Intel Corporation (INTC) Position Raised by Evergreen Capital Management LLC

Evergreen Capital Management LLC boosted its position in Intel Corporation (NASDAQ:INTC) by 31.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,004 shares of the chip maker’s stock after purchasing an additional 3,631 shares during the period. Evergreen Capital Management LLC’s holdings in Intel were worth $506,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Watermark Asset Management Inc. acquired a new stake in Intel in the first quarter valued at about $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in shares of Intel by 53.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock valued at $146,000 after acquiring an additional 1,400 shares during the period. Winfield Associates Inc. lifted its position in shares of Intel by 6.0% during the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after acquiring an additional 265 shares during the period. Vigilant Capital Management LLC lifted its position in shares of Intel by 22.6% during the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after acquiring an additional 805 shares during the period. Finally, Burt Wealth Advisors lifted its position in shares of Intel by 236.1% during the 2nd quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock valued at $166,000 after acquiring an additional 3,471 shares during the period. Hedge funds and other institutional investors own 67.70% of the company’s stock.

In other news, CEO Brian M. Krzanich sold 61,860 shares of the business’s stock in a transaction 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 completion of 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction of $39,323,708.82. The disclosure for this sale can be found here. Insiders sold a total of 1,548,914 shares of company stock valued at $68,196,589 over the last ninety days. 0.08% of the stock is owned by corporate insiders.

INTC has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Wednesday, September 6th. ValuEngine downgraded shares of Intel from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Vetr upgraded shares of Intel from a “buy” rating to a “strong-buy” rating and set a $41.56 price target for the company in a research report on Thursday, August 24th. Credit Suisse Group reiterated an “outperform” rating on shares of Intel in a research report on Thursday, August 31st. Finally, Stifel Nicolaus lifted their price target on shares of Intel from $41.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Five equities research 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’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $43.40.

Shares of Intel Corporation (NASDAQ INTC) opened at $44.68 on Monday. The company has a market cap of $209,102.41, a P/E ratio of 14.05, a price-to-earnings-growth ratio of 1.63 and a beta of 1.06. 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 (NASDAQ:INTC) last released its earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The firm had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $15.73 billion. Intel had a net margin of 22.31% and a return on equity of 22.65%. Intel’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 EPS. equities analysts anticipate that Intel Corporation will post 3.25 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th were paid a $0.2725 dividend. The ex-dividend date was Monday, November 6th. This represents a $1.09 annualized dividend and a yield of 2.44%. Intel’s payout ratio is currently 38.11%.

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Intel 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 (NASDAQ:INTC)

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