Athena Capital Advisors LLC reduced its stake in shares of Intel Corp. (NASDAQ:INTC) by 20.6% during the second quarter, Holdings Channel reports. The institutional investor owned 38,764 shares of the chip maker’s stock after selling 10,051 shares during the period. Athena Capital Advisors LLC’s holdings in Intel Corp. were worth $1,271,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of the stock. Carnick & Kubik LLC acquired a new stake in Intel Corp. during the first quarter valued at approximately $100,000. Parasol Investment Management LLC raised its position in Intel Corp. by 34.3% in the second quarter. Parasol Investment Management LLC now owns 3,990 shares of the chip maker’s stock valued at $131,000 after buying an additional 1,020 shares during the period. American National Bank raised its position in Intel Corp. by 103.2% in the second quarter. American National Bank now owns 4,459 shares of the chip maker’s stock valued at $146,000 after buying an additional 2,265 shares during the period. D. Scott Neal Inc. raised its position 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. Finally, CapWealth Advisors LLC raised its position in Intel Corp. by 43.9% in the first quarter. CapWealth Advisors LLC now owns 5,493 shares of the chip maker’s stock valued at $178,000 after buying an additional 1,676 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.
Intel Corp. (NASDAQ:INTC) traded up 1.23% on Tuesday, hitting $37.75. The stock had a trading volume of 42,907,753 shares. The stock has a 50-day moving average of $36.98 and a 200-day moving average of $33.74. Intel Corp. has a one year low of $27.68 and a one year high of $38.36. The company has a market cap of $178.60 billion, a PE ratio of 18.31 and a beta of 1.09.
Intel Corp. (NASDAQ:INTC) last released its quarterly earnings results on Tuesday, October 18th. The chip maker reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.08. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The company earned $15.78 billion during the quarter, compared to analysts’ expectations of $15.58 billion. During the same quarter in the prior year, the business posted $0.64 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts expect that Intel Corp. will post $2.58 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.04 annualized dividend and a dividend yield of 2.75%. Intel Corp.’s payout ratio is 50.24%.
INTC has been the subject of several recent analyst reports. Sanford C. Bernstein reiterated an “underperform” rating and set a $26.00 price objective on shares of Intel Corp. in a research note on Monday, June 20th. Zacks Investment Research upgraded shares of Intel Corp. from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Tuesday, June 21st. Vetr lowered shares of Intel Corp. from a “buy” rating to a “hold” rating and set a $32.02 price objective for the company. in a research note on Wednesday, June 22nd. Argus reiterated a “buy” rating and set a $41.00 price objective on shares of Intel Corp. in a research note on Wednesday, June 29th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $35.00 price objective (up previously from $31.00) on shares of Intel Corp. in a research note on Thursday, June 30th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirty-three have given a buy rating to the stock. Intel Corp. currently has an average rating of “Buy” and a consensus target price of $40.00.
In other news, Chairman Andy D. Bryant sold 445,095 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $34.69, for a total value of $15,440,345.55. Following the completion of the transaction, the chairman now owns 399,557 shares of the company’s stock, valued at $13,860,632.33. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian M. Krzanich sold 67,508 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $37.71, for a total value of $2,545,726.68. Following the completion of the transaction, the chief executive officer now directly owns 420,506 shares of the company’s stock, valued at approximately $15,857,281.26. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.
Intel Corp. Company Profile
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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