Twin Capital Management Inc. Sells 62,430 Shares of Intel Corporation (INTC)
Twin Capital Management Inc. decreased its holdings in Intel Corporation (NASDAQ:INTC) by 15.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 331,810 shares of the chip maker’s stock after selling 62,430 shares during the quarter. Twin Capital Management Inc.’s holdings in Intel Corporation were worth $11,195,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Murphy Capital Management Inc. grew its position in Intel Corporation by 18.4% in the second quarter. Murphy Capital Management Inc. now owns 31,721 shares of the chip maker’s stock worth $1,070,000 after buying an additional 4,928 shares during the last quarter. Papp L Roy & Associates grew its position in Intel Corporation by 1.2% in the second quarter. Papp L Roy & Associates now owns 68,065 shares of the chip maker’s stock worth $2,297,000 after buying an additional 800 shares during the last quarter. Crescent Grove Advisors LLC acquired a new position in Intel Corporation in the second quarter worth approximately $555,000. United Bank grew its position in Intel Corporation by 108.0% in the second quarter. United Bank now owns 43,841 shares of the chip maker’s stock worth $1,479,000 after buying an additional 22,765 shares during the last quarter. Finally, Chicago Partners Investment Group LLC grew its position in Intel Corporation by 182.1% in the second quarter. Chicago Partners Investment Group LLC now owns 15,097 shares of the chip maker’s stock worth $530,000 after buying an additional 9,746 shares during the last quarter. Hedge funds and other institutional investors own 66.90% of the company’s stock.
Several research analysts have issued reports on the stock. B. Riley restated a “buy” rating and issued a $46.00 price target on shares of Intel Corporation in a research report on Friday, July 28th. BidaskClub upgraded shares of Intel Corporation from a “hold” rating to a “buy” rating in a research report 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 report on Tuesday, August 8th. Canaccord Genuity lifted their price target on shares of Intel Corporation from $41.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, November 17th. Finally, Sanford C. Bernstein set a $30.00 price objective on shares of Intel Corporation and gave the stock a “sell” rating in a research report on Tuesday, August 15th. Five 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 assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $43.40.
In other news, insider Stacy J. Smith sold 472,337 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the completion of the sale, the insider now owns 265,298 shares in the company, valued at approximately $11,734,130.54. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total transaction of $66,543.52. Following the sale, the insider now owns 1,536 shares of the company’s stock, valued at approximately $71,777.28. 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.
Intel Corporation (NASDAQ INTC) opened at $44.65 on Thursday. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $47.30. The company has a market cap of $210,319.19, a PE ratio of 14.13, a PEG ratio of 1.64 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 (NASDAQ:INTC) last posted its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. The company 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%. Intel Corporation’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.80 EPS. sell-side analysts expect that Intel Corporation will post 3.25 earnings per share 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 of this dividend is Monday, November 6th. Intel Corporation’s dividend payout ratio is presently 38.11%.
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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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