Intel Corporation (INTC) Shares Bought by Toth Financial Advisory Corp
Toth Financial Advisory Corp raised its holdings in Intel Corporation (NASDAQ:INTC) by 38.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,525 shares of the chip maker’s stock after purchasing an additional 7,335 shares during the period. Toth Financial Advisory Corp’s holdings in Intel Corporation were worth $895,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of INTC. First American Bank grew its holdings in Intel Corporation by 2.5% in the first quarter. First American Bank now owns 197,563 shares of the chip maker’s stock valued at $7,126,000 after purchasing an additional 4,826 shares during the period. Univest Corp of Pennsylvania grew its holdings in Intel Corporation by 10.8% in the first quarter. Univest Corp of Pennsylvania now owns 12,051 shares of the chip maker’s stock valued at $435,000 after purchasing an additional 1,173 shares during the period. SOL Capital Management CO grew its holdings in Intel Corporation by 1.4% in the first quarter. SOL Capital Management CO now owns 60,792 shares of the chip maker’s stock valued at $2,193,000 after purchasing an additional 850 shares during the period. Legacy Private Trust Co. grew its holdings in Intel Corporation by 2.5% in the first quarter. Legacy Private Trust Co. now owns 83,050 shares of the chip maker’s stock valued at $2,995,000 after purchasing an additional 2,037 shares during the period. Finally, Murphy Capital Management Inc. grew its holdings in Intel Corporation by 3.9% in the first quarter. Murphy Capital Management Inc. now owns 26,793 shares of the chip maker’s stock valued at $966,000 after purchasing an additional 995 shares during the period. 67.09% of the stock is currently owned by institutional investors.
In other Intel Corporation news, CEO Brian M. Krzanich sold 72,173 shares of Intel Corporation stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $33.69, for a total value of $2,431,508.37. Following the completion of the transaction, the chief executive officer now directly owns 534,746 shares in the company, valued at $18,015,592.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of Intel Corporation stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $36.40, for a total value of $51,833.60. Following the completion of the transaction, the insider now owns 1,536 shares of the company’s stock, valued at $55,910.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,921 shares of company stock valued at $3,130,162. 0.08% of the stock is currently owned by insiders.
Shares of Intel Corporation (INTC) traded up 0.80% during trading on Thursday, hitting $36.62. The stock had a trading volume of 8,092,213 shares. The firm’s 50-day moving average is $35.49 and its 200-day moving average is $35.51. Intel Corporation has a one year low of $33.23 and a one year high of $38.45. The firm has a market cap of $172.08 billion, a P/E ratio of 13.98 and a beta of 1.02.
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 Zacks’ consensus estimate of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The company had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $14.39 billion. During the same period in the previous year, the firm posted $0.59 earnings per share. Intel Corporation’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities research analysts forecast that Intel Corporation will post $3.01 EPS for the current year.
The business also recently announced 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. This represents a $1.09 dividend on an annualized basis and a yield of 3.00%. Intel Corporation’s payout ratio is currently 41.76%.
Several analysts have commented on INTC shares. Zacks Investment Research raised Intel Corporation from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Thursday, June 22nd. Vetr lowered Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $39.43 price objective on the stock. in a report on Monday, May 22nd. Needham & Company LLC reissued a “buy” rating and issued a $43.00 price objective on shares of Intel Corporation in a report on Wednesday, July 12th. Hilliard Lyons started coverage on Intel Corporation in a report on Wednesday, July 12th. They issued a “buy” rating and a $41.00 price objective on the stock. Finally, Canaccord Genuity reissued a “buy” rating and issued a $38.00 price objective on shares of Intel Corporation in a report on Wednesday, July 12th. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $40.60.
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Intel Corporation Company 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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