Mascoma Wealth Management LLC Increases Holdings in Intel Corporation (INTC)
Mascoma Wealth Management LLC raised its stake in Intel Corporation (NASDAQ:INTC) by 63.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,289 shares of the chip maker’s stock after buying an additional 18,332 shares during the quarter. Intel Corporation comprises approximately 1.1% of Mascoma Wealth Management LLC’s investment portfolio, making the stock its 18th biggest holding. Mascoma Wealth Management LLC’s holdings in Intel Corporation were worth $1,596,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Summit Asset Management LLC lifted its stake in Intel Corporation by 0.7% in the first quarter. Summit Asset Management LLC now owns 6,281 shares of the chip maker’s stock valued at $227,000 after buying an additional 46 shares in the last quarter. First Hawaiian Bank lifted its stake in Intel Corporation by 0.9% in the first quarter. First Hawaiian Bank now owns 5,769 shares of the chip maker’s stock valued at $208,000 after buying an additional 50 shares in the last quarter. Conservest Capital Advisors Inc. lifted its stake in Intel Corporation by 0.6% in the second quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock valued at $302,000 after buying an additional 51 shares in the last quarter. Hudock Capital Group LLC lifted its stake in Intel Corporation by 0.4% in the first quarter. Hudock Capital Group LLC now owns 12,570 shares of the chip maker’s stock valued at $453,000 after buying an additional 53 shares in the last quarter. Finally, Lederer & Associates Investment Counsel CA lifted its stake in Intel Corporation by 0.9% in the first quarter. Lederer & Associates Investment Counsel CA now owns 9,345 shares of the chip maker’s stock valued at $337,000 after buying an additional 80 shares in the last quarter. 67.03% of the stock is currently owned by hedge funds and other institutional investors.
In other Intel Corporation news, EVP Diane M. Bryant sold 1,639 shares of Intel Corporation stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $34.65, for a total value of $56,791.35. Following the transaction, the executive vice president now directly owns 114,542 shares of the company’s stock, valued at approximately $3,968,880.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian M. Krzanich sold 61,860 shares of Intel Corporation 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 completion of the transaction, the chief executive officer now directly owns 543,948 shares in the company, valued at $21,072,545.52. The disclosure for this sale can be found here. Insiders sold a total of 81,608 shares of company stock worth $3,095,110 over the last ninety days. Insiders own 0.08% of the company’s stock.
Intel Corporation (NASDAQ INTC) traded up 0.25% during mid-day trading on Friday, reaching $39.63. 18,887,536 shares of the company’s stock were exchanged. The stock has a market cap of $186.22 billion, a price-to-earnings ratio of 15.13 and a beta of 1.07. Intel Corporation has a one year low of $33.23 and a one year high of $39.89. The stock has a 50-day moving average of $36.48 and a 200-day moving average of $35.78.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. The business had revenue of $14.76 billion for the quarter, compared to analysts’ expectations of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 EPS. On average, equities research analysts anticipate that Intel Corporation will post $3.01 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be paid a $0.2725 dividend. The ex-dividend date is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a yield of 2.75%. Intel Corporation’s dividend payout ratio (DPR) is currently 41.76%.
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A number of research analysts have weighed in on the stock. B. Riley reaffirmed a “buy” rating and issued a $46.00 price target on shares of Intel Corporation in a research note on Friday, July 28th. BidaskClub raised shares of Intel Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Vetr lowered shares of Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.26 price target on the stock. in a research note on Tuesday, August 8th. Sanford C. Bernstein set a $30.00 price target on shares of Intel Corporation and gave the company a “sell” rating in a research note on Tuesday, August 15th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “hold” rating on shares of Intel Corporation in a research note on Wednesday, August 9th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $40.59.
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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