Hyman Charles D Acquires 9,350 Shares of Intel Corp. (INTC)
Hyman Charles D raised its stake in shares of Intel Corp. (NASDAQ:INTC) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 307,117 shares of the chip maker’s stock after buying an additional 9,350 shares during the period. Intel Corp. makes up about 1.5% of Hyman Charles D’s holdings, making the stock its 25th largest position. Hyman Charles D’s holdings in Intel Corp. were worth $10,073,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of INTC. D. Scott Neal Inc. raised its stake 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. Amarillo National Bank raised its stake in Intel Corp. by 0.3% in the first quarter. Amarillo National Bank now owns 14,739 shares of the chip maker’s stock valued at $477,000 after buying an additional 37 shares during the last quarter. Hudock Capital Group LLC increased its position 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 valued at $481,000 after buying an additional 62 shares during the period. Accredited Investors Inc. increased its position in Intel Corp. by 0.4% in the first quarter. Accredited Investors Inc. now owns 20,443 shares of the chip maker’s stock valued at $661,000 after buying an additional 73 shares during the period. Finally, Fruth Investment Management increased its position in Intel Corp. by 0.6% in the second quarter. Fruth Investment Management now owns 13,489 shares of the chip maker’s stock valued at $442,000 after buying an additional 75 shares during the period. 64.77% of the stock is currently owned by institutional investors.
Shares of Intel Corp. (NASDAQ:INTC) traded down 0.96% on Friday, hitting $37.19. 17,780,157 shares of the stock traded hands. Intel Corp. has a 12-month low of $27.68 and a 12-month high of $38.05. The stock has a market cap of $175.95 billion, a price-to-earnings ratio of 18.04 and a beta of 0.93. The stock has a 50-day moving average price of $35.71 and a 200 day moving average price of $33.00.
Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. The business earned $13.50 billion during the quarter, compared to analyst estimates of $13.54 billion. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share. On average, analysts anticipate that Intel Corp. will post $2.57 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s dividend payout ratio (DPR) is 50.24%.
INTC has been the subject of several research analyst reports. B. Riley restated a “buy” rating and set a $42.00 price target on shares of Intel Corp. in a research report on Wednesday, August 17th. Robert W. Baird upped their price target on shares of Intel Corp. from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday. Brean Capital restated a “buy” rating and set a $40.00 price target (up previously from $38.00) on shares of Intel Corp. in a research report on Thursday. Citigroup Inc. restated a “neutral” rating and set a $35.00 price target on shares of Intel Corp. in a research report on Wednesday, August 17th. Finally, Stifel Nicolaus set a $39.00 price target on shares of Intel Corp. and gave the stock a “buy” rating in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirty-one have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $39.06.
In related news, CFO Stacy J. Smith sold 29,497 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $34.47, for a total transaction of $1,016,761.59. Following the transaction, the chief financial officer now owns 263,772 shares of the company’s stock, valued at $9,092,220.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Venkata S. M. Renduchintala sold 13,997 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $34.71, for a total transaction of $485,835.87. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.
Intel Corp. Company Profile
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.
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