Investment Partners Ltd. OH ADV Decreases Holdings in Intel Corporation (INTC)
Investment Partners Ltd. OH ADV reduced its stake in Intel Corporation (NASDAQ:INTC) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,364 shares of the chip maker’s stock after selling 118 shares during the period. Investment Partners Ltd. OH ADV’s holdings in Intel Corporation were worth $653,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Watermark Asset Management Inc. bought a new stake in Intel Corporation during the first quarter worth about $113,000. 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 acquiring an additional 1,830 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake 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 valued at $146,000 after buying an additional 1,400 shares during the period. Vigilant Capital Management LLC increased its stake 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 valued at $158,000 after buying an additional 805 shares during the period. Finally, Farmers National Bank increased its stake in shares of Intel Corporation by 5.1% in the first quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock valued at $183,000 after buying an additional 234 shares during the period. Hedge funds and other institutional investors own 67.09% of the company’s stock.
Shares of Intel Corporation (NASDAQ:INTC) traded up 1.440% on Tuesday, reaching $36.285. The company had a trading volume of 8,145,989 shares. The firm has a 50-day moving average price of $35.43 and a 200 day moving average price of $35.51. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $38.45. The firm has a market capitalization of $170.50 billion, a price-to-earnings ratio of 13.849 and a beta of 1.02.
Intel Corporation (NASDAQ:INTC) last released its earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The firm had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. Intel Corporation’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 EPS. Equities research analysts predict that Intel Corporation will post $3.01 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 7th were paid a dividend of $0.2725 per share. The ex-dividend date was Thursday, August 3rd. This represents a $1.09 annualized dividend and a dividend yield of 3.05%. Intel Corporation’s dividend payout ratio is presently 41.76%.
In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $55,910.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian M. Krzanich sold 72,173 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the sale, the chief executive officer now directly owns 534,746 shares of the company’s stock, valued at $18,015,592.74. The disclosure for this sale can be found here. Insiders have sold a total of 91,921 shares of company stock valued at $3,130,162 over the last three months. Corporate insiders own 0.08% of the company’s stock.
A number of analysts have weighed in on the stock. Jefferies Group LLC set a $38.00 target price on shares of Intel Corporation and gave the company a “hold” rating in a research report on Saturday, June 3rd. B. Riley reaffirmed a “buy” rating and set a $46.00 price objective on shares of Intel Corporation in a research report on Friday, July 28th. Bank of America Corporation downgraded shares of Intel Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $42.00 to $38.00 in a research report on Wednesday, June 21st. Vetr raised shares of Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $40.45 price objective for the company in a research report on Monday, June 12th. Finally, Summit Redstone reaffirmed a “hold” rating on shares of Intel Corporation in a research report on Saturday, July 22nd. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $40.55.
Intel Corporation Company 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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