Cwm LLC decreased its stake in Intel Corporation (NASDAQ:INTC) by 7.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,843 shares of the chip maker’s stock after selling 2,146 shares during the period. Cwm LLC’s holdings in Intel Corporation were worth $906,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in INTC. Cordasco Financial Network boosted its stake in shares of Intel Corporation by 0.7% in the first quarter. Cordasco Financial Network now owns 5,699 shares of the chip maker’s stock valued at $206,000 after buying an additional 38 shares during the period. Summit Asset Management LLC boosted its stake in shares of Intel Corporation by 0.7% in the first quarter. Summit Asset Management LLC now owns 6,281 shares of the chip maker’s stock valued at $227,000 after buying an additional 46 shares during the period. First Hawaiian Bank boosted its stake in shares of Intel Corporation by 0.9% in the first quarter. First Hawaiian Bank now owns 5,769 shares of the chip maker’s stock valued at $208,000 after buying an additional 50 shares during the period. First Command Financial Services Inc. boosted its stake in shares of Intel Corporation by 0.4% in the first quarter. First Command Financial Services Inc. now owns 12,607 shares of the chip maker’s stock valued at $455,000 after buying an additional 51 shares during the period. Finally, Conservest Capital Advisors Inc. boosted its stake in shares of Intel Corporation by 0.6% in the second quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock valued at $302,000 after buying an additional 51 shares during the period. 67.40% of the stock is owned by institutional investors and hedge funds.
Intel Corporation (NASDAQ INTC) opened at 34.50 on Tuesday. The firm’s 50 day moving average is $34.71 and its 200 day moving average is $35.78. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $38.45. The stock has a market capitalization of $162.46 billion, a P/E ratio of 14.94 and a beta of 1.00.
Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings data 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. The business had revenue of $14.80 billion for the quarter, compared to analysts’ expectations of $14.80 billion. Intel Corporation had a return on equity of 21.48% and a net margin of 18.57%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. On average, equities research analysts anticipate that Intel Corporation will post $2.86 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be issued a dividend of $0.2725 per share. The ex-dividend date is Thursday, August 3rd. This represents a $1.09 annualized dividend and a dividend yield of 3.16%. Intel Corporation’s dividend payout ratio (DPR) is 47.39%.
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INTC has been the subject of several analyst reports. Susquehanna Bancshares Inc reiterated a “positive” rating on shares of Intel Corporation in a research note on Tuesday, March 28th. Robert W. Baird reiterated an “outperform” rating and issued a $42.00 price objective on shares of Intel Corporation in a research note on Tuesday, March 28th. They noted that the move was a valuation call. B. Riley reiterated a “buy” rating and issued a $44.00 price objective on shares of Intel Corporation in a research note on Wednesday, March 29th. Needham & Company LLC reiterated a “buy” rating and issued a $43.00 price objective on shares of Intel Corporation in a research note on Wednesday, March 29th. Finally, Rosenblatt Securities reiterated a “sell” rating on shares of Intel Corporation in a research note on Thursday, March 30th. Seven research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $40.20.
In other news, insider Diane M. Bryant sold 2,119 shares of the company’s stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $36.96, for a total transaction of $78,318.24. Following the sale, the insider now directly owns 107,285 shares of the company’s stock, valued at approximately $3,965,253.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian M. Krzanich sold 72,173 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $33.69, for a total value of $2,431,508.37. Following the sale, the chief executive officer now directly owns 534,746 shares in the company, valued at $18,015,592.74. The disclosure for this sale can be found here. Insiders have sold a total of 88,858 shares of company stock worth $3,035,811 over the last ninety days. 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).
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