Intel Corporation (INTC) Shares Sold by Wheatland Advisors Inc.
Wheatland Advisors Inc. lowered its stake in shares of Intel Corporation (NASDAQ:INTC) by 3.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 56,144 shares of the chip maker’s stock after selling 1,898 shares during the period. Intel Corporation makes up approximately 1.7% of Wheatland Advisors Inc.’s holdings, making the stock its 20th biggest position. Wheatland Advisors Inc.’s holdings in Intel Corporation were worth $1,894,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Watermark Asset Management Inc. bought a new position in shares of Intel Corporation in the 1st quarter worth approximately $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of Intel Corporation by 53.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after purchasing an additional 1,400 shares during the period. Orrstown Financial Services Inc. lifted its stake in shares of Intel Corporation by 23.0% in the 2nd quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock worth $155,000 after purchasing an additional 857 shares during the period. Winfield Associates Inc. lifted its stake in shares of Intel Corporation by 6.0% in the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after purchasing an additional 265 shares during the period. Finally, Vigilant Capital Management LLC lifted its stake in shares of Intel Corporation by 22.6% in the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after purchasing an additional 805 shares during the period. Institutional investors and hedge funds own 67.07% of the company’s stock.
Intel Corporation (NASDAQ:INTC) last issued its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.21. Intel Corporation had a return on equity of 22.65% and a net margin of 22.31%. The business had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. During the same quarter last year, the company earned $0.80 EPS. The business’s quarterly revenue was up 2.4% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be given a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio (DPR) is presently 38.11%.
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In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $36.40, for a total transaction of $51,833.60. Following the sale, the insider now owns 1,536 shares of the company’s stock, valued at approximately $55,910.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Diane M. Bryant sold 570 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $44.49, for a total value of $25,359.30. Following the sale, the executive vice president now directly owns 110,850 shares in the company, valued at approximately $4,931,716.50. The disclosure for this sale can be found here. Insiders have sold a total of 659,036 shares of company stock worth $28,858,170 in the last three months. Corporate insiders own 0.08% of the company’s stock.
Several equities analysts have recently weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $46.00 price objective on shares of Intel Corporation in a research note on Friday, July 28th. BMO Capital Markets upgraded shares of Intel Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $43.00 price objective (up previously from $39.00) on shares of Intel Corporation in a research note on Friday, October 27th. BidaskClub upgraded shares of Intel Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, Vetr cut shares of Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.26 price objective on the stock. in a research note on Tuesday, August 8th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $43.00.
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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