Intel Corporation (INTC) Shares Sold by Adirondack Trust Co.

Adirondack Trust Co. lessened its stake in shares of Intel Corporation (NASDAQ:INTC) by 12.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,895 shares of the chip maker’s stock after selling 7,725 shares during the period. Intel Corporation comprises about 1.5% of Adirondack Trust Co.’s holdings, making the stock its 17th biggest position. Adirondack Trust Co.’s holdings in Intel Corporation were worth $1,818,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of INTC. Summit Asset Management LLC boosted its position in 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. boosted its position in 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 boosted its position in 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 boosted its position in 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 boosted its position in 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. Institutional investors and hedge funds own 67.07% of the company’s stock.

A number of equities analysts have weighed in on INTC shares. Canaccord Genuity reiterated a “buy” rating and set a $38.00 target price on shares of Intel Corporation in a research report on Wednesday, July 12th. Hilliard Lyons started coverage on shares of Intel Corporation in a research report on Wednesday, July 12th. They set a “buy” rating and a $41.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and set a $43.00 target price on shares of Intel Corporation in a research report on Wednesday, July 12th. Stifel Nicolaus reiterated a “buy” rating and set a $39.00 target price on shares of Intel Corporation in a research report on Friday, July 14th. Finally, MKM Partners reiterated a “buy” rating and set a $42.00 target price on shares of Intel Corporation in a research report on Tuesday, July 18th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $43.00.

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In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $36.40, for a total transaction of $51,833.60. Following the completion of the sale, the insider now owns 1,536 shares of the company’s stock, valued at approximately $55,910.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stacy J. Smith sold 472,337 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the sale, the insider now directly owns 265,298 shares of the company’s stock, valued at approximately $11,734,130.54. The disclosure for this sale can be found here. In the last three months, insiders sold 659,036 shares of company stock valued at $28,858,170. 0.08% of the stock is owned by insiders.

Intel Corporation (INTC) opened at $46.34 on Friday. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $47.30. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. The firm has a market capitalization of $216,871.20, a PE ratio of 14.57, a price-to-earnings-growth ratio of 1.70 and a beta of 1.09.

Intel Corporation (NASDAQ:INTC) last issued its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. During the same quarter in the previous year, the firm earned $0.80 EPS. Intel Corporation’s revenue was up 2.4% on a year-over-year basis. equities analysts forecast that Intel Corporation will post 3.25 earnings per share for the current year.

The firm 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 $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio (DPR) is 38.11%.

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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