Security National Trust Co. increased its position in shares of Intel Corp. (NASDAQ:INTC) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,811 shares of the chip maker’s stock after buying an additional 240 shares during the period. Intel Corp. makes up 1.3% of Security National Trust Co.’s portfolio, making the stock its 24th largest position. Security National Trust Co.’s holdings in Intel Corp. were worth $3,470,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in INTC. North Star Investment Management Corp. increased its stake in shares of Intel Corp. by 2.3% in the first quarter. North Star Investment Management Corp. now owns 105,018 shares of the chip maker’s stock valued at $3,397,000 after buying an additional 2,334 shares during the period. Douglas Lane & Associates LLC bought a new position in Intel Corp. during the first quarter worth $31,548,000. Bellecapital International Ltd. increased its position in Intel Corp. by 86.2% in the first quarter. Bellecapital International Ltd. now owns 12,960 shares of the chip maker’s stock worth $405,000 after buying an additional 6,000 shares during the period. Vicus Capital increased its position in Intel Corp. by 36.9% in the first quarter. Vicus Capital now owns 14,779 shares of the chip maker’s stock worth $478,000 after buying an additional 3,985 shares during the period. Finally, Athena Capital Advisors LLC increased its position in Intel Corp. by 0.6% in the first quarter. Athena Capital Advisors LLC now owns 48,815 shares of the chip maker’s stock worth $1,579,000 after buying an additional 278 shares during the period. Institutional investors own 64.77% of the company’s stock.
Shares of Intel Corp. (NASDAQ:INTC) traded up 1.30% during trading on Friday, reaching $37.45. 19,123,944 shares of the company’s stock traded hands. The company’s 50-day moving average is $36.86 and its 200 day moving average is $33.65. The company has a market cap of $177.18 billion, a price-to-earnings ratio of 18.16 and a beta of 1.09. Intel Corp. has a 52-week low of $27.68 and a 52-week high of $38.36.
Intel Corp. (NASDAQ:INTC) last posted its earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.06. The firm earned $13.50 billion during the quarter, compared to the consensus estimate of $13.54 billion. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The company’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company earned $0.55 earnings per share. Equities analysts forecast that Intel Corp. will post $2.58 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be given a $0.26 dividend. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.78%. Intel Corp.’s dividend payout ratio (DPR) is currently 50.24%.
A number of research firms have recently weighed in on INTC. Pacific Crest reaffirmed a “buy” rating and issued a $44.00 price target on shares of Intel Corp. in a research note on Thursday, October 6th. KeyCorp upped their price target on shares of Intel Corp. from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Monday, October 3rd. BlueFin Research reaffirmed a “buy” rating on shares of Intel Corp. in a research note on Monday, October 3rd. B. Riley reaffirmed a “buy” rating and issued a $45.00 price target (up from $42.00) on shares of Intel Corp. in a research note on Friday, September 16th. Finally, Citigroup Inc. upped their price target on shares of Intel Corp. from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, September 19th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirty-two have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $39.73.
In other news, VP Gregory R. Pearson sold 1,506 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $34.46, for a total value of $51,896.76. Following the completion of the transaction, the vice president now directly owns 84,505 shares in the company, valued at $2,912,042.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian M. Krzanich sold 67,508 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $37.71, for a total transaction of $2,545,726.68. Following the completion of the transaction, the chief executive officer now owns 420,506 shares of the company’s stock, valued at $15,857,281.26. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.
About Intel Corp.
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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