Buffington Mohr McNeal decreased its position in Intel Corp. (NASDAQ:INTC) by 53.7% during the second quarter, Holdings Channel reports. The institutional investor owned 12,496 shares of the chip maker’s stock after selling 14,500 shares during the period. Buffington Mohr McNeal’s holdings in Intel Corp. were worth $410,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. R.H. Dinel Investment Counsel Inc. boosted its stake in Intel Corp. by 11.5% in the first quarter. R.H. Dinel Investment Counsel Inc. now owns 41,875 shares of the chip maker’s stock worth $1,355,000 after buying an additional 4,325 shares during the period. Atalanta Sosnoff Capital LLC acquired a new stake in Intel Corp. during the first quarter worth $24,571,000. Vista Capital Partners Inc. boosted its stake in Intel Corp. by 0.9% in the first quarter. Vista Capital Partners Inc. now owns 26,600 shares of the chip maker’s stock worth $861,000 after buying an additional 250 shares during the period. Webster Bank N. A. boosted its stake in Intel Corp. by 2.1% in the first quarter. Webster Bank N. A. now owns 61,530 shares of the chip maker’s stock worth $1,991,000 after buying an additional 1,293 shares during the period. Finally, Banced Corp boosted its stake in Intel Corp. by 5.6% in the first quarter. Banced Corp now owns 43,995 shares of the chip maker’s stock worth $1,423,000 after buying an additional 2,343 shares during the period. Institutional investors own 64.77% of the company’s stock.
Intel Corp. (NASDAQ:INTC) traded up 1.15% on Tuesday, reaching $37.07. The company’s stock had a trading volume of 13,773,217 shares. The firm has a 50-day moving average of $35.83 and a 200-day moving average of $33.12. The company has a market capitalization of $175.38 billion, a PE ratio of 17.98 and a beta of 0.93. Intel Corp. has a one year low of $27.68 and a one year high of $38.05.
Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings results on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.06. The business 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 business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the firm earned $0.55 earnings per share. Analysts predict that Intel Corp. will post $2.58 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 2.84%. Intel Corp.’s dividend payout ratio is presently 50.24%.
A number of brokerages have commented on INTC. B. Riley reaffirmed a “buy” rating and issued a $45.00 price objective (up from $42.00) on shares of Intel Corp. in a report on Friday, September 16th. Citigroup Inc. upped their price objective on Intel Corp. from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, September 19th. BMO Capital Markets reaffirmed a “hold” rating and issued a $34.00 price objective on shares of Intel Corp. in a report on Monday, September 19th. Stifel Nicolaus set a $39.00 price objective on Intel Corp. and gave the company a “buy” rating in a report on Monday, September 19th. Finally, Robert W. Baird upped their price objective on Intel Corp. from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, September 19th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $39.26.
In other news, EVP Venkata S. M. Renduchintala sold 13,997 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $34.71, for a total transaction of $485,835.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gregory R. Pearson sold 250,192 shares of the firm’s stock in a transaction dated 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 owns 92,826 shares of the company’s stock, valued at approximately $3,388,149. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.
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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