Somerset Group LLC Continues to Hold Holdings in Intel Corporation (INTC)

Somerset Group LLC maintained its stake in Intel Corporation (NASDAQ:INTC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,995 shares of the chip maker’s stock at the end of the 2nd quarter. Somerset Group LLC’s holdings in Intel Corporation were worth $810,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Watermark Asset Management Inc. acquired a new stake in shares of Intel Corporation in the 1st quarter valued at $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of Intel Corporation by 53.0% in 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 purchasing an additional 1,400 shares during the last quarter. Vigilant Capital Management LLC lifted its stake in shares of Intel Corporation by 22.6% in the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after purchasing an additional 805 shares during the last quarter. Orrstown Financial Services Inc. lifted its stake in shares of Intel Corporation by 23.0% in the 2nd quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock valued at $155,000 after purchasing an additional 857 shares during the last quarter. Finally, Winfield Associates Inc. lifted its stake in shares of Intel Corporation by 6.0% in the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after purchasing an additional 265 shares during the last quarter. 67.17% of the stock is owned by institutional investors.

Several equities research analysts recently issued reports on the stock. Barclays PLC reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Intel Corporation in a research note on Monday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Intel Corporation in a research note on Wednesday, November 1st. Canaccord Genuity lifted their price objective on shares of Intel Corporation from $38.00 to $41.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Sanford C. Bernstein set a $34.00 target price on shares of Intel Corporation and gave the stock a “sell” rating in a research report on Friday, October 27th. Finally, BMO Capital Markets raised shares of Intel Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, October 30th. Five 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. Intel Corporation presently has an average rating of “Buy” and an average target price of $43.28.

In other Intel Corporation news, CEO Brian M. Krzanich sold 61,860 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 543,948 shares in the company, valued at $21,072,545.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total transaction of $66,543.52. Following the transaction, the insider now owns 1,536 shares in the company, valued at $71,777.28. The disclosure for this sale can be found here. Insiders have sold 659,036 shares of company stock worth $28,872,880 over the last quarter. Company insiders own 0.08% of the company’s stock.

Intel Corporation (NASDAQ:INTC) opened at $45.46 on Thursday. 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 firm has a market cap of $214,624.80, a P/E ratio of 14.42, a P/E/G ratio of 1.68 and a beta of 1.09. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $47.30.

Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ 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 for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.80 earnings per share. analysts anticipate that Intel Corporation will post 3.25 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be given a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Monday, November 6th. Intel Corporation’s payout ratio is currently 38.11%.

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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).

Institutional Ownership by Quarter for Intel Corporation (NASDAQ:INTC)

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