BB&T Securities LLC increased its position in shares of Intel Corp. (NASDAQ:INTC) by 4.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 896,380 shares of the chip maker’s stock after buying an additional 42,009 shares during the period. BB&T Securities LLC’s holdings in Intel Corp. were worth $29,401,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of INTC. Carnick & Kubik LLC acquired a new stake in Intel Corp. during the first quarter valued at approximately $100,000. Proficio Capital Partners LLC increased its stake in Intel Corp. by 143.0% in the second quarter. Proficio Capital Partners LLC now owns 3,395 shares of the chip maker’s stock valued at $118,000 after buying an additional 1,998 shares during the period. Financial Management Professionals Inc. increased its stake in Intel Corp. by 18.7% in the second quarter. Financial Management Professionals Inc. now owns 3,960 shares of the chip maker’s stock valued at $129,000 after buying an additional 625 shares during the period. Parasol Investment Management LLC increased its stake in Intel Corp. by 34.3% in the second quarter. Parasol Investment Management LLC now owns 3,990 shares of the chip maker’s stock valued at $131,000 after buying an additional 1,020 shares during the period. Finally, American National Bank increased its stake in Intel Corp. by 103.2% in the second quarter. American National Bank now owns 4,459 shares of the chip maker’s stock valued at $146,000 after buying an additional 2,265 shares during the period. Institutional investors and hedge funds own 64.77% of the company’s stock.
Shares of Intel Corp. (NASDAQ:INTC) traded up 0.75% during midday trading on Wednesday, reaching $37.46. The company’s stock had a trading volume of 9,903,169 shares. The stock has a 50 day moving average price of $35.89 and a 200-day moving average price of $33.16. Intel Corp. has a 52-week low of $27.68 and a 52-week high of $38.05. The company has a market capitalization of $177.22 billion, a price-to-earnings ratio of 18.17 and a beta of 0.93.
Intel Corp. (NASDAQ:INTC) last issued its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.06. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The business had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.54 billion. During the same period last year, the business earned $0.55 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. Equities research analysts expect that Intel Corp. will post $2.58 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s dividend payout ratio is currently 50.24%.
Several research firms have recently commented on INTC. B. Riley reaffirmed a “buy” rating and issued a $45.00 price objective (up from $42.00) on shares of Intel Corp. in a report on Friday, September 16th. Mizuho increased their price target on shares of Intel Corp. from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, September 19th. Credit Agricole SA increased their price target on shares of Intel Corp. from $35.00 to $37.00 and gave the stock an “underperform” rating in a report on Monday, September 19th. Needham & Company LLC increased their price target on shares of Intel Corp. from $38.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, September 19th. Finally, BNP Paribas set a $37.00 price target on shares of Intel Corp. and gave the stock a “neutral” rating in a report on Monday, September 19th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $39.26.
In other Intel Corp. news, VP Gregory R. Pearson sold 1,506 shares of Intel Corp. stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $34.46, for a total value of $51,896.76. Following the transaction, the vice president now directly owns 84,505 shares of the company’s stock, valued at approximately $2,912,042.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Brian M. Krzanich sold 71,413 shares of Intel Corp. stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $32.73, for a total value of $2,337,347.49. Following the completion of the transaction, the chief executive officer now directly owns 435,796 shares in the company, valued at $14,263,603.08. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.
Intel Corp. Company Profile
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.
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