Intel Corporation (INTC) Shares Bought by Truepoint Inc.
Truepoint Inc. lifted its stake in shares of Intel Corporation (NASDAQ:INTC) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,208 shares of the chip maker’s stock after acquiring an additional 222 shares during the quarter. Truepoint Inc.’s holdings in Intel Corporation were worth $557,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of INTC. Wedgewood Investors Inc. PA increased its stake in shares of Intel Corporation by 0.8% during the first quarter. Wedgewood Investors Inc. PA now owns 24,982 shares of the chip maker’s stock valued at $901,000 after acquiring an additional 198 shares during the period. Callahan Advisors LLC grew its position in Intel Corporation by 1.5% in the first quarter. Callahan Advisors LLC now owns 279,519 shares of the chip maker’s stock worth $10,082,000 after buying an additional 4,181 shares during the last quarter. WealthTrust Axiom LLC grew its position in Intel Corporation by 0.6% in the first quarter. WealthTrust Axiom LLC now owns 147,605 shares of the chip maker’s stock worth $5,324,000 after buying an additional 916 shares during the last quarter. Dowling & Yahnke LLC grew its position in Intel Corporation by 1.4% in the first quarter. Dowling & Yahnke LLC now owns 196,323 shares of the chip maker’s stock worth $7,081,000 after buying an additional 2,682 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. acquired a new position in Intel Corporation in the first quarter worth approximately $268,000. Institutional investors and hedge funds own 66.90% of the company’s stock.
Several research analysts have issued reports on the stock. Canaccord Genuity lifted their price target on shares of Intel Corporation from $41.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday. Barclays PLC restated a “buy” rating and issued a $55.00 price target on shares of Intel Corporation in a research report on Monday, November 13th. Stifel Nicolaus restated a “buy” rating and issued a $50.00 price target on shares of Intel Corporation in a research report on Wednesday, November 1st. Sanford C. Bernstein set a $34.00 price target on shares of Intel Corporation and gave the stock a “sell” rating in a research report on Friday, October 27th. Finally, BMO Capital Markets upgraded shares of Intel Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, October 30th. Five equities research 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’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $43.40.
In other Intel Corporation news, CEO Brian M. Krzanich sold 61,860 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were 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 of the company’s stock, valued at $21,072,545.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Andy D. Bryant sold 89,087 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $44.80, for a total transaction of $3,991,097.60. Following the completion of the sale, the chairman now directly owns 428,789 shares of the company’s stock, valued at approximately $19,209,747.20. The disclosure for this sale can be found here. Insiders sold 659,036 shares of company stock worth $28,872,880 over the last 90 days. 0.08% of the stock is currently owned by company insiders.
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Intel Corporation (INTC) opened at $44.63 on Monday. Intel Corporation has a twelve month low of $33.23 and a twelve month high of $47.30. The firm has a market cap of $208,868.41, a P/E ratio of 14.03, a P/E/G ratio of 1.63 and a beta of 1.09. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. The business had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. During the same period in the prior year, the business posted $0.80 earnings per share. Intel Corporation’s revenue was up 2.4% compared to the same quarter last year. equities analysts predict that Intel Corporation will post 3.25 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be issued a $0.2725 dividend. The ex-dividend date is Monday, November 6th. This represents a $1.09 annualized dividend and a yield of 2.44%. Intel Corporation’s dividend payout ratio is currently 38.11%.
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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