Intel Corporation (INTC) Shares Bought by Wetherby Asset Management Inc.
Wetherby Asset Management Inc. lifted its stake in Intel Corporation (NASDAQ:INTC) by 0.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,919 shares of the chip maker’s stock after acquiring an additional 127 shares during the quarter. Wetherby Asset Management Inc.’s holdings in Intel Corporation were worth $3,101,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Summit Asset Management LLC grew its stake in shares of Intel Corporation by 0.7% in the first quarter. Summit Asset Management LLC now owns 6,281 shares of the chip maker’s stock worth $227,000 after acquiring an additional 46 shares during the period. Conservest Capital Advisors Inc. grew its stake in shares of Intel Corporation by 0.6% in the second quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock worth $302,000 after acquiring an additional 51 shares during the period. Hudock Capital Group LLC grew its stake in shares of Intel Corporation by 0.4% in the first quarter. Hudock Capital Group LLC now owns 12,570 shares of the chip maker’s stock worth $453,000 after acquiring an additional 53 shares during the period. Bank of Stockton grew its stake in shares of Intel Corporation by 0.4% in the second quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock worth $550,000 after acquiring an additional 72 shares during the period. Finally, Benin Management CORP grew its stake in shares of Intel Corporation by 0.3% in the second quarter. Benin Management CORP now owns 26,055 shares of the chip maker’s stock worth $879,000 after acquiring an additional 84 shares during the period. Hedge funds and other institutional investors own 67.07% of the company’s stock.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.21. The business had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $15.73 billion. Intel Corporation had a return on equity of 22.65% and a net margin of 22.31%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS.
The business also recently disclosed 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. This represents a $1.09 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Monday, November 6th. Intel Corporation’s payout ratio is presently 38.11%.
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INTC has been the topic of a number of research reports. B. Riley reissued a “buy” rating and issued a $46.00 price objective on shares of Intel Corporation in a report on Friday, July 28th. Summit Redstone reissued a “hold” rating on shares of Intel Corporation in a report on Saturday, July 22nd. BMO Capital Markets reissued a “market perform” rating and issued a $34.00 price objective on shares of Intel Corporation in a report on Sunday, July 30th. Hilliard Lyons initiated coverage on shares of Intel Corporation in a report on Wednesday, July 12th. They issued a “buy” rating and a $41.00 price objective on the stock. Finally, Robert W. Baird reissued an “outperform” rating and issued a $42.00 price objective on shares of Intel Corporation in a report on Thursday, July 13th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $43.00.
In related news, Chairman Andy D. Bryant sold 89,087 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $44.80, for a total transaction of $3,991,097.60. Following the completion of the sale, the chairman now owns 428,789 shares in the company, valued at $19,209,747.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Brian M. Krzanich sold 61,860 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $38.74, for a total value of $2,396,456.40. Following the sale, the chief executive officer now owns 543,948 shares of the company’s stock, valued at approximately $21,072,545.52. The disclosure for this sale can be found here. Insiders sold a total of 659,036 shares of company stock valued at $28,858,170 in the last quarter. Company insiders own 0.08% of the company’s stock.
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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