts anticipate that Intel Corporation will post 3.25 EPS for the current year.
The company also recently declared 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. This represents a $1.09 annualized dividend and a yield of 2.44%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio (DPR) is presently 38.25%.
In related news, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total transaction of $66,543.52. Following 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 the SEC website. Also, CEO Brian M. Krzanich sold 61,860 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the transaction, the chief executive officer now owns 543,948 shares in the company, valued at $21,072,545.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 659,036 shares of company stock worth $28,872,880. 0.08% of the stock is owned by corporate insiders.
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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