Ironwood Investment Management LLC Holds Position in Intel Corporation (INTC)
Ironwood Investment Management LLC held its position in Intel Corporation (NASDAQ:INTC) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,883 shares of the chip maker’s stock at the close of the first quarter. Ironwood Investment Management LLC’s holdings in Intel Corporation were worth $573,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Summit Asset Management LLC increased its holdings in shares of Intel Corporation by 0.7% during the 1st quarter. Summit Asset Management LLC now owns 6,281 shares of the chip maker’s stock worth $227,000 after acquiring an additional 46 shares during the last quarter. First Hawaiian Bank boosted its stake in Intel Corporation by 0.9% in the 1st quarter. First Hawaiian Bank now owns 5,769 shares of the chip maker’s stock valued at $208,000 after purchasing an additional 50 shares during the period. First Command Financial Services Inc. boosted its stake in Intel Corporation by 0.4% in the 1st quarter. First Command Financial Services Inc. now owns 12,607 shares of the chip maker’s stock valued at $455,000 after purchasing an additional 51 shares during the period. Hudock Capital Group LLC boosted its stake in Intel Corporation by 0.4% in the 1st quarter. Hudock Capital Group LLC now owns 12,570 shares of the chip maker’s stock valued at $453,000 after purchasing an additional 53 shares during the period. Finally, Lederer & Associates Investment Counsel CA boosted its stake in Intel Corporation by 0.9% in the 1st quarter. Lederer & Associates Investment Counsel CA now owns 9,345 shares of the chip maker’s stock valued at $337,000 after purchasing an additional 80 shares during the period. 67.09% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on the company. Jefferies Group LLC reiterated an “underperform” rating and set a $30.00 target price (up from $29.00) on shares of Intel Corporation in a research report on Friday, July 28th. They noted that the move was a valuation call. Sanford C. Bernstein set a $30.00 target price on Intel Corporation and gave the company a “sell” rating in a research report on Tuesday, August 15th. Hilliard Lyons assumed coverage on Intel Corporation in a research report on Wednesday, July 12th. They set a “buy” rating and a $41.00 target price for the company. Canaccord Genuity reiterated a “hold” rating on shares of Intel Corporation in a research report on Saturday, June 3rd. Finally, Northland Securities set a $40.00 target price on Intel Corporation and gave the company a “hold” rating in a research report on Friday, July 28th. Six equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $40.55.
In other news, EVP Diane M. Bryant sold 1,639 shares of the company’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $34.65, for a total value of $56,791.35. Following the completion of the sale, the executive vice president now directly owns 114,542 shares in the company, valued at approximately $3,968,880.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian M. Krzanich sold 72,173 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $33.69, for a total value of $2,431,508.37. Following the completion of the sale, the chief executive officer now 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 sold a total of 91,921 shares of company stock valued at $3,130,162 over the last 90 days. 0.08% of the stock is currently owned by company insiders.
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Intel Corporation (NASDAQ INTC) traded up 1.216% during trading on Tuesday, hitting $36.205. The stock had a trading volume of 7,502,951 shares. The company has a 50-day moving average price of $35.43 and a 200-day moving average price of $35.51. The company has a market cap of $170.13 billion, a price-to-earnings ratio of 13.819 and a beta of 1.02. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $38.45.
Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, topping the consensus estimate of $0.68 by $0.04. The firm had revenue of $14.76 billion during the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. Intel Corporation’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 EPS. Equities research analysts forecast that Intel Corporation will post $3.01 EPS 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 $0.2725 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.09 annualized dividend and a dividend yield of 3.05%. Intel Corporation’s dividend payout ratio (DPR) is 41.76%.
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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