Alpine Woods Capital Investors LLC continued to hold its stake in shares of Intel Corporation (NASDAQ:INTC) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 495,184 shares of the chip maker’s stock at the end of the second quarter. Intel Corporation accounts for 0.9% of Alpine Woods Capital Investors LLC’s holdings, making the stock its 27th biggest position. Alpine Woods Capital Investors LLC’s holdings in Intel Corporation were worth $16,708,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. United Asset Strategies Inc. lifted its position in Intel Corporation by 4.5% in the second quarter. United Asset Strategies Inc. now owns 37,211 shares of the chip maker’s stock worth $1,255,000 after purchasing an additional 1,616 shares during the period. Bingham Osborn & Scarborough LLC lifted its position in Intel Corporation by 1.3% in the second quarter. Bingham Osborn & Scarborough LLC now owns 12,323 shares of the chip maker’s stock worth $416,000 after purchasing an additional 155 shares during the period. Signature Financial Management Inc. lifted its position in Intel Corporation by 16.9% in the second quarter. Signature Financial Management Inc. now owns 17,084 shares of the chip maker’s stock worth $576,000 after purchasing an additional 2,472 shares during the period. Westchester Capital Management Inc. lifted its position in Intel Corporation by 2.1% in the second quarter. Westchester Capital Management Inc. now owns 260,448 shares of the chip maker’s stock worth $8,788,000 after purchasing an additional 5,480 shares during the period. Finally, LaFleur & Godfrey LLC lifted its position in Intel Corporation by 15.6% in the second quarter. LaFleur & Godfrey LLC now owns 452,149 shares of the chip maker’s stock worth $15,256,000 after purchasing an additional 61,064 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Alpine Woods Capital Investors LLC Has $16,708,000 Position in Intel Corporation (INTC)” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/11/08/alpine-woods-capital-investors-llc-has-16708000-position-in-intel-corporation-intc.html.

Several brokerages recently commented on INTC. Jefferies Group LLC reaffirmed an “underperform” rating and issued 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 stock a “sell” rating in a research report on Tuesday, August 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $40.00 target price (up from $37.00) on shares of Intel Corporation in a research report on Friday, October 6th. KeyCorp reaffirmed a “buy” rating and issued a $50.00 target price on shares of Intel Corporation in a research report on Friday, October 27th. Finally, Hilliard Lyons began coverage on Intel Corporation in a research report on Wednesday, July 12th. They issued a “buy” rating and a $41.00 target price for the company. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $43.00.

In other Intel Corporation news, insider Stacy J. Smith sold 472,337 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $44.23, for a total value of $20,891,465.51. Following the transaction, the insider now directly owns 265,298 shares of the company’s stock, valued at approximately $11,734,130.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David B. Yoffie sold 30,000 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $44.93, for a total value of $1,347,900.00. Following the completion of the transaction, the director now directly owns 50,005 shares in the company, valued at $2,246,724.65. The disclosure for this sale can be found here. Insiders have sold a total of 657,612 shares of company stock worth $28,806,336 over the last three months. 0.08% of the stock is owned by insiders.

Shares of Intel Corporation (INTC) opened at $46.78 on Wednesday. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $47.30. The stock has a market capitalization of $218,556.00, a P/E ratio of 14.69, a PEG ratio of 1.71 and a beta of 1.09. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60.

Intel Corporation (NASDAQ:INTC) last posted its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. The business had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. Intel Corporation had a return on equity of 22.65% and a net margin of 22.31%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 EPS. research analysts forecast that Intel Corporation will post 3.25 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be issued a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Monday, November 6th. Intel Corporation’s payout ratio is presently 38.11%.

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).

Institutional Ownership by Quarter for Intel Corporation (NASDAQ:INTC)

Receive News & Stock Ratings for Intel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel Corporation and related stocks with our FREE daily email newsletter.