Dumont & Blake Investment Advisors LLC maintained its stake in Intel Corp. (NASDAQ:INTC) during the second quarter, Holdings Channel reports. The fund owned 39,249 shares of the chip maker’s stock at the end of the second quarter. Dumont & Blake Investment Advisors LLC’s holdings in Intel Corp. were worth $1,270,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of INTC. D. Scott Neal Inc. boosted its position in Intel Corp. by 0.7% in the second quarter. D. Scott Neal Inc. now owns 4,969 shares of the chip maker’s stock valued at $163,000 after buying an additional 35 shares during the last quarter. Hudock Capital Group LLC boosted its stake in Intel Corp. by 0.4% in the second quarter. Hudock Capital Group LLC now owns 14,694 shares of the chip maker’s stock worth $481,000 after buying an additional 62 shares during the period. Accredited Investors Inc. boosted its stake in Intel Corp. by 0.4% in the first quarter. Accredited Investors Inc. now owns 20,443 shares of the chip maker’s stock worth $661,000 after buying an additional 73 shares during the period. Fruth Investment Management boosted its stake in Intel Corp. by 0.6% in the second quarter. Fruth Investment Management now owns 13,489 shares of the chip maker’s stock worth $442,000 after buying an additional 75 shares during the period. Finally, Prentiss Smith & Co. Inc. boosted its stake in Intel Corp. by 0.4% in the second quarter. Prentiss Smith & Co. Inc. now owns 17,730 shares of the chip maker’s stock worth $582,000 after buying an additional 75 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.
Shares of Intel Corp. (NASDAQ:INTC) traded down 0.20% on Friday, hitting $34.74. 22,296,428 shares of the stock traded hands. Intel Corp. has a 52-week low of $27.68 and a 52-week high of $38.36. The firm has a market cap of $164.46 billion, a PE ratio of 16.30 and a beta of 1.09. The firm has a 50 day moving average price of $36.72 and a 200 day moving average price of $33.90.
Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings results on Tuesday, October 18th. The chip maker reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.07. Intel Corp. had a return on equity of 20.75% and a net margin of 17.90%. The company had revenue of $15.78 billion for the quarter, compared to analysts’ expectations of $15.58 billion. During the same period in the previous year, the firm earned $0.64 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. On average, equities analysts forecast that Intel Corp. will post $2.66 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be issued a $0.26 dividend. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 2.99%. Intel Corp.’s dividend payout ratio is presently 49.06%.
INTC has been the topic of a number of recent analyst reports. Vetr cut Intel Corp. from a “hold” rating to a “sell” rating and set a $31.46 price target on the stock. in a report on Monday, July 4th. Mizuho reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of Intel Corp. in a research note on Thursday, July 7th. Royal Bank Of Canada lifted their price objective on shares of Intel Corp. from $33.00 to $34.00 and gave the company a “sector perform” rating in a research note on Friday, July 8th. Sanford C. Bernstein raised shares of Intel Corp. from an “underperform” rating to a “market perform” rating and lifted their price objective for the company from $26.00 to $30.00 in a research note on Friday, July 8th. Finally, Cowen and Company reaffirmed a “market perform” rating and issued a $36.00 price objective (up previously from $32.00) on shares of Intel Corp. in a research note on Monday, July 11th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $39.91.
In other news, Chairman Andy D. Bryant sold 24,383 shares of the company’s stock in a transaction that occurred on Thursday, October 20th. The stock was sold at an average price of $35.35, for a total transaction of $861,939.05. Following the sale, the chairman now directly owns 399,940 shares of the company’s stock, valued at approximately $14,137,879. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian M. Krzanich sold 67,508 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $37.71, for a total value of $2,545,726.68. Following the sale, the chief executive officer now directly owns 420,506 shares in the company, valued at $15,857,281.26. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.
About Intel Corp.
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.