Joel Isaacson & Co. LLC Raises Stake in Intel Corporation (INTC)

Joel Isaacson & Co. LLC lifted its position in shares of Intel Corporation (NASDAQ:INTC) by 0.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,182 shares of the chip maker’s stock after purchasing an additional 1 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Intel Corporation were worth $748,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Summit Asset Management LLC raised its position in shares of Intel Corporation by 0.7% during the first quarter. Summit Asset Management LLC now owns 6,281 shares of the chip maker’s stock worth $227,000 after purchasing an additional 46 shares during the period. Conservest Capital Advisors Inc. raised its position in shares of Intel Corporation by 0.6% during the second quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock worth $302,000 after purchasing an additional 51 shares during the period. Hudock Capital Group LLC raised its position in shares of Intel Corporation by 0.4% during the first quarter. Hudock Capital Group LLC now owns 12,570 shares of the chip maker’s stock worth $453,000 after purchasing an additional 53 shares during the period. Bank of Stockton raised its position in shares of Intel Corporation by 0.4% during the second quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock worth $550,000 after purchasing an additional 72 shares during the period. Finally, Benin Management CORP raised its position in shares of Intel Corporation by 0.3% during the second quarter. Benin Management CORP now owns 26,055 shares of the chip maker’s stock worth $879,000 after purchasing an additional 84 shares during the period. 67.07% of the stock is currently owned by institutional investors.

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 target price on shares of Intel Corporation in a research report on Wednesday. Canaccord Genuity increased their price target on Intel Corporation from $38.00 to $41.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Sanford C. Bernstein set a $34.00 price target on Intel Corporation and gave the company a “sell” rating in a research report on Friday, October 27th. BMO Capital Markets raised Intel Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $50.00 price target (up from $45.00) on shares of Intel Corporation in a research report on Friday, October 27th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $42.91.

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Shares of Intel Corporation (NASDAQ:INTC) opened at 45.49 on Wednesday. The company has a market capitalization of $213.76 billion, a price-to-earnings ratio of 17.36 and a beta of 1.07. The stock has a 50 day moving average price of $39.24 and a 200-day moving average price of $36.43. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $45.80.

Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.21. Intel Corporation had a return on equity of 22.65% and a net margin of 22.31%. The firm had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. During the same period in the prior year, the business posted $0.80 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Analysts expect that Intel Corporation will post $3.24 earnings per share for the current fiscal year.

The firm also recently declared 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 payout ratio is 38.11%.

In related news, Chairman Andy D. Bryant sold 89,087 shares of the stock in a transaction that occurred on 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 transaction, the chairman now owns 428,789 shares of the company’s stock, valued at $19,209,747.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Diane M. Bryant sold 570 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $44.49, for a total value of $25,359.30. Following the completion of the transaction, the executive vice president now directly owns 110,850 shares in the company, valued at approximately $4,931,716.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 659,036 shares of company stock worth $28,858,170. Company insiders own 0.08% of the company’s stock.

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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