Intel Corporation (INTC) Position Reduced by MV Capital Management Inc.

MV Capital Management Inc. decreased its stake in Intel Corporation (NASDAQ:INTC) by 5.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,634 shares of the chip maker’s stock after selling 511 shares during the quarter. MV Capital Management Inc.’s holdings in Intel Corporation were worth $325,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in INTC. Watermark Asset Management Inc. acquired a new position in Intel Corporation in the first quarter worth $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in 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 worth $146,000 after purchasing an additional 1,400 shares in the last quarter. Orrstown Financial Services Inc. boosted its stake in Intel Corporation by 23.0% in the second quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock worth $155,000 after purchasing an additional 857 shares in the last quarter. Winfield Associates Inc. boosted its stake in Intel Corporation by 6.0% in the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after purchasing an additional 265 shares in the last quarter. Finally, Vigilant Capital Management LLC boosted its stake in Intel Corporation by 22.6% in the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after purchasing an additional 805 shares in the last quarter. 67.07% of the stock is currently owned by institutional investors and hedge funds.

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A number of equities analysts have commented on INTC shares. Canaccord Genuity reissued a “hold” rating and issued a $38.00 price objective on shares of Intel Corporation in a research note on Tuesday, July 4th. Credit Suisse Group reissued a “neutral” rating and issued a $35.00 price objective on shares of Intel Corporation in a research note on Tuesday, July 4th. Wells Fargo & Company reissued an “outperform” rating and issued a $45.00 price objective on shares of Intel Corporation in a research note on Tuesday, July 4th. BidaskClub lowered Intel Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 5th. Finally, Jefferies Group LLC lowered Intel Corporation from a “hold” rating to an “underperform” rating and reduced their price objective for the stock from $29.00 to $28.00 in a research note on Monday, July 10th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $42.80.

Intel Corporation (INTC) opened at 44.40 on Monday. The company has a market cap of $208.64 billion, a price-to-earnings ratio of 16.95 and a beta of 1.07. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $45.00. The firm’s 50-day moving average price is $38.72 and its 200-day moving average price is $36.29.

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 the consensus estimate of $0.80 by $0.21. The firm had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. Intel Corporation had a return on equity of 22.65% and a net margin of 22.31%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.80 earnings per share. Equities research analysts forecast that Intel Corporation will post $3.01 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be given a dividend of $0.2725 per share. The ex-dividend date is Monday, November 6th. This represents a $1.09 annualized dividend and a dividend yield of 2.45%. Intel Corporation’s dividend payout ratio is currently 38.11%.

In other Intel Corporation news, EVP Diane M. Bryant sold 2,119 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $41.06, for a total transaction of $87,006.14. Following the sale, the executive vice president now owns 114,091 shares in the company, valued at $4,684,576.46. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brian M. Krzanich sold 61,860 shares of the stock in a transaction 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 sale, the chief executive officer now owns 543,948 shares in the company, valued at approximately $21,072,545.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,042 shares of company stock worth $2,602,348. Company insiders own 0.08% of the company’s stock.

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

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