Alexandria Capital LLC Has $4.05 Million Stake in Intel Corporation (INTC)
Alexandria Capital LLC decreased its holdings in shares of Intel Corporation (NASDAQ:INTC) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,057 shares of the chip maker’s stock after selling 475 shares during the quarter. Alexandria Capital LLC’s holdings in Intel Corporation were worth $4,051,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of INTC. Coastline Trust Co grew its position in shares of Intel Corporation by 2.6% during the 1st quarter. Coastline Trust Co now owns 111,889 shares of the chip maker’s stock worth $4,036,000 after buying an additional 2,800 shares during the period. Armstrong Henry H Associates Inc. boosted its stake in Intel Corporation by 4.5% during the 1st quarter. Armstrong Henry H Associates Inc. now owns 479,799 shares of the chip maker’s stock worth $17,306,000 after acquiring an additional 20,810 shares during the last quarter. Patten & Patten Inc. TN boosted its stake in Intel Corporation by 6.6% during the 1st quarter. Patten & Patten Inc. TN now owns 318,813 shares of the chip maker’s stock worth $11,500,000 after acquiring an additional 19,600 shares during the last quarter. WealthTrust Arizona LLC boosted its stake in Intel Corporation by 2.9% during the 1st quarter. WealthTrust Arizona LLC now owns 11,156 shares of the chip maker’s stock worth $402,000 after acquiring an additional 319 shares during the last quarter. Finally, Cape ANN Savings Bank boosted its stake in Intel Corporation by 1.3% during the 1st quarter. Cape ANN Savings Bank now owns 15,969 shares of the chip maker’s stock worth $576,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 67.02% of the company’s stock.
In other Intel Corporation news, EVP Diane M. Bryant sold 2,119 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $34.68, for a total transaction of $73,486.92. Following the transaction, the executive vice president now directly owns 108,471 shares in the company, valued at approximately $3,761,774.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brian M. Krzanich sold 61,860 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $38.74, for a total value of $2,396,456.40. Following the transaction, the chief executive officer now owns 543,948 shares in the company, valued at $21,072,545.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,608 shares of company stock worth $3,095,110. Company insiders own 0.08% of the company’s stock.
Shares of Intel Corporation (NASDAQ INTC) opened at 39.63 on Monday. The stock has a 50 day moving average of $36.48 and a 200-day moving average of $35.78. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $39.89. The company has a market cap of $186.22 billion, a price-to-earnings ratio of 15.13 and a beta of 1.07.
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, topping analysts’ consensus estimates of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The company had revenue of $14.76 billion for the quarter, compared to analysts’ expectations of $14.39 billion. During the same period last year, the business earned $0.59 EPS. Intel Corporation’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, analysts forecast that Intel Corporation will post $3.01 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be paid a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Monday, November 6th. Intel Corporation’s dividend payout ratio (DPR) is presently 41.76%.
INTC has been the topic of several recent analyst reports. Vetr raised shares of Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $40.45 price objective on the stock in a research note on Monday, June 12th. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Intel Corporation in a research note on Friday, June 16th. BidaskClub lowered shares of Intel Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 16th. Bank of America Corporation lowered shares of Intel Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $42.00 to $38.00 in a research note on Wednesday, June 21st. Finally, Wells Fargo & Company reissued an “outperform” rating on shares of Intel Corporation in a research note on Tuesday, June 27th. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-five have given a buy rating to the company. Intel Corporation presently has an average rating of “Hold” and an average target price of $40.68.
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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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