Sigma Investment Counselors Inc. Reduces Position in Intel Corporation (INTC)

Sigma Investment Counselors Inc. lessened its position in shares of Intel Corporation (NASDAQ:INTC) by 3.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,393 shares of the chip maker’s stock after selling 394 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Intel Corporation were worth $384,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in INTC. Summit Asset Management LLC grew its stake in shares of Intel Corporation by 0.7% in the 1st quarter. Summit Asset Management LLC now owns 6,281 shares of the chip maker’s stock valued at $227,000 after purchasing an additional 46 shares during the last quarter. Conservest Capital Advisors Inc. grew its stake in shares of Intel Corporation by 0.6% in the 2nd quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock valued at $302,000 after purchasing an additional 51 shares during the last quarter. Hudock Capital Group LLC grew its stake in shares of Intel Corporation by 0.4% in the 1st quarter. Hudock Capital Group LLC now owns 12,570 shares of the chip maker’s stock valued at $453,000 after purchasing an additional 53 shares during the last quarter. Bank of Stockton grew its stake in shares of Intel Corporation by 0.4% in the 2nd quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock valued at $550,000 after purchasing an additional 72 shares during the last quarter. Finally, Benin Management CORP grew its stake in shares of Intel Corporation by 0.3% in the 2nd quarter. Benin Management CORP now owns 26,055 shares of the chip maker’s stock valued at $879,000 after purchasing an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 67.07% of the company’s stock.

INTC has been the topic of several analyst reports. Zacks Investment Research upgraded Intel Corporation from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Wednesday, September 6th. ValuEngine downgraded Intel Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Vetr upgraded Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $41.56 target price on the stock in a research note on Thursday, August 24th. Credit Suisse Group reiterated an “outperform” rating on shares of Intel Corporation in a research note on Thursday, August 31st. Finally, Stifel Nicolaus lifted their target price on Intel Corporation from $41.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $43.00.

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Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings results 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 company 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 firm’s revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business posted $0.80 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be given a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio (DPR) is presently 38.11%.

In related news, Director David B. Yoffie sold 30,000 shares of Intel Corporation stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $44.93, for a total transaction of $1,347,900.00. Following the sale, the director now directly owns 50,005 shares of the company’s stock, valued at $2,246,724.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of Intel Corporation stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $36.40, for a total value of $51,833.60. Following the sale, the insider now directly owns 1,536 shares in the company, valued at $55,910.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 659,036 shares of company stock worth $28,858,170. 0.08% of the stock is owned by company insiders.

Intel Corporation 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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