Grandfield & Dodd LLC Reduces Position in Intel Corporation (INTC)

Grandfield & Dodd LLC decreased its holdings in shares of Intel Corporation (NASDAQ:INTC) by 6.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,891 shares of the chip maker’s stock after selling 875 shares during the quarter. Grandfield & Dodd LLC’s holdings in Intel Corporation were worth $401,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in INTC. Murphy Capital Management Inc. grew its position in Intel Corporation by 18.4% in the 2nd quarter. Murphy Capital Management Inc. now owns 31,721 shares of the chip maker’s stock worth $1,070,000 after purchasing an additional 4,928 shares during the last quarter. Sigma Planning Corp grew its position in Intel Corporation by 0.5% in the 1st quarter. Sigma Planning Corp now owns 64,672 shares of the chip maker’s stock worth $2,333,000 after purchasing an additional 335 shares during the last quarter. Stockman Wealth Management Inc. grew its position in Intel Corporation by 2.3% in the 1st quarter. Stockman Wealth Management Inc. now owns 128,104 shares of the chip maker’s stock worth $4,621,000 after purchasing an additional 2,903 shares during the last quarter. Pillar Pacific Capital Management LLC grew its position in Intel Corporation by 0.4% in the 1st quarter. Pillar Pacific Capital Management LLC now owns 235,734 shares of the chip maker’s stock worth $8,503,000 after purchasing an additional 930 shares during the last quarter. Finally, GFS Advisors LLC grew its position in Intel Corporation by 9.2% in the 1st quarter. GFS Advisors LLC now owns 114,035 shares of the chip maker’s stock worth $4,114,000 after purchasing an additional 9,635 shares during the last quarter. Hedge funds and other institutional investors own 67.02% of the company’s stock.

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Shares of Intel Corporation (NASDAQ:INTC) opened at 39.79 on Wednesday. The firm has a market cap of $186.97 billion, a PE ratio of 15.19 and a beta of 1.07. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $39.95. The firm has a 50-day moving average of $37.23 and a 200 day moving average of $35.94.

Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The business had revenue of $14.76 billion during the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the business earned $0.59 EPS. On average, equities analysts predict that Intel Corporation will post $3.01 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be issued a $0.2725 dividend. The ex-dividend date is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a yield of 2.74%. Intel Corporation’s dividend payout ratio (DPR) is presently 41.76%.

In related news, CEO Brian M. Krzanich sold 61,860 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $38.74, for a total value of $2,396,456.40. Following the completion of the transaction, the chief executive officer now owns 543,948 shares in the company, valued at approximately $21,072,545.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 1,536 shares of the company’s stock, valued at approximately $55,910.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 81,608 shares of company stock valued at $3,095,110. 0.08% of the stock is owned by company insiders.

INTC has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Wednesday, September 6th. ValuEngine cut shares of Intel Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Vetr upgraded shares of Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $41.56 target price for the company in a research report on Thursday, August 24th. Credit Suisse Group restated an “outperform” rating on shares of Intel Corporation in a research report on Thursday, August 31st. Finally, BidaskClub upgraded shares of Intel Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $40.91.

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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