Intel Corporation (INTC) Shares Sold by RiverPoint Capital Management LLC

RiverPoint Capital Management LLC reduced its stake in shares of Intel Corporation (NASDAQ:INTC) by 5.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,297 shares of the chip maker’s stock after selling 1,505 shares during the quarter. RiverPoint Capital Management LLC’s holdings in Intel Corporation were worth $887,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Summit Asset Management LLC grew its stake 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 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% during the second 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. Bank of Stockton grew its stake 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 valued at $550,000 after purchasing an additional 72 shares during the last quarter. Benin Management CORP grew its stake 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 valued at $879,000 after purchasing an additional 84 shares during the last quarter. Finally, Lourd Capital LLC grew its stake in shares of Intel Corporation by 1.1% during the first quarter. Lourd Capital LLC now owns 9,094 shares of the chip maker’s stock valued at $328,000 after purchasing an additional 99 shares during the last quarter. 66.90% of the stock is currently owned by institutional investors and hedge funds.

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In related news, CEO Brian M. Krzanich sold 61,860 shares of Intel Corporation stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the sale, the chief executive officer now directly owns 543,948 shares of the company’s stock, valued at approximately $21,072,545.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Diane M. Bryant sold 1,639 shares of Intel Corporation stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $40.91, for a total transaction of $67,051.49. Following the sale, the executive vice president now directly owns 113,086 shares in the company, valued at $4,626,348.26. The disclosure for this sale can be found here. Insiders sold a total of 659,036 shares of company stock valued at $28,872,880 over the last 90 days. Corporate insiders own 0.08% of the company’s stock.

Intel Corporation (NASDAQ INTC) opened at $44.62 on Tuesday. The company has a market cap of $209,220.00, a P/E ratio of 14.03, a PEG ratio of 1.63 and a beta of 1.09. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $47.30.

Intel Corporation (NASDAQ:INTC) last issued its earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating the consensus estimate of $0.80 by $0.21. The company had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $15.73 billion. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 EPS. sell-side analysts predict that Intel Corporation will post 3.25 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be given a $0.2725 dividend. This represents a $1.09 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Monday, November 6th. Intel Corporation’s payout ratio is presently 38.25%.

Several brokerages recently weighed in on INTC. Jefferies Group LLC restated an “underperform” rating and issued a $30.00 price objective (up from $29.00) on shares of Intel Corporation in a report on Friday, July 28th. They noted that the move was a valuation call. Sanford C. Bernstein set a $30.00 price objective on shares of Intel Corporation and gave the company a “sell” rating in a report on Tuesday, August 15th. Royal Bank Of Canada restated a “sector perform” rating and issued a $40.00 price objective (up from $37.00) on shares of Intel Corporation in a report on Friday, October 6th. KeyCorp restated a “buy” rating and issued a $50.00 price objective on shares of Intel Corporation in a report on Friday, October 27th. Finally, Needham & Company LLC restated a “buy” rating and issued a $43.00 price objective on shares of Intel Corporation in a report on Friday, October 27th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $43.40.

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).

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

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