Spirit of America Management Corp NY reduced its stake in Intel Co. (NASDAQ:INTC) by 4.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,840 shares of the chip maker’s stock after selling 560 shares during the quarter. Spirit of America Management Corp NY’s holdings in Intel were worth $519,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. WoodTrust Financial Corp lifted its stake in Intel by 2.6% in the second quarter. WoodTrust Financial Corp now owns 92,343 shares of the chip maker’s stock valued at $4,420,000 after buying an additional 2,354 shares during the period. Ogorek Anthony Joseph NY ADV lifted its stake in Intel by 500.0% in the second quarter. Ogorek Anthony Joseph NY ADV now owns 600 shares of the chip maker’s stock valued at $28,000 after buying an additional 500 shares during the period. Centre Asset Management LLC lifted its stake in Intel by 7.1% in the second quarter. Centre Asset Management LLC now owns 103,074 shares of the chip maker’s stock valued at $4,934,000 after buying an additional 6,804 shares during the period. Cohen Klingenstein LLC lifted its stake in Intel by 104.6% in the second quarter. Cohen Klingenstein LLC now owns 115,400 shares of the chip maker’s stock valued at $5,524,000 after buying an additional 59,000 shares during the period. Finally, Windsor Group LTD lifted its stake in Intel by 4.3% in the second quarter. Windsor Group LTD now owns 35,883 shares of the chip maker’s stock valued at $1,724,000 after buying an additional 1,466 shares during the period. 65.92% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on INTC shares. Jefferies Financial Group set a $40.00 price target on Intel and gave the company a “sell” rating in a research note on Friday. Daiwa Capital Markets downgraded Intel from an “outperform” rating to a “neutral” rating in a report on Monday, April 29th. Barclays set a $82.00 price objective on Baxter International and gave the company a “hold” rating in a report on Friday. Deutsche Bank set a $129.00 price objective on Proofpoint and gave the company a “hold” rating in a report on Friday. Finally, BidaskClub upgraded Xilinx from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. Nine equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $54.31.
Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 25th. The chip maker reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.17. The firm had revenue of $16.51 billion during the quarter, compared to the consensus estimate of $15.70 billion. Intel had a return on equity of 28.84% and a net margin of 28.05%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.04 EPS. Equities analysts forecast that Intel Co. will post 4.13 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be paid a $0.315 dividend. The ex-dividend date is Tuesday, August 6th. This represents a $1.26 dividend on an annualized basis and a yield of 2.43%. Intel’s dividend payout ratio (DPR) is presently 27.51%.
In other news, EVP Navin Shenoy sold 1,254 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $50.80, for a total transaction of $63,703.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.02% of the stock is owned by corporate insiders.
Intel Company Profile
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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