CNA Financial Corp Continues to Hold Stake in Intel Corporation (NASDAQ:INTC)
CNA Financial Corp continued to hold its position in shares of Intel Corporation (NASDAQ:INTC) during the first quarter, Holdings Channel reports. The firm owned 38,625 shares of the chip maker’s stock at the end of the first quarter. CNA Financial Corp’s holdings in Intel Corporation were worth $1,393,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of INTC. Orrstown Financial Services Inc. increased its position in shares of Intel Corporation by 96.6% in the first quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock valued at $134,000 after buying an additional 1,830 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Intel Corporation by 53.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock valued at $146,000 after buying an additional 1,400 shares in the last quarter. Vigilant Capital Management LLC increased its position in shares of Intel Corporation by 22.6% in the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after buying an additional 805 shares in the last quarter. Security Asset Management acquired a new position in shares of Intel Corporation during the fourth quarter valued at about $162,000. Finally, ARP Americas LLC acquired a new position in shares of Intel Corporation during the first quarter valued at about $202,000. Institutional investors and hedge funds own 67.50% of the company’s stock.
Intel Corporation (INTC) traded down 0.75% during mid-day trading on Friday, hitting $35.87. 19,275,060 shares of the stock traded hands. The firm’s 50-day moving average price is $34.84 and its 200-day moving average price is $35.72. The firm has a market cap of $168.55 billion, a P/E ratio of 13.69 and a beta of 1.01. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $38.45.
Intel Corporation (NASDAQ:INTC) last issued its earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, beating the consensus estimate of $0.68 by $0.04. The company had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.59 EPS. On average, equities analysts forecast that Intel Corporation will post $3.01 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 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 3.04%. The ex-dividend date is Thursday, August 3rd. Intel Corporation’s dividend payout ratio is 41.76%.
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Several equities research analysts recently commented on INTC shares. Jefferies Group LLC reissued an “underperform” rating and set a $30.00 target price (up previously from $29.00) on shares of Intel Corporation in a report on Friday, July 28th. They noted that the move was a valuation call. Hilliard Lyons started coverage on Intel Corporation in a report on Wednesday, July 12th. They set a “buy” rating and a $41.00 target price on the stock. Canaccord Genuity reissued a “hold” rating on shares of Intel Corporation in a report on Saturday, June 3rd. Northland Securities set a $40.00 target price on Intel Corporation and gave the stock a “hold” rating in a report on Friday, July 28th. Finally, Barclays PLC reissued an “overweight” rating on shares of Intel Corporation in a report on Friday, July 21st. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $40.55.
In other Intel Corporation news, insider Venkata S. M. Renduchintala sold 13,996 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $35.47, for a total transaction of $496,438.12. Following the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $54,481.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $36.40, for a total transaction of $51,833.60. Following the sale, the insider now directly owns 1,536 shares in the company, valued at $55,910.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 91,921 shares of company stock valued at $3,130,162. 0.09% of the stock is owned by corporate insiders.
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).
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