Family Legacy Inc. Acquires 60 Shares of Intel Corporation (INTC)
Family Legacy Inc. increased its holdings in shares of Intel Corporation (NASDAQ:INTC) by 0.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 63,292 shares of the chip maker’s stock after acquiring an additional 60 shares during the period. Intel Corporation comprises about 2.1% of Family Legacy Inc.’s investment portfolio, making the stock its 11th biggest position. Family Legacy Inc.’s holdings in Intel Corporation were worth $2,135,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of INTC. Watermark Asset Management Inc. acquired a new stake in shares of Intel Corporation during the 1st quarter valued at about $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Intel Corporation by 53.0% during 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 acquiring an additional 1,400 shares in the last quarter. Vigilant Capital Management LLC boosted its position in shares of Intel Corporation by 22.6% during the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after acquiring an additional 805 shares in the last quarter. Farmers National Bank boosted its position in shares of Intel Corporation by 5.1% during the 1st quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock valued at $183,000 after acquiring an additional 234 shares in the last quarter. Finally, ARP Americas LLC acquired a new stake in shares of Intel Corporation during the 1st quarter valued at about $202,000. Institutional investors and hedge funds own 67.03% of the company’s stock.
Intel Corporation (NASDAQ:INTC) last announced its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.04. The business had revenue of $14.76 billion for the quarter, compared to analysts’ expectations of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the firm posted $0.59 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be paid a $0.2725 dividend. This represents a $1.09 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio (DPR) is currently 41.76%.
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INTC has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Thursday, June 22nd. Needham & Company LLC reiterated a “buy” rating and set a $43.00 target price on shares of Intel Corporation in a research report on Wednesday, July 12th. Hilliard Lyons initiated coverage on shares of Intel Corporation in a research report on Wednesday, July 12th. They set a “buy” rating and a $41.00 target price on the stock. Canaccord Genuity reiterated a “buy” rating and set a $38.00 target price on shares of Intel Corporation in a research report on Wednesday, July 12th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $39.00 target price on shares of Intel Corporation in a research report on Friday, July 14th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.57.
In other news, insider Venkata S. M. Renduchintala sold 13,996 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $35.47, for a total value of $496,438.12. Following the transaction, the insider now owns 1,536 shares of the company’s stock, valued at $54,481.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian M. Krzanich sold 72,173 shares of the firm’s stock in a transaction dated 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 approximately $18,015,592.74. The disclosure for this sale can be found here. Insiders sold 91,921 shares of company stock worth $3,130,162 in the last ninety days. Corporate insiders own 0.08% of the company’s stock.
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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