Sigma Planning Corp lowered its position in Intel Corp. (NASDAQ:INTC) by 0.0% during the second quarter, Holdings Channel reports. The institutional investor owned 98,027 shares of the chip maker’s stock after selling 5 shares during the period. Sigma Planning Corp’s holdings in Intel Corp. were worth $3,215,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Carnick & Kubik LLC purchased a new position in Intel Corp. during the first quarter worth approximately $100,000. Parasol Investment Management LLC boosted 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 worth $131,000 after buying an additional 1,020 shares in the last quarter. American National Bank boosted 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 worth $146,000 after buying an additional 2,265 shares in the last quarter. D. Scott Neal Inc. boosted 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 worth $163,000 after buying an additional 35 shares in the last quarter. Finally, CapWealth Advisors LLC boosted 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 worth $178,000 after buying an additional 1,676 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.
Intel Corp. (NASDAQ:INTC) traded up 1.23% during trading on Tuesday, reaching $37.75. 42,907,753 shares of the company were exchanged. Intel Corp. has a 52-week low of $27.68 and a 52-week high of $38.36. The stock has a market capitalization of $178.60 billion, a PE ratio of 18.31 and a beta of 1.09. The firm’s 50 day moving average is $36.98 and its 200 day moving average is $33.74.
Intel Corp. (NASDAQ:INTC) last announced its earnings results on Tuesday, October 18th. The chip maker reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ 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 had revenue of $15.78 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same period in the prior year, the company posted $0.64 EPS. Intel Corp.’s quarterly revenue was up 9.1% on a year-over-year basis. Analysts expect that Intel Corp. will post $2.58 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s payout ratio is 50.24%.
A number of equities analysts recently commented on the stock. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Intel Corp. in a research note on Saturday, July 9th. B. Riley reiterated a “buy” rating and set a $42.00 price objective on shares of Intel Corp. in a report on Thursday, July 21st. Argus reiterated a “buy” rating and set a $41.00 price objective on shares of Intel Corp. in a report on Monday, July 25th. Barclays PLC upgraded shares of Intel Corp. from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $38.00 to $45.00 in a report on Tuesday. They noted that the move was a valuation call. Finally, Sanford C. Bernstein set a $31.00 price objective on shares of Intel Corp. and gave the company a “hold” rating in a report on Thursday, July 21st. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirty-three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $40.00.
In other Intel Corp. news, EVP Venkata S. M. Renduchintala sold 13,997 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $34.71, for a total value of $485,835.87. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Gregory R. Pearson sold 1,506 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $34.46, for a total value of $51,896.76. Following the completion of the transaction, the vice president now directly owns 84,505 shares in the company, valued at $2,912,042.30. The disclosure for this sale can be found here. 0.09% of the stock is owned by company 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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