SFE Investment Counsel lessened its stake in Intel Corporation (NASDAQ:INTC) by 13.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,245 shares of the chip maker’s stock after selling 11,644 shares during the period. SFE Investment Counsel’s holdings in Intel Corporation were worth $2,606,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of INTC. LLBH Private Wealth Management LLC grew its holdings in Intel Corporation by 0.8% during the 2nd quarter. LLBH Private Wealth Management LLC now owns 30,378 shares of the chip maker’s stock worth $1,025,000 after acquiring an additional 256 shares during the period. Horan Capital Advisors LLC. grew its holdings in Intel Corporation by 2.1% during the 2nd quarter. Horan Capital Advisors LLC. now owns 69,761 shares of the chip maker’s stock worth $2,354,000 after acquiring an additional 1,461 shares during the period. Northpointe Capital LLC grew its holdings in Intel Corporation by 4.6% during the 2nd quarter. Northpointe Capital LLC now owns 103,978 shares of the chip maker’s stock worth $3,508,000 after acquiring an additional 4,549 shares during the period. State of Wisconsin Investment Board grew its holdings in Intel Corporation by 10.8% during the 2nd quarter. State of Wisconsin Investment Board now owns 5,068,412 shares of the chip maker’s stock worth $171,008,000 after acquiring an additional 493,129 shares during the period. Finally, WASHINGTON TRUST Co grew its holdings in Intel Corporation by 54.8% during the 2nd quarter. WASHINGTON TRUST Co now owns 56,870 shares of the chip maker’s stock worth $1,919,000 after acquiring an additional 20,133 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.
In related news, insider Stacy J. Smith sold 472,337 shares of Intel Corporation stock in a transaction on Monday, October 30th. The shares were sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the completion of the transaction, the insider now owns 265,298 shares of the company’s stock, valued at $11,734,130.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian M. Krzanich sold 61,860 shares of Intel Corporation stock in a transaction on 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 directly owns 543,948 shares of the company’s stock, valued at approximately $21,072,545.52. The disclosure for this sale can be found here. Insiders have sold 659,036 shares of company stock valued at $28,872,880 in the last three months. 0.08% of the stock is owned by insiders.
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Intel Corporation (NASDAQ:INTC) opened at $45.58 on Friday. The stock has a market cap of $213,314.41, a price-to-earnings ratio of 14.33, a PEG ratio of 1.67 and a beta of 1.09. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $47.30. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60.
Intel Corporation (NASDAQ:INTC) last announced its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $15.73 billion. During the same quarter last year, the firm earned $0.80 earnings per share. Intel Corporation’s quarterly revenue was up 2.4% on a year-over-year basis. sell-side analysts forecast that Intel Corporation will post 3.25 EPS for the current fiscal year.
The company 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 dividend of $0.2725 per share. 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 dividend payout ratio is presently 38.11%.
A number of analysts have commented on INTC shares. Zacks Investment Research lowered shares of Intel Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 17th. ValuEngine lowered 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. BidaskClub raised shares of Intel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $34.00 target price on shares of Intel Corporation in a report on Sunday, July 30th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. Intel Corporation has an average rating of “Buy” and a consensus target price of $43.00.
Intel Corporation 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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