Intel Corporation (INTC) Shares Sold by Chartwell Investment Partners LLC
Chartwell Investment Partners LLC reduced its holdings in shares of Intel Corporation (NASDAQ:INTC) by 6.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 548,560 shares of the chip maker’s stock after selling 39,490 shares during the period. Chartwell Investment Partners LLC’s holdings in Intel Corporation were worth $18,508,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of INTC. Breton Hill Capital Ltd. purchased a new position in Intel Corporation during the 1st quarter worth $436,000. Oakworth Capital Inc. increased its holdings in Intel Corporation by 0.7% during the 1st quarter. Oakworth Capital Inc. now owns 33,799 shares of the chip maker’s stock worth $1,218,000 after purchasing an additional 249 shares during the period. Palo Capital Inc. increased its holdings in Intel Corporation by 144.1% during the 1st quarter. Palo Capital Inc. now owns 16,095 shares of the chip maker’s stock worth $581,000 after purchasing an additional 9,502 shares during the period. Meyer Handelman Co. increased its holdings in Intel Corporation by 3.0% during the 1st quarter. Meyer Handelman Co. now owns 795,811 shares of the chip maker’s stock worth $28,704,000 after purchasing an additional 23,433 shares during the period. Finally, Hamlin Capital Management LLC increased its holdings in Intel Corporation by 21.6% during the 1st quarter. Hamlin Capital Management LLC now owns 1,374,092 shares of the chip maker’s stock worth $49,563,000 after purchasing an additional 244,497 shares during the period. 67.17% of the stock is owned by hedge funds and other institutional investors.
In related news, Chairman Andy D. Bryant sold 89,087 shares of Intel Corporation stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $44.80, for a total value of $3,991,097.60. Following the completion of the transaction, the chairman now owns 428,789 shares in the company, valued at approximately $19,209,747.20. The sale 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 Intel Corporation stock in a transaction dated Monday, October 2nd. The shares were 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 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. In the last three months, insiders sold 659,036 shares of company stock valued at $28,872,880. Insiders own 0.08% of the company’s stock.
Several research analysts have commented on the company. B. Riley restated a “buy” rating and set a $46.00 price objective on shares of Intel Corporation in a report on Friday, July 28th. BidaskClub upgraded Intel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Vetr downgraded Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.26 price target on the stock. in a report on Tuesday, August 8th. Sanford C. Bernstein set a $30.00 price target on Intel Corporation and gave the company a “sell” rating in a report on Tuesday, August 15th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “hold” rating on shares of Intel Corporation in a report on Wednesday, August 9th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $43.28.
Intel Corporation (NASDAQ:INTC) opened at $45.46 on Thursday. The stock has a market capitalization of $214,624.80, a PE ratio of 14.42, a PEG ratio of 1.68 and a beta of 1.09. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. Intel Corporation has a fifty-two week low of $33.23 and a fifty-two week high of $47.30.
Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm 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 disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be issued a $0.2725 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 annualized dividend and a dividend yield of 2.40%. Intel Corporation’s dividend payout ratio (DPR) is presently 38.11%.
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Intel Corporation Company 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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