Intel Corporation (INTC) Holdings Reduced by Adell Harriman & Carpenter Inc.
Adell Harriman & Carpenter Inc. cut its position in Intel Corporation (NASDAQ:INTC) by 10.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 155,678 shares of the chip maker’s stock after selling 18,899 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Intel Corporation were worth $5,253,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Watermark Asset Management Inc. acquired a new position in Intel Corporation in the first quarter valued at about $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in 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 valued at $146,000 after buying an additional 1,400 shares in the last quarter. Vigilant Capital Management LLC boosted its position in Intel Corporation by 22.6% in the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after buying an additional 805 shares in the last quarter. Orrstown Financial Services Inc. boosted its position in Intel Corporation by 23.0% in the second quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock valued at $155,000 after buying an additional 857 shares in the last quarter. Finally, Winfield Associates Inc. boosted its position in Intel Corporation by 6.0% in the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after buying an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 67.17% of the company’s stock.
Shares of Intel Corporation (NASDAQ INTC) opened at $44.63 on Friday. The company has a market cap of $208,868.41, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 1.63 and a beta of 1.09. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $47.30.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. The firm had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $15.73 billion. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.80 earnings per share. equities research analysts expect that Intel Corporation will post 3.25 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 dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio is presently 38.11%.
In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total transaction of $66,543.52. Following the completion of the sale, the insider now owns 1,536 shares in the company, valued at approximately $71,777.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Stacy J. Smith sold 472,337 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the sale, the insider now owns 265,298 shares of the company’s stock, valued at approximately $11,734,130.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 659,036 shares of company stock valued at $28,872,880. 0.08% of the stock is currently owned by corporate insiders.
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A number of equities analysts have commented on INTC shares. Summit Redstone restated a “hold” rating on shares of Intel Corporation in a research report on Saturday, July 22nd. BidaskClub upgraded shares of Intel Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Intel Corporation in a research report on Friday, July 28th. Northland Securities set a $40.00 target price on shares of Intel Corporation and gave the stock a “hold” rating in a research report on Friday, July 28th. Finally, Loop Capital reiterated a “buy” rating and set a $45.00 target price (up from $43.00) on shares of Intel Corporation in a research report on Friday, July 28th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Intel Corporation presently has an average rating of “Buy” and an average price target of $43.40.
Intel Corporation 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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