SOL Capital Management CO trimmed its position in Intel Corporation (NASDAQ:INTC) by 2.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 59,242 shares of the chip maker’s stock after selling 1,550 shares during the period. SOL Capital Management CO’s holdings in Intel Corporation were worth $1,999,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in INTC. Oxbow Advisors LLC raised its position in shares of Intel Corporation by 34.7% in the 2nd quarter. Oxbow Advisors LLC now owns 21,722 shares of the chip maker’s stock worth $733,000 after acquiring an additional 5,591 shares in the last quarter. Rosenbaum Jay D. raised its position in shares of Intel Corporation by 1.6% in the 2nd quarter. Rosenbaum Jay D. now owns 68,002 shares of the chip maker’s stock worth $2,294,000 after acquiring an additional 1,075 shares in the last quarter. Duncker Streett & Co. Inc. grew its stake in shares of Intel Corporation by 1.7% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 31,288 shares of the chip maker’s stock valued at $1,056,000 after buying an additional 524 shares during the period. Bridges Investment Counsel Inc. grew its stake in shares of Intel Corporation by 145.6% in the 2nd quarter. Bridges Investment Counsel Inc. now owns 30,655 shares of the chip maker’s stock valued at $1,034,000 after buying an additional 18,175 shares during the period. Finally, Bridges Investment Management Inc. grew its stake in shares of Intel Corporation by 22.5% in the 2nd quarter. Bridges Investment Management Inc. now owns 17,846 shares of the chip maker’s stock valued at $602,000 after buying an additional 3,275 shares during the period. 67.09% of the stock is owned by institutional investors and hedge funds.
Shares of Intel Corporation (NASDAQ INTC) traded up 1.15% during trading on Friday, hitting $36.90. 21,299,582 shares of the company’s stock were exchanged. The company has a 50-day moving average of $35.59 and a 200-day moving average of $35.52. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $38.45. The company has a market cap of $173.39 billion, a P/E ratio of 14.08 and a beta of 1.02.
Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. Intel Corporation’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm posted $0.59 EPS. On average, equities analysts expect that Intel Corporation will post $3.01 earnings per share for the current fiscal year.
The business also recently announced 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 2.99%. Intel Corporation’s payout ratio is currently 41.76%.
A number of research firms have issued reports on INTC. Jefferies Group LLC set a $38.00 target price on Intel Corporation and gave the stock a “hold” rating in a research note on Saturday, June 3rd. B. Riley reaffirmed a “buy” rating and issued a $46.00 price target on shares of Intel Corporation in a report on Friday, July 28th. Zacks Investment Research raised shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Thursday. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of Intel Corporation in a report on Thursday. Finally, Vetr raised shares of Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $40.45 price target on the stock in a report on Monday, June 12th. Six equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $40.60.
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In related news, CEO Brian M. Krzanich sold 72,173 shares of the business’s stock in a transaction dated 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 directly owns 534,746 shares in the company, valued at approximately $18,015,592.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Diane M. Bryant sold 1,639 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $34.65, for a total transaction of $56,791.35. Following the completion of 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. Insiders have sold a total of 91,921 shares of company stock worth $3,130,162 over the last 90 days. 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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