W.G. Shaheen & Associates DBA Whitney & Co boosted its position in Intel Corp. (NASDAQ:INTC) by 0.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 82,563 shares of the chip maker’s stock after buying an additional 400 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Intel Corp. were worth $2,708,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in INTC. Woodley Farra Manion Portfolio Management Inc. boosted its stake in shares of Intel Corp. by 40.5% in the first quarter. Woodley Farra Manion Portfolio Management Inc. now owns 75,276 shares of the chip maker’s stock worth $2,435,000 after buying an additional 21,715 shares during the period. McQueen Ball & Associates Inc. boosted its stake in shares of Intel Corp. by 1.6% in the first quarter. McQueen Ball & Associates Inc. now owns 72,776 shares of the chip maker’s stock worth $2,354,000 after buying an additional 1,157 shares during the period. Laurel Grove Capital LLC boosted its stake in shares of Intel Corp. by 10.6% in the first quarter. Laurel Grove Capital LLC now owns 24,031 shares of the chip maker’s stock worth $777,000 after buying an additional 2,300 shares during the period. Sigma Planning Corp boosted its stake in shares of Intel Corp. by 2.3% in the first quarter. Sigma Planning Corp now owns 98,032 shares of the chip maker’s stock worth $3,171,000 after buying an additional 2,214 shares during the period. Finally, Private Trust Co. NA boosted its stake in shares of Intel Corp. by 4.2% in the first quarter. Private Trust Co. NA now owns 39,344 shares of the chip maker’s stock worth $1,272,000 after buying an additional 1,582 shares during the period. Institutional investors and hedge funds own 64.77% of the company’s stock.
Shares of Intel Corp. (NASDAQ:INTC) traded down 0.21% during trading on Monday, reaching $38.02. 14,954,297 shares of the company traded hands. Intel Corp. has a 12-month low of $27.68 and a 12-month high of $38.36. The firm has a market capitalization of $179.87 billion, a price-to-earnings ratio of 18.44 and a beta of 1.09. The company has a 50 day moving average price of $36.63 and a 200 day moving average price of $33.54.
Intel Corp. (NASDAQ:INTC) last released its earnings results on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, beating the consensus estimate of $0.53 by $0.06. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The firm had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.54 billion. During the same period last year, the firm earned $0.55 EPS. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, equities analysts predict that Intel Corp. will post $2.58 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s dividend payout ratio is currently 50.24%.
A number of equities research analysts have commented on the company. Pacific Crest reiterated a “buy” rating and set a $44.00 target price on shares of Intel Corp. in a report on Thursday. BlueFin Research reiterated a “buy” rating on shares of Intel Corp. in a report on Monday, October 3rd. KeyCorp increased their target price on Intel Corp. from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Monday, October 3rd. Vetr upgraded Intel Corp. from a “buy” rating to a “strong-buy” rating and set a $41.44 target price on the stock in a report on Monday, September 26th. Finally, RBC Capital Markets reissued a “sector perform” rating and set a $38.00 price target on shares of Intel Corp. in a research note on Monday, September 26th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Intel Corp. has a consensus rating of “Buy” and a consensus price target of $39.65.
In other Intel Corp. news, VP Gregory R. Pearson sold 1,506 shares of the firm’s stock in a transaction dated Friday, July 22nd. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Brian M. Krzanich sold 67,508 shares of the firm’s stock in a transaction dated 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 directly owns 420,506 shares in the company, valued at $15,857,281.26. The disclosure for this sale can be found here. 0.09% of the stock is currently 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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