Cobblestone Capital Advisors LLC NY Lowers Stake in Intel Corporation (INTC)
Cobblestone Capital Advisors LLC NY reduced its position in Intel Corporation (NASDAQ:INTC) by 1.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 22,848 shares of the chip maker’s stock after selling 325 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Intel Corporation were worth $771,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors 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 1st quarter valued at $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted 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 worth $146,000 after purchasing an additional 1,400 shares during the last quarter. Vigilant Capital Management LLC boosted 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 worth $158,000 after purchasing an additional 805 shares during the last quarter. Orrstown Financial Services Inc. boosted 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 worth $155,000 after purchasing an additional 857 shares during the last quarter. Finally, Winfield Associates Inc. boosted 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 worth $156,000 after purchasing an additional 265 shares during the last quarter. 66.90% of the stock is owned by institutional investors.
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INTC has been the topic of several recent research reports. Zacks Investment Research lowered Intel Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Canaccord Genuity raised their price target on Intel Corporation from $41.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, November 17th. ValuEngine lowered Intel Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Goldman Sachs Group, Inc. (The) restated a “hold” rating and issued a $39.00 price target on shares of Intel Corporation in a research report on Monday, July 31st. Finally, BidaskClub upgraded Intel Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $43.40.
Intel Corporation (INTC) opened at $44.94 on Wednesday. The stock has a market cap of $208,821.59, a price-to-earnings ratio of 14.03, a PEG ratio of 1.63 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 has a 1-year low of $33.23 and a 1-year high of $47.30.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.21. The company had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $15.73 billion. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.80 earnings per share. research analysts predict that Intel Corporation will post 3.25 EPS for the current fiscal year.
The business 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. The ex-dividend date is Monday, November 6th. This represents a $1.09 annualized dividend and a dividend yield of 2.43%. Intel Corporation’s dividend payout ratio (DPR) is presently 38.11%.
In related news, Chairman Andy D. Bryant sold 89,087 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $44.80, for a total value of $3,991,097.60. Following the completion of the sale, the chairman now directly owns 428,789 shares in the company, valued at $19,209,747.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 61,860 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $38.74, for a total value of $2,396,456.40. Following the completion of the sale, the chief executive officer now owns 543,948 shares of the company’s stock, valued at $21,072,545.52. The disclosure for this sale can be found here. Insiders have sold 659,036 shares of company stock valued at $28,872,880 over the last quarter. Company insiders own 0.08% of the company’s stock.
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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