Gilman Hill Asset Management LLC lessened its stake in Intel Co. (NASDAQ:INTC) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,019 shares of the chip maker’s stock after selling 850 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Intel were worth $877,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INTC. Delta Asset Management LLC TN increased its position in Intel by 0.9% during the 2nd quarter. Delta Asset Management LLC TN now owns 23,170 shares of the chip maker’s stock worth $1,109,000 after buying an additional 200 shares during the period. Mount Vernon Associates Inc. MD increased its position in Intel by 0.4% during the 2nd quarter. Mount Vernon Associates Inc. MD now owns 46,004 shares of the chip maker’s stock worth $2,202,000 after buying an additional 200 shares during the period. Forte Capital LLC ADV increased its position in Intel by 2.0% during the 3rd quarter. Forte Capital LLC ADV now owns 10,263 shares of the chip maker’s stock worth $529,000 after buying an additional 201 shares during the period. NTV Asset Management LLC increased its position in Intel by 0.7% during the 2nd quarter. NTV Asset Management LLC now owns 28,219 shares of the chip maker’s stock worth $1,351,000 after buying an additional 208 shares during the period. Finally, Landsberg Bennett & Dubbaneh LLC increased its position in Intel by 3.0% during the 2nd quarter. Landsberg Bennett & Dubbaneh LLC now owns 7,066 shares of the chip maker’s stock worth $340,000 after buying an additional 209 shares during the period. 65.93% of the stock is owned by institutional investors.
Several research analysts have weighed in on the company. Bank of America lowered their price objective on Intel from $62.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Mizuho increased their price objective on Intel from $52.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. BidaskClub upgraded Intel from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. Loop Capital assumed coverage on Intel in a research report on Monday, August 12th. They set a “hold” rating and a $50.00 price objective on the stock. Finally, Deutsche Bank reiterated a “buy” rating and set a $62.00 price objective (up previously from $60.00) on shares of Intel in a research report on Friday, July 26th. Eight investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nineteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $53.79.
Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 25th. The chip maker reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.17. The business had revenue of $16.51 billion for the quarter, compared to analyst estimates of $15.70 billion. Intel had a return on equity of 28.84% and a net margin of 28.05%. Intel’s revenue was down 2.7% compared to the same quarter last year. During the same period last year, the firm posted $1.04 earnings per share. On average, research analysts predict that Intel Co. will post 4.38 earnings per share for the current fiscal year.
The firm also recently disclosed a — dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 7th will be paid a $0.315 dividend. This represents a yield of 2.4%. The ex-dividend date is Wednesday, November 6th. Intel’s dividend payout ratio (DPR) is presently 27.51%.
In related news, Chairman Andy D. Bryant sold 13,609 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $51.37, for a total value of $699,094.33. Following the sale, the chairman now directly owns 450,591 shares of the company’s stock, valued at $23,146,859.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert Holmes Swan acquired 10,918 shares of Intel stock in a transaction that occurred on Wednesday, August 28th. The stock was acquired at an average cost of $45.70 per share, for a total transaction of $498,952.60. Following the completion of the purchase, the chief executive officer now directly owns 168,955 shares of the company’s stock, valued at $7,721,243.50. The disclosure for this purchase can be found here. Insiders sold 41,541 shares of company stock worth $2,135,306 over the last ninety days. 0.02% of the stock is currently owned by insiders.
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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