Intel Corporation (INTC) Stake Boosted by First National Trust Co.
First National Trust Co. grew its stake in shares of Intel Corporation (NASDAQ:INTC) by 2.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 226,371 shares of the chip maker’s stock after acquiring an additional 5,147 shares during the quarter. Intel Corporation comprises approximately 0.9% of First National Trust Co.’s investment portfolio, making the stock its 26th largest holding. First National Trust Co.’s holdings in Intel Corporation were worth $7,638,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Watermark Asset Management Inc. acquired a new position in Intel Corporation in the 1st quarter worth approximately $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in Intel Corporation by 53.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after buying an additional 1,400 shares during the period. Orrstown Financial Services Inc. increased its holdings in Intel Corporation by 23.0% in the 2nd quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock worth $155,000 after buying an additional 857 shares during the period. Winfield Associates Inc. increased its holdings in Intel Corporation by 6.0% in the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after buying an additional 265 shares during the period. Finally, Vigilant Capital Management LLC increased its holdings in Intel Corporation by 22.6% in the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after buying an additional 805 shares during the period. Hedge funds and other institutional investors own 66.90% of the company’s stock.
Intel Corporation (NASDAQ:INTC) opened at $44.65 on Thursday. Intel Corporation has a twelve month low of $33.23 and a twelve month high of $47.30. The firm has a market capitalization of $210,319.19, a price-to-earnings ratio of 14.13, a P/E/G ratio of 1.64 and a beta of 1.09. The company has a current ratio of 1.60, a quick ratio of 1.27 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, topping the Zacks’ consensus estimate of $0.80 by $0.21. Intel Corporation had a return on equity of 22.65% and a net margin of 22.31%. The firm had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. During the same quarter in the prior year, the company posted $0.80 earnings per share. Intel Corporation’s quarterly revenue was up 2.4% on a year-over-year basis. analysts expect that Intel Corporation will post 3.25 EPS for the current fiscal year.
The company 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. The ex-dividend date is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a yield of 2.44%. Intel Corporation’s payout ratio is 38.11%.
In other Intel Corporation news, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total transaction of $66,543.52. Following the sale, the insider now directly owns 1,536 shares in the company, valued at $71,777.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David B. Yoffie sold 30,000 shares of the business’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $44.93, for a total value of $1,347,900.00. Following the sale, the director now owns 50,005 shares in the company, valued at $2,246,724.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 659,036 shares of company stock worth $28,872,880. 0.08% of the stock is owned by company insiders.
Several brokerages recently weighed in on INTC. B. Riley reiterated a “buy” rating and issued a $46.00 price target on shares of Intel Corporation in a report on Friday, July 28th. BMO Capital Markets reiterated a “market perform” rating and issued a $34.00 price target on shares of Intel Corporation in a report on Sunday, July 30th. BidaskClub downgraded shares of Intel Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Loop Capital reiterated a “buy” rating and issued a $45.00 price target (up previously from $43.00) on shares of Intel Corporation in a report on Friday, July 28th. Finally, Vetr downgraded shares of Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.26 price target on the stock. in a report on Tuesday, August 8th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $43.40.
Intel Corporation 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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