Harvest Group Wealth Management LLC trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 45.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 528 shares of the chip maker’s stock after selling 440 shares during the period. Harvest Group Wealth Management LLC’s holdings in Intel were worth $25,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently added to or reduced their stakes in the business. Tributary Capital Management LLC bought a new stake in shares of Intel in the fourth quarter valued at about $28,000. Ogorek Anthony Joseph NY ADV boosted its position in shares of Intel by 500.0% in the second quarter. Ogorek Anthony Joseph NY ADV now owns 600 shares of the chip maker’s stock valued at $28,000 after acquiring an additional 500 shares during the period. Global Trust Asset Management LLC boosted its position in shares of Intel by 273.2% in the second quarter. Global Trust Asset Management LLC now owns 3,336 shares of the chip maker’s stock valued at $45,000 after acquiring an additional 2,442 shares during the period. Virtus ETF Advisers LLC bought a new stake in shares of Intel in the fourth quarter valued at about $48,000. Finally, Stevens First Principles Investment Advisors bought a new stake in shares of Intel in the fourth quarter valued at about $53,000. Hedge funds and other institutional investors own 66.46% of the company’s stock.
A number of brokerages have recently issued reports on INTC. Wells Fargo & Co reduced their target price on shares of Intel from $60.00 to $55.00 and set a “market perform” rating for the company in a research report on Thursday, May 9th. Royal Bank of Canada reissued an “underperform” rating and issued a $47.00 target price (up previously from $41.00) on shares of Intel in a research report on Friday, July 26th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $64.00 target price on shares of Intel in a research report on Friday, July 26th. Citigroup reissued a “neutral” rating and issued a $53.00 target price (up previously from $50.00) on shares of Intel in a research report on Friday, July 26th. Finally, Benchmark began coverage on shares of Intel in a research report on Tuesday, July 23rd. They issued a “hold” rating for the company. Ten research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nineteen have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $54.19.
Intel (NASDAQ:INTC) last posted its earnings results on Thursday, July 25th. The chip maker reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.17. The firm had revenue of $16.51 billion during the quarter, compared to analysts’ expectations of $15.70 billion. Intel had a net margin of 28.05% and a return on equity of 28.84%. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.04 earnings per share. As a group, equities analysts predict that Intel Co. will post 4.37 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th will be issued a $0.315 dividend. The ex-dividend date is Tuesday, August 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.76%. Intel’s dividend payout ratio (DPR) is currently 27.51%.
In other news, Director Reed E. Hundt sold 10,000 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $52.45, for a total value of $524,500.00. Following the completion of the transaction, the director now owns 44,400 shares of the company’s stock, valued at $2,328,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frank D. Yeary sold 2,509 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $50.92, for a total transaction of $127,758.28. The disclosure for this sale can be found here. Insiders sold 36,524 shares of company stock valued at $1,844,221 in the last three months. Company insiders own 0.02% of the company’s stock.
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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