North Point Portfolio Managers Corp OH Holds Stake in Intel Corporation (INTC)

North Point Portfolio Managers Corp OH held its position in shares of Intel Corporation (NASDAQ:INTC) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,940 shares of the chip maker’s stock at the close of the second quarter. North Point Portfolio Managers Corp OH’s holdings in Intel Corporation were worth $268,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of INTC. Lederer & Associates Investment Counsel CA raised its stake in shares of Intel Corporation by 0.9% during the first quarter. Lederer & Associates Investment Counsel CA now owns 9,345 shares of the chip maker’s stock valued at $337,000 after purchasing an additional 80 shares during the period. Mount Vernon Associates Inc. MD raised its stake in shares of Intel Corporation by 0.4% during the first quarter. Mount Vernon Associates Inc. MD now owns 44,875 shares of the chip maker’s stock valued at $1,619,000 after purchasing an additional 200 shares during the period. Ledyard National Bank raised its stake in shares of Intel Corporation by 3.5% during the first quarter. Ledyard National Bank now owns 366,299 shares of the chip maker’s stock valued at $13,213,000 after purchasing an additional 12,374 shares during the period. Johanson Financial Advisors Inc. purchased a new stake in shares of Intel Corporation during the first quarter valued at approximately $962,000. Finally, Hengehold Capital Management LLC raised its stake in shares of Intel Corporation by 0.4% during the first quarter. Hengehold Capital Management LLC now owns 54,309 shares of the chip maker’s stock valued at $1,959,000 after purchasing an additional 239 shares during the period. Hedge funds and other institutional investors own 67.02% of the company’s stock.

In other Intel Corporation news, CEO Brian M. Krzanich sold 61,860 shares of the firm’s 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Venkata S. M. Renduchintala sold 13,996 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $35.47, for a total value of $496,438.12. Following the completion of the transaction, the insider now owns 1,536 shares of the company’s stock, valued at $54,481.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,608 shares of company stock valued at $3,095,110. Corporate insiders own 0.08% of the company’s stock.

Shares of Intel Corporation (INTC) opened at 39.30 on Thursday. The company has a market cap of $184.67 billion, a PE ratio of 15.00 and a beta of 1.07. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $39.95. The company has a 50 day moving average price of $36.89 and a 200 day moving average price of $35.88.

Intel Corporation (NASDAQ:INTC) last announced its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. During the same quarter last year, the firm earned $0.59 EPS. Intel Corporation’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities analysts expect 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 2.77%. Intel Corporation’s dividend payout ratio is 41.76%.

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INTC has been the topic of a number of analyst reports. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Intel Corporation in a research note on Friday, June 16th. BidaskClub lowered shares of Intel Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 16th. Bank of America Corporation lowered shares of Intel Corporation from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $42.00 to $38.00 in a research note on Wednesday, June 21st. Wells Fargo & Company reiterated an “outperform” rating on shares of Intel Corporation in a research note on Tuesday, June 27th. Finally, Canaccord Genuity reiterated a “hold” rating and set a $38.00 price objective on shares of Intel Corporation in a research note on Tuesday, July 4th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $40.75.

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).

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

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