Autus Asset Management LLC reduced its position in shares of Intel Co. (NASDAQ:INTC) by 11.6% in the second quarter, HoldingsChannel.com reports. The firm owned 24,114 shares of the chip maker’s stock after selling 3,149 shares during the period. Autus Asset Management LLC’s holdings in Intel were worth $1,199,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Willingdon Wealth Management raised its stake in Intel by 3.6% in the second quarter. Willingdon Wealth Management now owns 114,125 shares of the chip maker’s stock worth $5,673,000 after buying an additional 3,962 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Intel in the second quarter worth about $24,249,000. Financial Architects Inc raised its stake in Intel by 4.3% in the second quarter. Financial Architects Inc now owns 47,423 shares of the chip maker’s stock worth $2,358,000 after buying an additional 1,934 shares in the last quarter. Global Financial Private Capital LLC raised its stake in Intel by 19.9% in the second quarter. Global Financial Private Capital LLC now owns 153,100 shares of the chip maker’s stock worth $7,611,000 after buying an additional 25,448 shares in the last quarter. Finally, Sandy Spring Bank raised its stake in Intel by 0.5% in the second quarter. Sandy Spring Bank now owns 258,154 shares of the chip maker’s stock worth $12,832,000 after buying an additional 1,396 shares in the last quarter. Institutional investors own 65.40% of the company’s stock.
In other news, EVP Steven Ralph Rodgers sold 2,235 shares of the stock in a transaction that occurred on Friday, October 26th. The shares were sold at an average price of $45.66, for a total transaction of $102,050.10. Following the sale, the executive vice president now owns 30,324 shares in the company, valued at $1,384,593.84. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders have sold 3,498 shares of company stock worth $163,118. Corporate insiders own 0.03% of the company’s stock.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 25th. The chip maker reported $1.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.25. Intel had a net margin of 21.91% and a return on equity of 29.64%. The business had revenue of $19.16 billion during the quarter, compared to the consensus estimate of $18.11 billion. On average, sell-side analysts anticipate that Intel Co. will post 4.53 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Wednesday, November 7th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Tuesday, November 6th. Intel’s payout ratio is 34.68%.
INTC has been the subject of a number of research reports. Morningstar set a $65.00 price target on shares of Intel and gave the stock a “buy” rating in a research note on Monday, October 1st. BidaskClub downgraded shares of Intel from a “hold” rating to a “sell” rating in a research note on Friday, September 7th. Morgan Stanley downgraded shares of Intel from an “equal” rating to a “weight” rating in a research note on Monday, October 1st. Nomura reissued a “neutral” rating and issued a $50.00 price target on shares of Intel in a research note on Friday, August 10th. Finally, Macquarie set a $60.00 price target on shares of Intel and gave the stock a “buy” rating in a research note on Sunday, September 30th. Six research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-two have given a buy rating to the stock. Intel currently has a consensus rating of “Hold” and an average price target of $55.33.
Intel Company Profile
Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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