Intel Corporation (INTC) Position Decreased by Cape ANN Savings Bank

Cape ANN Savings Bank reduced its position in shares of Intel Corporation (NASDAQ:INTC) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,669 shares of the chip maker’s stock after selling 300 shares during the period. Cape ANN Savings Bank’s holdings in Intel Corporation were worth $529,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of INTC. Watermark Asset Management Inc. acquired a new position in shares of Intel Corporation during the first quarter valued at about $113,000. Orrstown Financial Services Inc. increased its position in shares of Intel Corporation by 96.6% in the first quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock valued at $134,000 after buying an additional 1,830 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Intel Corporation by 53.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock valued at $146,000 after buying an additional 1,400 shares during the last quarter. Vigilant Capital Management LLC increased its position in shares of Intel Corporation by 22.6% in the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after buying an additional 805 shares during the last quarter. Finally, Security Asset Management acquired a new position in shares of Intel Corporation during the fourth quarter valued at about $162,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Intel Corporation (INTC) traded up 0.03% during mid-day trading on Friday, reaching $35.18. 7,942,073 shares of the company traded hands. The stock has a 50 day moving average price of $35.05 and a 200-day moving average price of $35.66. The company has a market capitalization of $165.31 billion, a P/E ratio of 13.43 and a beta of 1.01. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $38.45.

Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share 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 company had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $14.39 billion. During the same period in the prior year, the business earned $0.59 earnings per share. Intel Corporation’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts expect that Intel Corporation will post $3.01 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be given a $0.2725 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.09 annualized dividend and a dividend yield of 3.10%. Intel Corporation’s dividend payout ratio is 41.76%.

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Several brokerages have issued reports on INTC. B. Riley reissued a “buy” rating and set a $44.00 price objective on shares of Intel Corporation in a research report on Wednesday, May 3rd. Vetr raised shares of Intel Corporation from a “sell” rating to a “hold” rating and set a $35.44 price objective on the stock in a research report on Monday, May 1st. Jefferies Group LLC set a $38.00 price objective on shares of Intel Corporation and gave the stock a “hold” rating in a research report on Saturday, June 3rd. Zacks Investment Research raised shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Thursday. Finally, Cowen and Company reissued a “market perform” rating and set a $39.00 price objective on shares of Intel Corporation in a research report on Friday, April 28th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $40.55.

In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $36.40, for a total value of $51,833.60. Following the completion of the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at $55,910.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian M. Krzanich sold 72,173 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $33.69, for a total value of $2,431,508.37. Following the completion of the sale, the chief executive officer now directly owns 534,746 shares of the company’s stock, valued at $18,015,592.74. The disclosure for this sale can be found here. Insiders sold 91,921 shares of company stock valued at $3,130,162 over the last three months. 0.09% of the stock is owned by company insiders.

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).

Institutional Ownership by Quarter for Intel Corporation (NASDAQ:INTC)

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