Marketfield Asset Management LLC Has $5.95 Million Holdings in Intel Corporation (INTC)
Marketfield Asset Management LLC lowered its position in shares of Intel Corporation (NASDAQ:INTC) by 15.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 164,904 shares of the chip maker’s stock after selling 29,612 shares during the quarter. Marketfield Asset Management LLC’s holdings in Intel Corporation were worth $5,948,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Orrstown Financial Services Inc. lifted its holdings in shares of Intel Corporation by 96.6% in the first quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock worth $134,000 after buying an additional 1,830 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in shares of Intel Corporation by 53.0% in the first 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 in the last quarter. Vigilant Capital Management LLC lifted its holdings in shares of Intel Corporation by 22.6% in the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after buying an additional 805 shares in the last quarter. ARP Americas LLC purchased a new position in shares of Intel Corporation in the first quarter worth $202,000. Finally, Vision Capital Management Inc. purchased a new position in shares of Intel Corporation in the first quarter worth $202,000. 67.09% of the stock is currently owned by institutional investors and hedge funds.
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In related news, CEO Brian M. Krzanich sold 72,173 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the transaction, the chief executive officer now directly owns 534,746 shares in the company, valued at $18,015,592.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $36.40, for a total value of $51,833.60. Following the transaction, the insider now owns 1,536 shares in the company, valued at $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 over the last quarter. 0.08% of the stock is currently owned by company insiders.
Shares of Intel Corporation (NASDAQ INTC) traded up 2.16% on Monday, hitting $35.95. The stock had a trading volume of 6,101,435 shares. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $38.45. The stock has a market cap of $168.93 billion, a P/E ratio of 13.72 and a beta of 1.02. The firm has a 50 day moving average of $35.43 and a 200 day moving average of $35.51.
Intel Corporation (NASDAQ:INTC) last released its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The firm had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $14.39 billion. During the same period in the prior year, the business posted $0.59 earnings per share. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities analysts forecast that Intel Corporation will post $3.01 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 7th were given a dividend of $0.2725 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.09 annualized dividend and a yield of 3.10%. Intel Corporation’s dividend payout ratio (DPR) is presently 41.76%.
Several equities analysts have recently commented on INTC shares. Vetr raised shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $37.01 target price on the stock in a report on Monday, May 15th. Macquarie reissued an “outperform” rating and issued a $40.00 target price on shares of Intel Corporation in a report on Monday, May 15th. Zacks Investment Research raised shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, May 16th. Canaccord Genuity reissued a “hold” rating on shares of Intel Corporation in a report on Saturday, June 3rd. Finally, Jefferies Group LLC set a $38.00 target price on shares of Intel Corporation and gave the stock a “hold” rating in a report on Saturday, June 3rd. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $40.55.
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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