Intel Corporation (INTC) Shares Sold by Peoples Bank OH
Peoples Bank OH cut its holdings in Intel Corporation (NASDAQ:INTC) by 7.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,996 shares of the chip maker’s stock after selling 788 shares during the quarter. Peoples Bank OH’s holdings in Intel Corporation were worth $337,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the business. Glenview Capital Management LLC acquired a new position in shares of Intel Corporation in the first quarter valued at about $177,881,000. DnB Asset Management AS increased its holdings in shares of Intel Corporation by 72.2% in the second quarter. DnB Asset Management AS now owns 9,355,948 shares of the chip maker’s stock valued at $315,670,000 after purchasing an additional 3,922,470 shares during the period. Gotham Asset Management LLC increased its holdings in shares of Intel Corporation by 112.1% in the first quarter. Gotham Asset Management LLC now owns 1,741,166 shares of the chip maker’s stock valued at $62,804,000 after purchasing an additional 920,285 shares during the period. Hamlin Capital Management LLC increased its holdings in shares of Intel Corporation by 64.3% in the second quarter. Hamlin Capital Management LLC now owns 2,257,617 shares of the chip maker’s stock valued at $76,172,000 after purchasing an additional 883,525 shares during the period. Finally, Pictet Asset Management Ltd. increased its holdings in shares of Intel Corporation by 11.9% in the first quarter. Pictet Asset Management Ltd. now owns 8,323,744 shares of the chip maker’s stock valued at $300,238,000 after purchasing an additional 882,905 shares during the period. Institutional investors own 67.02% of the company’s stock.
A number of research analysts have recently weighed in on INTC shares. Zacks Investment Research raised Intel Corporation from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Wednesday, September 6th. ValuEngine lowered Intel Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Vetr raised Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $41.56 price objective on the stock in a report on Thursday, August 24th. Credit Suisse Group reissued an “outperform” rating on shares of Intel Corporation in a report on Thursday, August 31st. Finally, BidaskClub raised Intel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.94.
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In related news, CEO Brian M. Krzanich sold 61,860 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 543,948 shares in the company, valued at approximately $21,072,545.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Diane M. Bryant sold 1,639 shares of the stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $34.65, for a total value of $56,791.35. Following the completion of the sale, the executive vice president now owns 114,542 shares of the company’s stock, valued at $3,968,880.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,608 shares of company stock valued at $3,095,110. 0.08% of the stock is owned by insiders.
Intel Corporation (INTC) opened at 40.25 on Thursday. The firm has a market capitalization of $189.13 billion, a PE ratio of 15.36 and a beta of 1.07. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $40.29. The company’s 50-day moving average price is $37.61 and its 200 day moving average price is $36.03.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The firm had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $14.39 billion. During the same period in the prior year, the firm earned $0.59 EPS. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities analysts anticipate that Intel Corporation will post $3.01 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be issued a $0.2725 dividend. The ex-dividend date is Monday, November 6th. This represents a $1.09 annualized dividend and a yield of 2.71%. Intel Corporation’s dividend payout ratio is currently 41.76%.
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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