Sicart Associates LLC Cuts Holdings in Intel Corporation (INTC)

Sicart Associates LLC trimmed its stake in shares of Intel Corporation (NASDAQ:INTC) by 2.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,891 shares of the chip maker’s stock after selling 3,235 shares during the quarter. Intel makes up 3.5% of Sicart Associates LLC’s investment portfolio, making the stock its 6th largest position. Sicart Associates LLC’s holdings in Intel were worth $4,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Watermark Asset Management Inc. bought a new stake in shares of Intel in the 1st quarter worth approximately $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in shares of Intel by 53.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after buying an additional 1,400 shares during the last quarter. Orrstown Financial Services Inc. grew its position in shares of Intel by 23.0% in the 2nd quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock worth $155,000 after buying an additional 857 shares during the last quarter. Winfield Associates Inc. grew its position in shares of Intel by 6.0% in the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after buying an additional 265 shares during the last quarter. Finally, Vigilant Capital Management LLC lifted its stake in shares of Intel 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 purchasing an additional 805 shares during the period. Institutional investors and hedge funds own 67.69% of the company’s stock.

In other news, 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 value of $2,396,456.40. Following the transaction, the chief executive officer now directly owns 543,948 shares in the company, valued at $21,072,545.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $66,543.52. Following the completion of the transaction, the insider now owns 1,536 shares in the company, valued at $71,777.28. The disclosure for this sale can be found here. Insiders have sold 1,548,914 shares of company stock valued at $68,196,589 in the last three months. 0.08% of the stock is currently owned by corporate insiders.

INTC has been the subject of a number of research analyst reports. Credit Suisse Group restated an “outperform” rating on shares of Intel in a research note on Thursday, August 31st. Stifel Nicolaus raised their target price on Intel from $41.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Zacks Investment Research upgraded Intel from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Wednesday, September 6th. BidaskClub cut Intel from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Vetr upgraded Intel from a “buy” rating to a “strong-buy” rating and set a $44.36 target price for the company in a research note on Wednesday, October 11th. Five 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 issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $43.40.

Shares of Intel Corporation (NASDAQ INTC) traded down $0.19 on Monday, hitting $44.49. The company had a trading volume of 28,000,506 shares, compared to its average volume of 23,585,563. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. Intel Corporation has a one year low of $33.23 and a one year high of $47.30. The company has a market capitalization of $208,210.00, a price-to-earnings ratio of 14.05, a P/E/G ratio of 1.63 and a beta of 1.06.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.21. Intel had a return on equity of 22.65% and a net margin of 22.31%. The company had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. Intel’s revenue was up 2.4% compared to the same quarter last year. research analysts anticipate that Intel Corporation will post 3.25 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th were issued a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend was Monday, November 6th. Intel’s dividend payout ratio is presently 38.25%.

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About Intel

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).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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