Aspiriant LLC Lowers Stake in Intel Corporation (INTC)

Aspiriant LLC lessened its holdings in Intel Corporation (NASDAQ:INTC) by 4.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 46,012 shares of the chip maker’s stock after selling 2,072 shares during the period. Aspiriant LLC’s holdings in Intel Corporation were worth $1,552,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Taurus Asset Management LLC lifted its position in shares of Intel Corporation by 10.7% in the 2nd quarter. Taurus Asset Management LLC now owns 42,940 shares of the chip maker’s stock worth $1,449,000 after purchasing an additional 4,150 shares during the period. Ballentine Partners LLC lifted its position in shares of Intel Corporation by 121.2% in the 2nd quarter. Ballentine Partners LLC now owns 63,281 shares of the chip maker’s stock worth $2,196,000 after purchasing an additional 34,677 shares during the period. Highstreet Asset Management Inc. lifted its position in shares of Intel Corporation by 11.7% in the 2nd quarter. Highstreet Asset Management Inc. now owns 47,648 shares of the chip maker’s stock worth $1,608,000 after purchasing an additional 4,975 shares during the period. Everett Harris & Co. CA lifted its position in shares of Intel Corporation by 0.8% in the 2nd quarter. Everett Harris & Co. CA now owns 26,236 shares of the chip maker’s stock worth $885,000 after purchasing an additional 207 shares during the period. Finally, GW Henssler & Associates Ltd. lifted its position in shares of Intel Corporation by 2.4% in the 2nd quarter. GW Henssler & Associates Ltd. now owns 394,417 shares of the chip maker’s stock worth $13,308,000 after purchasing an additional 9,418 shares during the period. 67.17% of the stock is owned by hedge funds and other institutional investors.

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Several research firms recently commented on INTC. B. Riley reiterated a “buy” rating and set a $46.00 price objective on shares of Intel Corporation in a research note on Friday, July 28th. BidaskClub upgraded shares of Intel Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Vetr lowered shares of Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.26 price objective for the company. in a research note on Tuesday, August 8th. Sanford C. Bernstein set a $30.00 price objective on shares of Intel Corporation and gave the stock a “sell” rating in a research note on Tuesday, August 15th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “hold” rating on shares of Intel Corporation in a research note on Wednesday, August 9th. 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 stock. The company presently has an average rating of “Buy” and an average price target of $43.28.

Intel Corporation (INTC) opened at $45.75 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. The stock has a market cap of $213,314.41, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 1.67 and a beta of 1.09. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $47.30.

Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.21. The company had revenue of $16.15 billion for 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%. Intel Corporation’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 EPS. equities research analysts anticipate that Intel Corporation will post 3.25 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be paid a $0.2725 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 annualized dividend and a yield of 2.38%. Intel Corporation’s dividend payout ratio is currently 38.11%.

In other Intel Corporation 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 sale, the chief executive officer now directly owns 543,948 shares in the company, valued at approximately $21,072,545.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Diane M. Bryant sold 1,639 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $40.91, for a total transaction of $67,051.49. Following the sale, the executive vice president now 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 worth $28,872,880 over the last three months. 0.08% of the stock is currently owned by corporate insiders.

Intel Corporation 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 Corporation (NASDAQ:INTC)

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