Bremer Trust National Association trimmed its position in Intel Corporation (NASDAQ:INTC) by 11.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,223 shares of the chip maker’s stock after selling 13,764 shares during the quarter. Intel Corporation accounts for approximately 1.0% of Bremer Trust National Association’s portfolio, making the stock its 18th largest holding. Bremer Trust National Association’s holdings in Intel Corporation were worth $3,651,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Sigma Planning Corp raised its holdings in shares of Intel Corporation by 0.5% in the 1st quarter. Sigma Planning Corp now owns 64,672 shares of the chip maker’s stock worth $2,333,000 after purchasing an additional 335 shares during the period. Pillar Pacific Capital Management LLC raised its holdings in shares of Intel Corporation by 0.4% in the 1st quarter. Pillar Pacific Capital Management LLC now owns 235,734 shares of the chip maker’s stock worth $8,503,000 after purchasing an additional 930 shares during the period. Stockman Wealth Management Inc. raised its holdings in shares of Intel Corporation by 2.3% in the 1st quarter. Stockman Wealth Management Inc. now owns 128,104 shares of the chip maker’s stock worth $4,621,000 after purchasing an additional 2,903 shares during the period. GFS Advisors LLC raised its holdings in shares of Intel Corporation by 9.2% in the 1st quarter. GFS Advisors LLC now owns 114,035 shares of the chip maker’s stock worth $4,114,000 after purchasing an additional 9,635 shares during the period. Finally, Princeton Alpha Management LP purchased a new position in shares of Intel Corporation in the 1st quarter worth about $384,000. Institutional investors own 67.09% of the company’s stock.
Shares of Intel Corporation (NASDAQ INTC) traded up 1.43% on Friday, reaching $37.00. The company’s stock had a trading volume of 33,596,072 shares. The company has a 50 day moving average price of $35.64 and a 200 day moving average price of $35.52. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $38.45. The company has a market cap of $173.86 billion, a P/E ratio of 14.12 and a beta of 1.02.
Intel Corporation (NASDAQ:INTC) last released its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. The firm had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 EPS. On average, analysts anticipate that Intel Corporation will post $3.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be issued a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio (DPR) is presently 41.76%.
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In other Intel Corporation news, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $36.40, for a total transaction of $51,833.60. Following the completion of the transaction, the insider now owns 1,536 shares in the company, valued at approximately $55,910.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Venkata S. M. Renduchintala sold 13,996 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $35.47, for a total value of $496,438.12. Following the transaction, the insider now owns 1,536 shares of the company’s stock, valued at approximately $54,481.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 91,921 shares of company stock valued at $3,130,162. Corporate insiders own 0.08% of the company’s stock.
A number of equities analysts have recently commented on INTC shares. Zacks Investment Research downgraded Intel Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Stifel Nicolaus restated a “buy” rating and issued a $39.00 price objective on shares of Intel Corporation in a report on Friday, July 14th. Bank of America Corporation downgraded Intel Corporation from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $42.00 to $38.00 in a report on Wednesday, June 21st. Credit Suisse Group restated a “neutral” rating and issued a $35.00 price objective on shares of Intel Corporation in a report on Tuesday, July 4th. Finally, ValuEngine downgraded Intel Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Six investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. Intel Corporation has an average rating of “Hold” and a consensus price target of $40.60.
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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