Affinity Investment Advisors LLC Sells 99,179 Shares of Intel Corporation (INTC)
Affinity Investment Advisors LLC lowered its stake in Intel Corporation (NASDAQ:INTC) by 20.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 394,229 shares of the chip maker’s stock after selling 99,179 shares during the quarter. Intel Corporation comprises 1.6% of Affinity Investment Advisors LLC’s portfolio, making the stock its 14th biggest holding. Affinity Investment Advisors LLC owned 0.10% of Intel Corporation worth $13,301,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Watermark Asset Management Inc. bought a new position in shares of Intel Corporation in the first quarter worth about $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of Intel Corporation by 53.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after buying an additional 1,400 shares during the period. Vigilant Capital Management LLC raised its stake in shares of Intel Corporation by 22.6% in the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after buying an additional 805 shares during the period. Orrstown Financial Services Inc. raised its stake in shares of Intel Corporation by 23.0% in the second quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock worth $155,000 after buying an additional 857 shares during the period. Finally, Farmers National Bank raised its stake in shares of Intel Corporation by 5.1% in the first quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock worth $183,000 after buying an additional 234 shares during the period. 67.03% of the stock is currently owned by hedge funds and other institutional investors.
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Several analysts recently issued reports on INTC shares. Canaccord Genuity reissued a “hold” rating on shares of Intel Corporation in a research note on Saturday, June 3rd. Jefferies Group LLC set a $38.00 target price on Intel Corporation and gave the company a “hold” rating in a research note on Saturday, June 3rd. Zacks Investment Research downgraded Intel Corporation from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. Vetr raised Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $40.45 target price on the stock in a research note on Monday, June 12th. Finally, Raymond James Financial, Inc. reissued an “underperform” rating on shares of Intel Corporation in a research note on Friday, June 16th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $40.57.
Intel Corporation (NASDAQ INTC) traded down 0.05% during mid-day trading on Friday, hitting $37.18. The stock had a trading volume of 21,631,754 shares. The stock has a market cap of $174.71 billion, a P/E ratio of 14.19 and a beta of 1.02. The company has a 50 day moving average price of $35.74 and a 200 day moving average price of $35.53. Intel Corporation has a one year low of $33.23 and a one year high of $38.45.
Intel Corporation (NASDAQ:INTC) last issued its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The business had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.59 EPS. On average, equities analysts anticipate that Intel Corporation will post $3.01 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be paid a $0.2725 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.93%. Intel Corporation’s dividend payout ratio (DPR) is presently 41.76%.
In related news, CEO Brian M. Krzanich sold 72,173 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the sale, the chief executive officer now owns 534,746 shares in the company, valued at $18,015,592.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $496,438.12. Following the sale, the insider now owns 1,536 shares in the company, valued at approximately $54,481.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 91,921 shares of company stock worth $3,130,162. Company insiders own 0.08% of the company’s stock.
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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