Security National Bank Boosts Stake in Intel Co. (NASDAQ:INTC)


Share on StockTwits

Security National Bank boosted its stake in shares of Intel Co. (NASDAQ:INTC) by 131.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,830 shares of the chip maker’s stock after buying an additional 5,580 shares during the period. Security National Bank’s holdings in Intel were worth $629,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Fulton Bank N.A. lifted its holdings in Intel by 3.9% during the first quarter. Fulton Bank N.A. now owns 95,647 shares of the chip maker’s stock worth $6,121,000 after buying an additional 3,622 shares during the period. Stillwater Investment Management LLC lifted its holdings in shares of Intel by 0.4% during the 1st quarter. Stillwater Investment Management LLC now owns 50,245 shares of the chip maker’s stock valued at $3,216,000 after purchasing an additional 210 shares during the last quarter. Rempart Asset Management Inc. lifted its holdings in shares of Intel by 1.9% during the 1st quarter. Rempart Asset Management Inc. now owns 320,530 shares of the chip maker’s stock valued at $20,514,000 after purchasing an additional 5,825 shares during the last quarter. Thomasville National Bank lifted its holdings in shares of Intel by 1,069.8% during the 1st quarter. Thomasville National Bank now owns 211,595 shares of the chip maker’s stock valued at $11,451,000 after purchasing an additional 193,507 shares during the last quarter. Finally, Bard Financial Services Inc. purchased a new stake in shares of Intel during the 4th quarter valued at $9,578,000. Institutional investors own 63.25% of the company’s stock.

Shares of NASDAQ:INTC traded up $0.18 during trading on Thursday, reaching $66.43. 371,642 shares of the company’s stock traded hands, compared to its average volume of 36,173,594. Intel Co. has a fifty-two week low of $43.61 and a fifty-two week high of $67.44. The company has a quick ratio of 1.24, a current ratio of 1.66 and a debt-to-equity ratio of 0.48. The firm has a market cap of $270.53 billion, a PE ratio of 12.99, a P/E/G ratio of 1.63 and a beta of 0.74. The company has a 50-day simple moving average of $62.88 and a 200-day simple moving average of $54.07.

Intel (NASDAQ:INTC) last posted its earnings results on Wednesday, January 20th. The chip maker reported $1.52 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.42. Intel had a return on equity of 29.44% and a net margin of 28.10%. The firm had revenue of $19.98 billion for the quarter, compared to analysts’ expectations of $17.47 billion. During the same period last year, the firm earned $1.52 EPS. On average, equities research analysts forecast that Intel Co. will post 4.89 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 1st. Stockholders of record on Friday, May 7th will be given a dividend of $0.3475 per share. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Thursday, May 6th. Intel’s dividend payout ratio (DPR) is presently 28.54%.

In other news, CEO Robert Holmes Swan acquired 27,244 shares of the stock in a transaction that occurred on Monday, January 25th. The shares were bought at an average cost of $55.57 per share, for a total transaction of $1,513,949.08. Following the acquisition, the chief executive officer now owns 330,774 shares in the company, valued at approximately $18,381,111.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO George S. Davis acquired 9,095 shares of the stock in a transaction that occurred on Tuesday, January 26th. The stock was purchased at an average price of $55.34 per share, for a total transaction of $503,317.30. Following the completion of the acquisition, the chief financial officer now owns 71,223 shares in the company, valued at approximately $3,941,480.82. The disclosure for this purchase can be found here. 0.04% of the stock is owned by company insiders.

INTC has been the subject of several analyst reports. Rosenblatt Securities reiterated a “sell” rating and set a $40.00 price objective on shares of Intel in a report on Tuesday, January 19th. KeyCorp increased their price objective on Intel from $82.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, January 22nd. Wells Fargo & Company increased their price objective on Intel from $60.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, March 30th. Atlantic Securities upgraded Intel from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $36.00 to $55.00 in a report on Thursday, January 14th. Finally, Jefferies Financial Group raised their target price on Intel from $57.00 to $59.00 and gave the stock a “hold” rating in a research note on Tuesday, March 30th. Eleven research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have assigned a buy rating to the company. Intel presently has a consensus rating of “Hold” and a consensus price target of $63.64.

Intel Profile

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.

Read More: Correction

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.