Intel Corporation (INTC) Shares Bought by CAPROCK Group Inc.
CAPROCK Group Inc. lifted its position in Intel Corporation (NASDAQ:INTC) by 9.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,653 shares of the chip maker’s stock after acquiring an additional 3,581 shares during the quarter. CAPROCK Group Inc.’s holdings in Intel Corporation were worth $1,439,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of INTC. Watermark Asset Management Inc. purchased a new stake in shares of Intel Corporation in the 1st quarter valued at approximately $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in shares of Intel Corporation by 53.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock valued at $146,000 after acquiring an additional 1,400 shares in the last quarter. Orrstown Financial Services Inc. lifted its position in shares of Intel Corporation by 23.0% in the 2nd quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock valued at $155,000 after acquiring an additional 857 shares in the last quarter. Winfield Associates Inc. lifted its position in shares of Intel Corporation by 6.0% in the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after acquiring an additional 265 shares in the last quarter. Finally, Vigilant Capital Management LLC lifted its position in shares of Intel Corporation by 22.6% in the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after acquiring an additional 805 shares in the last quarter. Institutional investors and hedge funds own 67.02% of the company’s stock.
INTC has been the subject of a number of research analyst reports. Bank of America Corporation downgraded shares of Intel Corporation from a “buy” rating to a “neutral” rating and cut their target price for the stock 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. BidaskClub downgraded shares of Intel Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. 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. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $35.00 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 assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $40.91.
In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction that occurred 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 owns 1,536 shares of the company’s stock, valued at approximately $55,910.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Diane M. Bryant sold 1,639 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $34.65, for a total transaction of $56,791.35. Following the sale, the executive vice president now directly owns 114,542 shares of the company’s stock, valued at approximately $3,968,880.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 81,608 shares of company stock valued at $3,095,110. Insiders own 0.08% of the company’s stock.
Intel Corporation (NASDAQ INTC) opened at 39.79 on Wednesday. The company has a market cap of $186.97 billion, a price-to-earnings ratio of 15.19 and a beta of 1.07. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $39.95. The firm has a 50-day moving average of $37.23 and a 200-day moving average of $35.94.
Intel Corporation (NASDAQ:INTC) last announced 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 company had revenue of $14.76 billion during 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 quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 EPS. Equities analysts forecast that Intel Corporation will post $3.01 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be given a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio (DPR) is 41.76%.
Intel Corporation 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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