America First Investment Advisors LLC lowered its stake in shares of Intel Corp. (NASDAQ:INTC) by 23.2% during the second quarter, Holdings Channel reports. The fund owned 3,380 shares of the chip maker’s stock after selling 1,022 shares during the period. America First Investment Advisors LLC’s holdings in Intel Corp. were worth $111,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of INTC. D. Scott Neal Inc. boosted its stake in Intel Corp. by 0.7% in the second quarter. D. Scott Neal Inc. now owns 4,969 shares of the chip maker’s stock valued at $163,000 after buying an additional 35 shares during the period. Accredited Investors Inc. boosted its stake in Intel Corp. by 0.4% in the first quarter. Accredited Investors Inc. now owns 20,443 shares of the chip maker’s stock valued at $661,000 after buying an additional 73 shares during the period. Fruth Investment Management boosted its stake in Intel Corp. by 0.6% in the second quarter. Fruth Investment Management now owns 13,489 shares of the chip maker’s stock valued at $442,000 after buying an additional 75 shares during the period. Investors Asset Management of Georgia Inc. GA ADV boosted its stake in Intel Corp. by 0.4% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 25,885 shares of the chip maker’s stock valued at $849,000 after buying an additional 100 shares during the period. Finally, Carroll Financial Associates Inc. boosted its stake in Intel Corp. by 0.4% in the second quarter. Carroll Financial Associates Inc. now owns 24,046 shares of the chip maker’s stock valued at $788,000 after buying an additional 102 shares during the period. Institutional investors own 64.77% of the company’s stock.
Intel Corp. (NASDAQ:INTC) traded up 1.30% on Friday, reaching $37.45. 19,123,944 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $36.86 and its 200 day moving average is $33.65. Intel Corp. has a 1-year low of $27.68 and a 1-year high of $38.36. The stock has a market capitalization of $177.18 billion, a P/E ratio of 18.16 and a beta of 1.09.
Intel Corp. (NASDAQ:INTC) last posted its earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. The company had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.54 billion. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business posted $0.55 earnings per share. Analysts expect that Intel Corp. will post $2.58 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Thursday, November 3rd. Intel Corp.’s payout ratio is 50.24%.
Several equities research analysts have issued reports on the stock. Citigroup Inc. reissued a “neutral” rating and issued a $35.00 price objective (up from $31.00) on shares of Intel Corp. in a research report on Thursday, June 30th. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Intel Corp. in a research report on Thursday, July 21st. BNP Paribas set a $37.00 price objective on shares of Intel Corp. and gave the company a “neutral” rating in a research report on Friday, July 22nd. Argus reissued a “buy” rating and issued a $41.00 price objective on shares of Intel Corp. in a research report on Monday, July 25th. Finally, Vetr cut shares of Intel Corp. from a “strong-buy” rating to a “buy” rating and set a $41.20 price target for the company. in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-two have given a buy rating to the company. Intel Corp. presently has an average rating of “Buy” and a consensus target price of $39.73.
In other news, CEO Brian M. Krzanich sold 67,508 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $37.71, for a total transaction of $2,545,726.68. Following the transaction, the chief executive officer now directly owns 420,506 shares of the company’s stock, valued at $15,857,281.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Gregory R. Pearson sold 250,192 shares of the firm’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $36.50, for a total value of $9,132,008.00. Following the transaction, the vice president now directly owns 92,826 shares in the company, valued at $3,388,149. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.
About Intel Corp.
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.
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