Capital Advisors Inc. OK lowered its stake in shares of Intel Corporation (NASDAQ:INTC) by 0.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,392 shares of the chip maker’s stock after selling 297 shares during the period. Capital Advisors Inc. OK’s holdings in Intel Corporation were worth $2,395,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Ally Financial Inc. bought a new position in Intel Corporation during the fourth quarter worth $2,720,000. Azimuth Capital Management LLC boosted its position in Intel Corporation by 0.5% in the fourth quarter. Azimuth Capital Management LLC now owns 318,241 shares of the chip maker’s stock worth $11,543,000 after buying an additional 1,467 shares during the last quarter. Mayo Investment Advisers LLC bought a new position in Intel Corporation during the fourth quarter worth $573,000. Bank of Nova Scotia Trust Co. boosted its position in Intel Corporation by 399.5% in the fourth quarter. Bank of Nova Scotia Trust Co. now owns 42,610 shares of the chip maker’s stock worth $1,545,000 after buying an additional 34,080 shares during the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in Intel Corporation by 3,532.8% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 674,753 shares of the chip maker’s stock worth $674,000 after buying an additional 656,179 shares during the last quarter. 67.41% of the stock is owned by institutional investors.
Intel Corporation (NASDAQ INTC) traded up 0.52% on Wednesday, reaching $36.54. 27,918,734 shares of the company’s stock were exchanged. Intel Corporation has a one year low of $33.23 and a one year high of $38.45. The firm has a market cap of $171.70 billion, a PE ratio of 13.95 and a beta of 1.01. The firm has a 50 day moving average price of $34.56 and a 200 day moving average price of $35.72.
Intel Corporation (NASDAQ:INTC) last posted its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.04. The firm 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%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.59 earnings per share. On average, equities analysts anticipate that Intel Corporation will post $2.86 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 7th will be paid a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Thursday, August 3rd. Intel Corporation’s payout ratio is 41.76%.
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A number of research analysts have weighed in on INTC shares. Zacks Investment Research cut shares of Intel Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Stifel Nicolaus restated a “buy” rating and set a $39.00 price target on shares of Intel Corporation in a research note on Friday, July 14th. Bank of America Corporation cut shares of Intel Corporation from a “buy” rating to a “neutral” rating and dropped their price target for the company from $42.00 to $38.00 in a research note on Wednesday, June 21st. Credit Suisse Group restated a “neutral” rating and set a $35.00 price target on shares of Intel Corporation in a research note on Tuesday, July 4th. Finally, Vetr upgraded shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $37.50 price target on the stock in a research note on Monday, April 10th. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. Intel Corporation presently has a consensus rating of “Hold” and an average price target of $40.55.
In other Intel Corporation news, EVP Diane M. Bryant sold 2,119 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $34.68, for a total value of $73,486.92. Following the completion of the sale, the executive vice president now owns 108,471 shares in the company, valued at $3,761,774.28. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Brian M. Krzanich sold 72,173 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 534,746 shares of the company’s stock, valued at approximately $18,015,592.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,501 shares of company stock valued at $2,581,891. 0.09% of the stock is owned by company insiders.
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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