Good Life Advisors LLC cut its stake in Intel Co. (NASDAQ:INTC) by 17.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,086 shares of the chip maker’s stock after selling 2,494 shares during the period. Good Life Advisors LLC’s holdings in Intel were worth $601,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in INTC. Trust Co. of Virginia VA increased its stake in shares of Intel by 3.2% in the 2nd quarter. Trust Co. of Virginia VA now owns 238,257 shares of the chip maker’s stock valued at $11,843,000 after purchasing an additional 7,281 shares during the last quarter. Cedar Capital LLC increased its stake in shares of Intel by 22.5% in the 2nd quarter. Cedar Capital LLC now owns 16,237 shares of the chip maker’s stock valued at $807,000 after purchasing an additional 2,986 shares during the last quarter. Johnson Financial Group Inc. increased its stake in shares of Intel by 2.2% in the 2nd quarter. Johnson Financial Group Inc. now owns 124,864 shares of the chip maker’s stock valued at $6,207,000 after purchasing an additional 2,667 shares during the last quarter. Clear Perspective Advisors LLC increased its stake in shares of Intel by 19.4% in the 2nd quarter. Clear Perspective Advisors LLC now owns 43,981 shares of the chip maker’s stock valued at $2,186,000 after purchasing an additional 7,156 shares during the last quarter. Finally, Penobscot Investment Management Company Inc. increased its stake in shares of Intel by 1.6% in the 2nd quarter. Penobscot Investment Management Company Inc. now owns 160,928 shares of the chip maker’s stock valued at $8,000,000 after purchasing an additional 2,470 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on the company. Summit Insights lowered Intel from a “buy” rating to a “hold” rating in a research note on Friday, July 27th. Macquarie set a $60.00 price target on Intel and gave the company a “buy” rating in a research note on Monday, October 29th. ValuEngine lowered Intel from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Stifel Nicolaus restated a “neutral” rating and set a $52.00 price objective on shares of Intel in a research report on Thursday, August 9th. Finally, Barclays lowered Intel from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $62.00 to $53.00 in a research report on Monday, August 6th. 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 company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $55.27.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 25th. The chip maker reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.25. The firm had revenue of $19.16 billion for the quarter, compared to the consensus estimate of $18.11 billion. Intel had a return on equity of 29.64% and a net margin of 21.91%. On average, equities research analysts forecast that Intel Co. will post 4.53 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Wednesday, November 7th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.49%. The ex-dividend date is Tuesday, November 6th. Intel’s payout ratio is presently 34.68%.
In other news, VP Kevin Thomas Mcbride sold 6,500 shares of the business’s stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $45.53, for a total value of $295,945.00. Following the transaction, the vice president now directly owns 14,271 shares of the company’s stock, valued at approximately $649,758.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven Ralph Rodgers sold 2,235 shares of the business’s stock in a transaction dated Friday, October 26th. The shares were sold at an average price of $45.66, for a total value of $102,050.10. Following the completion of the transaction, the executive vice president now directly owns 30,324 shares in the company, valued at $1,384,593.84. The disclosure for this sale can be found here. Insiders have sold a total of 8,747 shares of company stock worth $398,552 over the last ninety days. Company insiders own 0.03% of the company’s stock.
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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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