Blair William & Co. IL Purchases 12,934 Shares of Intel Corporation (INTC)
Blair William & Co. IL raised its position in shares of Intel Corporation (NASDAQ:INTC) by 2.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 572,980 shares of the chip maker’s stock after acquiring an additional 12,934 shares during the period. Blair William & Co. IL’s holdings in Intel Corporation were worth $19,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of INTC. Watermark Asset Management Inc. purchased a new stake in shares of Intel Corporation in the 1st quarter worth $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake 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 worth $146,000 after purchasing an additional 1,400 shares during the last quarter. Orrstown Financial Services Inc. lifted its stake in shares of Intel Corporation by 23.0% during the 2nd quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock worth $155,000 after purchasing an additional 857 shares during the last quarter. Winfield Associates Inc. raised its stake in Intel Corporation by 6.0% in the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after buying an additional 265 shares during the last quarter. Finally, Vigilant Capital Management LLC increased its holdings 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 purchasing an additional 805 shares during the period. 67.17% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on the company. Barclays PLC reissued a “buy” rating and issued a $55.00 price objective on shares of Intel Corporation in a report on Monday. Stifel Nicolaus restated a “buy” rating and issued a $50.00 target price on shares of Intel Corporation in a research report on Wednesday, November 1st. Canaccord Genuity raised their target price on Intel Corporation from $38.00 to $41.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Sanford C. Bernstein set a $34.00 price objective on Intel Corporation and gave the stock a “sell” rating in a research report on Friday, October 27th. Finally, BMO Capital Markets upgraded Intel Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, October 30th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. Intel Corporation presently has an average rating of “Buy” and a consensus target price of $43.28.
In related news, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total value of $66,543.52. Following the sale, the insider now owns 1,536 shares in the company, valued at approximately $71,777.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian M. Krzanich sold 61,860 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $38.74, for a total value of $2,396,456.40. Following the completion of the sale, the chief executive officer now owns 543,948 shares in the company, valued at approximately $21,072,545.52. The disclosure for this sale can be found here. Insiders have sold a total of 659,036 shares of company stock worth $28,872,880 in the last quarter. 0.08% of the stock is currently owned by insiders.
Shares of Intel Corporation (INTC) opened at $45.46 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60. The company has a market capitalization of $214,624.80, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 1.68 and a beta of 1.09. Intel Corporation has a one year low of $33.23 and a one year high of $47.30.
Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The firm had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $15.73 billion. Intel Corporation had a return on equity of 22.65% and a net margin of 22.31%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.80 EPS. equities research analysts predict that Intel Corporation will post 3.25 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be given a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 2.40%. The ex-dividend date is Monday, November 6th. Intel Corporation’s payout ratio is 38.11%.
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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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