Intel Corporation (NASDAQ:INTC) Stake Lowered by Shelton Capital Management

Shelton Capital Management decreased its holdings in shares of Intel Corporation (NASDAQ:INTC) by 69.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 741,742 shares of the chip maker’s stock after selling 1,682,257 shares during the quarter. Intel Corporation accounts for about 1.7% of Shelton Capital Management’s investment portfolio, making the stock its 9th biggest position. Shelton Capital Management’s holdings in Intel Corporation were worth $26,755,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Orrstown Financial Services Inc. raised its stake in Intel Corporation by 96.6% in the 1st quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock worth $134,000 after acquiring an additional 1,830 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in Intel Corporation by 53.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after purchasing an additional 1,400 shares during the period. Vigilant Capital Management LLC grew its position in Intel Corporation by 22.6% during the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after purchasing an additional 805 shares during the period. ARP Americas LLC acquired a new stake in Intel Corporation during the 1st quarter worth about $202,000. Finally, Vision Capital Management Inc. acquired a new stake in Intel Corporation during the 1st quarter worth about $202,000. Institutional investors own 67.09% of the company’s stock.

In related news, CEO Brian M. Krzanich sold 72,173 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 534,746 shares of the company’s stock, valued at $18,015,592.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of Intel Corporation stock in a transaction on Monday, August 7th. The stock was sold at an average price of $36.40, for a total value of $51,833.60. Following the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $55,910.40. The disclosure for this sale can be found here. Insiders have sold a total of 91,921 shares of company stock valued at $3,130,162 over the last ninety days. Company insiders own 0.08% of the company’s stock.

A number of equities research analysts have recently commented on INTC shares. Jefferies Group LLC restated an “underperform” rating and set a $30.00 target price (up from $29.00) on shares of Intel Corporation in a research report on Friday, July 28th. They noted that the move was a valuation call. Sanford C. Bernstein set a $30.00 price target on shares of Intel Corporation and gave the company a “sell” rating in a research note on Tuesday, August 15th. Hilliard Lyons started coverage on shares of Intel Corporation in a research note on Wednesday, July 12th. They issued a “buy” rating and a $41.00 price target on the stock. Canaccord Genuity reaffirmed a “hold” rating on shares of Intel Corporation in a research note on Saturday, June 3rd. Finally, Northland Securities set a $40.00 price target on shares of Intel Corporation and gave the company a “hold” rating in a research note on Friday, July 28th. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.60.

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Intel Corporation (INTC) traded up 1.43% during mid-day trading on Friday, hitting $37.00. 33,596,072 shares of the company’s stock were exchanged. The stock has a market capitalization of $173.86 billion, a P/E ratio of 14.12 and a beta of 1.02. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $38.45. The firm has a 50 day moving average of $35.64 and a 200 day moving average of $35.52.

Intel Corporation (NASDAQ:INTC) last posted its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The business had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. Intel Corporation’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 EPS. Equities analysts forecast that Intel Corporation will post $3.01 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be paid a dividend of $0.2725 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 annualized dividend and a dividend yield of 2.95%. Intel Corporation’s dividend payout ratio is currently 41.76%.

Intel Corporation Company Profile

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).

Institutional Ownership by Quarter for Intel Corporation (NASDAQ:INTC)

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