Boston Private Wealth LLC lessened its stake in shares of Intel Corporation (NASDAQ:INTC) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 517,967 shares of the chip maker’s stock after selling 22,598 shares during the quarter. Boston Private Wealth LLC’s holdings in Intel Corporation were worth $17,476,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of INTC. Wedgewood Investors Inc. PA increased its stake in shares of Intel Corporation by 0.8% during the first quarter. Wedgewood Investors Inc. PA now owns 24,982 shares of the chip maker’s stock valued at $901,000 after acquiring an additional 198 shares during the period. Callahan Advisors LLC increased its stake in shares of Intel Corporation by 1.5% during the first quarter. Callahan Advisors LLC now owns 279,519 shares of the chip maker’s stock valued at $10,082,000 after acquiring an additional 4,181 shares during the period. WealthTrust Axiom LLC increased its stake in shares of Intel Corporation by 0.6% during the first quarter. WealthTrust Axiom LLC now owns 147,605 shares of the chip maker’s stock valued at $5,324,000 after acquiring an additional 916 shares during the period. Dowling & Yahnke LLC increased its stake in shares of Intel Corporation by 1.4% during the first quarter. Dowling & Yahnke LLC now owns 196,323 shares of the chip maker’s stock valued at $7,081,000 after acquiring an additional 2,682 shares during the period. Finally, Shine Investment Advisory Services Inc. acquired a new position in Intel Corporation in the first quarter worth approximately $268,000. Institutional investors and hedge funds own 66.90% of the company’s stock.
INTC has been the topic of several recent research reports. Zacks Investment Research lowered shares of Intel Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Canaccord Genuity lifted their price target on shares of Intel Corporation from $41.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday. ValuEngine lowered shares of Intel Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Goldman Sachs Group, Inc. (The) restated a “hold” rating and issued a $39.00 price target on shares of Intel Corporation in a research report on Monday, July 31st. Finally, BidaskClub upgraded shares of Intel Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $43.40.
In other Intel Corporation news, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total value of $66,543.52. Following the completion of the sale, the insider now owns 1,536 shares of the company’s stock, valued at $71,777.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stacy J. Smith sold 472,337 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the completion of the sale, the insider now directly owns 265,298 shares of the company’s stock, valued at approximately $11,734,130.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 659,036 shares of company stock valued at $28,872,880. 0.08% of the stock is currently owned by insiders.
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Shares of Intel Corporation (NASDAQ INTC) opened at $44.63 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60. The firm has a market cap of $208,868.41, a P/E ratio of 14.03, a P/E/G ratio of 1.63 and a beta of 1.09. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $47.30.
Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.21. The business had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $15.73 billion. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. Intel Corporation’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 earnings per share. analysts predict that Intel Corporation will post 3.25 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be paid a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Monday, November 6th. Intel Corporation’s dividend payout ratio (DPR) is 38.11%.
About Intel Corporation
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).
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