John G Ullman & Associates Inc. Has $11.44 Million Holdings in Intel Corporation (INTC)
John G Ullman & Associates Inc. decreased its position in Intel Corporation (NASDAQ:INTC) by 1.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 338,953 shares of the chip maker’s stock after selling 5,288 shares during the period. Intel Corporation comprises 2.3% of John G Ullman & Associates Inc.’s investment portfolio, making the stock its 10th biggest position. John G Ullman & Associates Inc. owned approximately 0.08% of Intel Corporation worth $11,436,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Watermark Asset Management Inc. acquired a new stake in shares of Intel Corporation in the first quarter valued at about $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position 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 purchasing an additional 1,400 shares during the period. Orrstown Financial Services Inc. grew its position in shares of Intel Corporation by 23.0% in the second quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock valued at $155,000 after purchasing an additional 857 shares during the period. Vigilant Capital Management LLC grew its position 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 purchasing an additional 805 shares during the period. Finally, Farmers National Bank grew its position 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 purchasing an additional 234 shares during the period. 67.02% of the stock is owned by institutional investors.
Several analysts have recently issued reports on INTC shares. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Intel Corporation in a research report on Friday, June 16th. BidaskClub lowered shares of Intel Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Bank of America Corporation lowered shares of Intel Corporation from a “buy” rating to a “neutral” rating and dropped their target price for the company from $42.00 to $38.00 in a research report on Wednesday, June 21st. Wells Fargo & Company reiterated an “outperform” rating on shares of Intel Corporation in a research report on Tuesday, June 27th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $38.00 target price on shares of Intel Corporation in a research report on Tuesday, July 4th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Intel Corporation has a consensus rating of “Hold” and a consensus target price of $40.75.
Intel Corporation (NASDAQ:INTC) opened at 39.30 on Thursday. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $39.95. The firm’s 50-day moving average is $36.89 and its 200-day moving average is $35.88. The stock has a market cap of $184.67 billion, a P/E ratio of 15.00 and a beta of 1.07.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $14.39 billion. During the same quarter in the previous year, the company posted $0.59 earnings per share. The company’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 company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be issued a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio (DPR) is 41.76%.
In related news, CEO Brian M. Krzanich sold 61,860 shares of Intel Corporation stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the sale, the chief executive officer now directly owns 543,948 shares in the company, valued at $21,072,545.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Diane M. Bryant sold 1,639 shares of Intel Corporation stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $34.65, for a total transaction of $56,791.35. Following the sale, the executive vice president now owns 114,542 shares in the company, valued at $3,968,880.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 81,608 shares of company stock valued at $3,095,110. Corporate insiders own 0.08% of the company’s stock.
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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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