Gilbert & Cook Inc. raised its position in shares of Intel Corporation (NASDAQ:INTC) by 76.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,358 shares of the chip maker’s stock after purchasing an additional 4,937 shares during the quarter. Gilbert & Cook Inc.’s holdings in Intel Corporation were worth $383,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Watermark Asset Management Inc. acquired a new position in shares of Intel Corporation in the 1st quarter valued at about $113,000. Orrstown Financial Services Inc. lifted its holdings in shares of Intel Corporation by 96.6% in the 1st quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock valued at $134,000 after buying an additional 1,830 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in shares of 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 valued at $146,000 after buying an additional 1,400 shares during the period. Vigilant Capital Management LLC lifted its holdings in shares of Intel Corporation by 22.6% in the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after buying an additional 805 shares during the period. Finally, Farmers National Bank lifted its holdings in shares of Intel Corporation by 5.1% in the 1st quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock valued at $183,000 after buying an additional 234 shares during the period. Institutional investors and hedge funds own 67.03% of the company’s stock.
Intel Corporation (NASDAQ INTC) opened at 37.18 on Friday. The firm has a market cap of $174.71 billion, a price-to-earnings ratio of 14.19 and a beta of 1.02. The firm has a 50-day moving average of $35.74 and a 200-day moving average of $35.53. Intel Corporation has a one year low of $33.23 and a one year high of $38.45.
Intel Corporation (NASDAQ:INTC) last posted its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The business had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. During the same period last year, the business posted $0.59 EPS. Intel Corporation’s revenue was up 9.1% compared to the same quarter last year. Analysts anticipate that Intel Corporation will post $3.01 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be paid a $0.2725 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a yield of 2.93%. Intel Corporation’s payout ratio is presently 41.76%.
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Several brokerages have recently issued reports on INTC. B. Riley reissued a “buy” rating and issued a $46.00 price objective on shares of Intel Corporation in a report on Friday, July 28th. BidaskClub raised Intel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Vetr cut Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.26 price objective for the company. in a report on Tuesday, August 8th. Jefferies Group LLC set a $38.00 price objective on Intel Corporation and gave the company a “hold” rating in a report on Saturday, June 3rd. Finally, Sanford C. Bernstein set a $30.00 price objective on Intel Corporation and gave the company a “sell” rating in a report on Tuesday, August 15th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $40.57.
In other Intel Corporation news, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $36.40, for a total value of $51,833.60. Following the sale, the insider now directly owns 1,536 shares in the company, valued at approximately $55,910.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Venkata S. M. Renduchintala sold 13,996 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $35.47, for a total transaction of $496,438.12. Following the completion of the sale, the insider now owns 1,536 shares in the company, valued at $54,481.92. The disclosure for this sale can be found here. Insiders sold a total of 91,921 shares of company stock worth $3,130,162 over the last quarter. 0.08% of the stock is currently owned by company insiders.
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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