Mathes Company Inc. reduced its position in Intel Corporation (NASDAQ:INTC) by 3.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 132,790 shares of the chip maker’s stock after selling 5,050 shares during the period. Intel Corporation comprises approximately 2.1% of Mathes Company Inc.’s portfolio, making the stock its 11th largest position. Mathes Company Inc.’s holdings in Intel Corporation were worth $4,480,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Peoples Financial Services CORP. boosted its stake in shares of Intel Corporation by 2.6% in the second quarter. Peoples Financial Services CORP. now owns 31,775 shares of the chip maker’s stock worth $1,072,000 after buying an additional 800 shares in the last quarter. Regent Investment Management LLC boosted its position in Intel Corporation by 0.5% in the second quarter. Regent Investment Management LLC now owns 37,913 shares of the chip maker’s stock valued at $1,279,000 after buying an additional 190 shares during the period. Access Financial Services Inc. boosted its position in Intel Corporation by 0.4% in the second quarter. Access Financial Services Inc. now owns 21,480 shares of the chip maker’s stock valued at $725,000 after buying an additional 90 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Intel Corporation by 1.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 1,979,318 shares of the chip maker’s stock valued at $66,782,000 after buying an additional 31,200 shares during the period. Finally, Legacy Private Trust Co. boosted its position in Intel Corporation by 47.2% in the second quarter. Legacy Private Trust Co. now owns 122,218 shares of the chip maker’s stock valued at $4,124,000 after buying an additional 39,168 shares during the period. 67.35% of the stock is owned by institutional investors.
Shares of Intel Corporation (INTC) opened at 34.56 on Thursday. Intel Corporation has a one year low of $33.23 and a one year high of $38.45. The company has a market cap of $162.74 billion, a price-to-earnings ratio of 14.96 and a beta of 1.00. The firm has a 50-day moving average of $34.84 and a 200-day moving average of $35.82. Intel Corporation also saw unusually large options trading activity on Tuesday. Stock investors purchased 51,256 call options on the stock. This represents an increase of 188% compared to the average volume of 17,824 call options.
Intel Corporation (NASDAQ:INTC) last issued its earnings results on Thursday, April 27th. The chip maker reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.01. Intel Corporation had a net margin of 18.57% and a return on equity of 21.48%. The company had revenue of $14.80 billion for the quarter, compared to analysts’ expectations of $14.80 billion. During the same period in the prior year, the business earned $0.54 EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. Equities research analysts forecast that Intel Corporation will post $2.86 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This story was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright law. The original version of this story can be viewed at https://stocknewstimes.com/2017/07/20/mathes-company-inc-sells-5050-shares-of-intel-corporation-intc.html.
Several research firms have commented on INTC. B. Riley reaffirmed a “buy” rating and issued a $44.00 price target on shares of Intel Corporation in a report on Wednesday, May 3rd. Jefferies Group LLC cut Intel Corporation from a “hold” rating to an “underperform” rating and cut their price target for the company from $29.00 to $28.00 in a report on Monday, July 10th. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $30.00 price target on shares of Intel Corporation in a report on Friday, July 14th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $38.00 price target on shares of Intel Corporation in a report on Friday, July 14th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $39.00 price target on shares of Intel Corporation in a report on Friday, July 14th. Seven investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.09.
In other news, insider Stacy J. Smith sold 29,497 shares of the firm’s stock in a transaction that occurred on Friday, April 21st. The shares were sold at an average price of $36.28, for a total transaction of $1,070,151.16. Following the sale, the insider now owns 318,654 shares of the company’s stock, valued at approximately $11,560,767.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Venkata S. M. Renduchintala sold 13,997 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $36.11, for a total transaction of $505,431.67. Following the sale, the insider now directly owns 1,536 shares in the company, valued at approximately $55,464.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 119,994 shares of company stock valued at $4,166,359. Insiders own 0.09% of the company’s stock.
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).
Receive News & Ratings for Intel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
