Sadoff Investment Management LLC Buys 1,170 Shares of Intel Corporation (INTC)
Sadoff Investment Management LLC grew its stake in shares of Intel Corporation (NASDAQ:INTC) by 14.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 9,423 shares of the chip maker’s stock after purchasing an additional 1,170 shares during the period. Sadoff Investment Management LLC’s holdings in Intel Corporation were worth $318,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. Murphy Capital Management Inc. increased its holdings in Intel Corporation by 18.4% during the 2nd quarter. Murphy Capital Management Inc. now owns 31,721 shares of the chip maker’s stock worth $1,070,000 after purchasing an additional 4,928 shares in the last quarter. Sigma Planning Corp increased its holdings in Intel Corporation by 0.5% during the 1st quarter. Sigma Planning Corp now owns 64,672 shares of the chip maker’s stock worth $2,333,000 after purchasing an additional 335 shares in the last quarter. Pillar Pacific Capital Management LLC increased its holdings in Intel Corporation by 0.4% during the 1st quarter. Pillar Pacific Capital Management LLC now owns 235,734 shares of the chip maker’s stock worth $8,503,000 after purchasing an additional 930 shares in the last quarter. Stockman Wealth Management Inc. increased its holdings in Intel Corporation by 2.3% during the 1st quarter. Stockman Wealth Management Inc. now owns 128,104 shares of the chip maker’s stock worth $4,621,000 after purchasing an additional 2,903 shares in the last quarter. Finally, GFS Advisors LLC increased its holdings in Intel Corporation by 9.2% during the 1st quarter. GFS Advisors LLC now owns 114,035 shares of the chip maker’s stock worth $4,114,000 after purchasing an additional 9,635 shares in the last quarter. 67.09% of the stock is owned by hedge funds and other institutional investors.
In other Intel Corporation news, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $36.40, for a total value of $51,833.60. Following the transaction, the insider now directly owns 1,536 shares in the company, valued at approximately $55,910.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian M. Krzanich sold 72,173 shares of the company’s 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 completion of the transaction, the chief executive officer now owns 534,746 shares in the company, 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 worth $3,130,162 over the last 90 days. Insiders own 0.08% of the company’s stock.
Shares of Intel Corporation (NASDAQ:INTC) traded up 1.43% during mid-day trading on Friday, reaching $37.00. 33,596,072 shares of the company’s stock traded hands. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $38.45. The firm has a market capitalization of $173.86 billion, a price-to-earnings ratio of 14.12 and a beta of 1.02. The stock has a 50-day moving average price of $35.64 and a 200 day moving average price of $35.52.
Intel Corporation (NASDAQ:INTC) last issued its earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. The business had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 EPS. Analysts anticipate that Intel Corporation will post $3.01 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be paid a $0.2725 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a yield of 2.95%. Intel Corporation’s dividend payout ratio is currently 41.76%.
INTC has been the subject of a number of recent research reports. Vetr lowered Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $39.43 price objective for the company. in a report on Monday, May 22nd. Canaccord Genuity reissued a “hold” rating on shares of Intel Corporation in a report on Saturday, June 3rd. Jefferies Group LLC set a $38.00 price objective on Intel Corporation and gave the stock a “hold” rating in a report on Saturday, June 3rd. Zacks Investment Research lowered Intel Corporation from a “buy” rating to a “hold” rating in a report on Monday, June 5th. Finally, Raymond James Financial, Inc. reissued an “underperform” rating on shares of Intel Corporation in a report on Friday, June 16th. Six research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. Intel Corporation has an average rating of “Hold” and a consensus price target of $40.60.
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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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