Cpcm LLC Has $5.13 Million Position in Intel Corporation (INTC)
Cpcm LLC reduced its position in shares of Intel Corporation (NASDAQ:INTC) by 0.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 142,214 shares of the chip maker’s stock after selling 1,224 shares during the period. Intel Corporation makes up 1.2% of Cpcm LLC’s investment portfolio, making the stock its 18th largest position. Cpcm LLC’s holdings in Intel Corporation were worth $5,130,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of INTC. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Intel Corporation during the fourth quarter worth about $5,565,000. Kentucky Retirement Systems bought a new stake in Intel Corporation during the fourth quarter worth about $12,473,000. Pegasus Partners Ltd. raised its stake in Intel Corporation by 2.7% in the fourth quarter. Pegasus Partners Ltd. now owns 97,889 shares of the chip maker’s stock worth $3,550,000 after buying an additional 2,589 shares during the period. Auxier Asset Management raised its stake in Intel Corporation by 1.2% in the fourth quarter. Auxier Asset Management now owns 44,165 shares of the chip maker’s stock worth $1,602,000 after buying an additional 514 shares during the period. Finally, Whalerock Point Partners LLC raised its stake in Intel Corporation by 0.5% in the fourth quarter. Whalerock Point Partners LLC now owns 21,522 shares of the chip maker’s stock worth $780,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.
Intel Corporation (NASDAQ INTC) traded down 0.45% during mid-day trading on Friday, reaching $35.01. 16,231,408 shares of the company’s stock traded hands. The company has a market capitalization of $164.51 billion, a price-to-earnings ratio of 13.36 and a beta of 1.01. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $38.45. The company has a 50-day moving average of $35.09 and a 200-day moving average of $35.65.
Intel Corporation (NASDAQ:INTC) last released its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.04. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The business had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. During the same quarter in the previous year, the business earned $0.59 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. Equities research analysts expect that Intel Corporation will post $3.01 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be issued a dividend of $0.2725 per share. The ex-dividend date is Thursday, August 3rd. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.11%. Intel Corporation’s dividend payout ratio is currently 41.76%.
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A number of equities research analysts have recently issued reports on the company. B. Riley restated a “buy” rating and issued a $44.00 price target on shares of Intel Corporation in a research report on Friday, April 28th. Jefferies Group LLC cut Intel Corporation to a “hold” rating and upped their price objective for the company from $36.00 to $38.00 in a report on Friday, April 28th. Sanford C. Bernstein reiterated a “sell” rating and issued a $30.00 price objective on shares of Intel Corporation in a report on Tuesday, May 2nd. Vetr cut Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.97 price objective on the stock. in a report on Wednesday, August 2nd. Finally, BidaskClub upgraded Intel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.55.
In other Intel Corporation news, insider Venkata S. M. Renduchintala sold 13,996 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $35.47, for a total value of $496,438.12. Following the transaction, the insider now owns 1,536 shares in the company, valued at approximately $54,481.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $36.40, for a total transaction of $51,833.60. Following the completion of the transaction, the insider now owns 1,536 shares in the company, valued at approximately $55,910.40. The disclosure for this sale can be found here. Insiders have sold 91,921 shares of company stock worth $3,130,162 in the last 90 days. 0.09% of the stock is owned by company 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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