Clear Harbor Asset Management LLC maintained its stake in Intel Corporation (NASDAQ:INTC) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,913 shares of the chip maker’s stock at the end of the 2nd quarter. Clear Harbor Asset Management LLC’s holdings in Intel Corporation were worth $579,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Shields Capital Management LLC boosted its position in Intel Corporation by 3.5% during the second quarter. Wellington Shields Capital Management LLC now owns 28,041 shares of the chip maker’s stock worth $946,000 after purchasing an additional 950 shares in the last quarter. Wellington Shields & Co. LLC boosted its position in Intel Corporation by 0.5% during the second quarter. Wellington Shields & Co. LLC now owns 20,100 shares of the chip maker’s stock worth $678,000 after purchasing an additional 100 shares in the last quarter. Carroll Financial Associates Inc. boosted its position in Intel Corporation by 0.8% during the second quarter. Carroll Financial Associates Inc. now owns 25,473 shares of the chip maker’s stock worth $859,000 after purchasing an additional 212 shares in the last quarter. Lodestar Investment Counsel LLC IL boosted its position in Intel Corporation by 9.6% during the second quarter. Lodestar Investment Counsel LLC IL now owns 199,797 shares of the chip maker’s stock worth $6,741,000 after purchasing an additional 17,522 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Intel Corporation by 7.6% during the second quarter. Russell Investments Group Ltd. now owns 9,761,964 shares of the chip maker’s stock worth $329,427,000 after purchasing an additional 686,808 shares in the last quarter. Hedge funds and other institutional investors own 67.03% of the company’s stock.
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A number of equities analysts have issued reports on INTC shares. Zacks Investment Research downgraded Intel Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Stifel Nicolaus reiterated a “buy” rating and set a $39.00 price target on shares of Intel Corporation in a research report on Friday, July 14th. Bank of America Corporation downgraded Intel Corporation from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $42.00 to $38.00 in a research report on Wednesday, June 21st. Credit Suisse Group reiterated a “neutral” rating and set a $35.00 price target on shares of Intel Corporation in a research report on Tuesday, July 4th. Finally, ValuEngine downgraded Intel Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $40.54.
Shares of Intel Corporation (NASDAQ INTC) traded up 0.05% during trading on Thursday, reaching $37.09. The company had a trading volume of 6,524,275 shares. The stock has a market capitalization of $174.29 billion, a price-to-earnings ratio of 14.16 and a beta of 1.02. The stock has a 50 day moving average of $35.74 and a 200 day moving average of $35.53. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $38.45.
Intel Corporation (NASDAQ:INTC) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. Intel Corporation’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.59 earnings per share. Equities research analysts forecast that Intel Corporation will post $3.01 EPS for the current year.
The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 annualized dividend and a yield of 2.94%. Intel Corporation’s dividend payout ratio (DPR) is 41.76%.
In related news, EVP Diane M. Bryant sold 2,119 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $34.68, for a total transaction of $73,486.92. Following the sale, the executive vice president now owns 108,471 shares in the company, valued at $3,761,774.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brian M. Krzanich sold 72,173 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the sale, the chief executive officer now owns 534,746 shares in the company, valued at approximately $18,015,592.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 91,921 shares of company stock worth $3,130,162. 0.08% of the stock is owned by company insiders.
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).
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