Hall Laurie J Trustee Sells 4,800 Shares of Intel Corporation (INTC)

Hall Laurie J Trustee reduced its stake in shares of Intel Corporation (NASDAQ:INTC) by 3.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 136,982 shares of the chip maker’s stock after selling 4,800 shares during the period. Intel Corporation accounts for about 3.2% of Hall Laurie J Trustee’s holdings, making the stock its 9th largest position. Hall Laurie J Trustee’s holdings in Intel Corporation were worth $4,961,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Edmond DE Rothschild Monaco bought a new stake in Intel Corporation during the third quarter valued at $113,000. Jacobus Wealth Management Inc. bought a new stake in Intel Corporation during the third quarter valued at $119,000. Fusion Family Wealth LLC bought a new stake in Intel Corporation during the fourth quarter valued at $133,000. Orrstown Financial Services Inc. boosted its stake in shares of Intel Corporation by 96.6% in the first quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock valued at $134,000 after buying an additional 1,830 shares in the last quarter. Finally, FNY Partners Fund LP acquired a new stake in shares of Intel Corporation during the fourth quarter valued at approximately $145,000. Hedge funds and other institutional investors own 68.30% of the company’s stock.

Institutional Ownership by Quarter for Intel Corporation (NASDAQ:INTC)

Intel Corporation (NASDAQ INTC) traded down 0.28% on Friday, hitting $35.21. The stock had a trading volume of 30,762,781 shares. The company has a 50-day moving average price of $36.03 and a 200-day moving average price of $36.11. The stock has a market capitalization of $165.80 billion, a price-to-earnings ratio of 15.24 and a beta of 0.98. Intel Corporation has a 1-year low of $30.44 and a 1-year high of $38.45. Intel Corporation also was the recipient of some unusual options trading on Thursday. Stock investors purchased 5,251 put options on the company. This represents an increase of approximately 193% compared to the average daily volume of 1,795 put options.

Intel Corporation (NASDAQ:INTC) last released its earnings results on Thursday, April 27th. The chip maker reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.01. The company had revenue of $14.80 billion during the quarter, compared to the consensus estimate of $14.80 billion. Intel Corporation had a return on equity of 21.48% and a net margin of 18.57%. Intel Corporation’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS. Equities analysts predict that Intel Corporation will post $2.86 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Sunday, May 7th were given a $0.2725 dividend. This is an increase from Intel Corporation’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, May 3rd. This represents a $1.09 dividend on an annualized basis and a yield of 3.10%. Intel Corporation’s payout ratio is presently 47.39%.

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Several brokerages have recently commented on INTC. BidaskClub cut shares of Intel Corporation from a “buy” rating to a “hold” rating in a research report on Friday. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Intel Corporation in a research report on Friday. Vetr upgraded shares of Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $40.45 price target for the company in a research report on Monday. Zacks Investment Research upgraded shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Wednesday, June 7th. Finally, Jefferies Group LLC set a $38.00 price target on shares of Intel Corporation and gave the stock a “hold” rating in a research report on Saturday, June 3rd. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $40.42.

In other news, CFO Robert Holmes Swan bought 13,888 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was bought at an average price of $36.31 per share, for a total transaction of $504,273.28. Following the transaction, the chief financial officer now directly owns 8,774 shares of the company’s stock, valued at approximately $318,583.94. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Diane M. Bryant sold 1,639 shares of the business’s stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $36.85, for a total value of $60,397.15. Following the completion of the sale, the insider now owns 113,357 shares of the company’s stock, valued at approximately $4,177,205.45. The disclosure for this sale can be found here. Insiders sold a total of 47,821 shares of company stock valued at $1,734,851 in the last 90 days. 0.09% of the stock is currently owned by corporate 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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