Van Strum & Towne Inc. held its stake in Intel Corporation (NASDAQ:INTC) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,030 shares of the chip maker’s stock at the close of the first quarter. Van Strum & Towne Inc.’s holdings in Intel Corporation were worth $506,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in INTC. Orrstown Financial Services Inc. increased its position in shares of Intel Corporation by 96.6% during the first quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock worth $134,000 after acquiring an additional 1,830 shares during the period. Vigilant Capital Management LLC increased its position in shares of Intel Corporation by 22.6% during the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after acquiring an additional 805 shares during the period. ARP Americas LLC purchased a new position in shares of Intel Corporation during the first quarter worth approximately $202,000. Baystate Wealth Management LLC increased its position in shares of Intel Corporation by 101.2% during the first quarter. Baystate Wealth Management LLC now owns 5,737 shares of the chip maker’s stock worth $204,000 after acquiring an additional 2,885 shares during the period. Finally, Cordasco Financial Network increased its position in shares of Intel Corporation by 0.7% during the first quarter. Cordasco Financial Network now owns 5,699 shares of the chip maker’s stock worth $206,000 after acquiring an additional 38 shares during the period. 67.09% of the stock is owned by institutional investors and hedge funds.
In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction on Monday, August 7th. The stock was 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 directly owns 1,536 shares in the company, valued at approximately $55,910.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian M. Krzanich sold 72,173 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $33.69, for a total value of $2,431,508.37. Following the sale, the chief executive officer now owns 534,746 shares of the company’s stock, valued at $18,015,592.74. The disclosure for this sale can be found here. Insiders have sold a total of 91,921 shares of company stock worth $3,130,162 over the last three months. 0.08% of the stock is owned by insiders.
INTC has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Intel Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Credit Suisse Group restated an “outperform” rating on shares of Intel Corporation in a research report on Thursday, August 31st. Needham & Company LLC restated a “buy” rating and set a $43.00 target price on shares of Intel Corporation in a research report on Wednesday, July 12th. BidaskClub downgraded shares of Intel Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Wells Fargo & Company restated an “outperform” rating on shares of Intel Corporation in a research report on Wednesday, August 23rd. Six equities 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 given a strong buy rating to the stock. Intel Corporation has a consensus rating of “Hold” and an average target price of $40.60.
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Shares of Intel Corporation (INTC) traded up 1.43% on Friday, reaching $37.00. 33,596,072 shares of the company’s stock were exchanged. The company has a market capitalization of $173.86 billion, a P/E ratio of 14.12 and a beta of 1.02. The firm’s 50 day moving average price is $35.64 and its 200-day moving average price is $35.52. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $38.45.
Intel Corporation (NASDAQ:INTC) last announced its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.04. The business had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. Intel Corporation’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 EPS. On average, equities analysts anticipate that Intel Corporation will post $3.01 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders 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 2.95%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio (DPR) is 41.76%.
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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