Kinsight LLC increased its position in Intel Corporation (NASDAQ:INTC) by 2.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,512 shares of the chip maker’s stock after buying an additional 181 shares during the period. Intel Corporation comprises approximately 0.1% of Kinsight LLC’s holdings, making the stock its 28th largest position. Kinsight LLC’s holdings in Intel Corporation were worth $220,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of INTC. Watermark Asset Management Inc. bought a new position in shares of Intel Corporation during the 1st quarter valued at about $113,000. Orrstown Financial Services Inc. boosted its holdings in shares of Intel Corporation by 96.6% during the 1st quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock valued at $134,000 after purchasing an additional 1,830 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in shares of Intel Corporation by 53.0% during 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 purchasing an additional 1,400 shares during the last quarter. Vigilant Capital Management LLC boosted its holdings in shares of Intel Corporation by 22.6% during the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after purchasing an additional 805 shares during the last quarter. Finally, Farmers National Bank boosted its holdings in shares of Intel Corporation by 5.1% during the 1st quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock valued at $183,000 after purchasing an additional 234 shares during the last quarter. 67.09% of the stock is owned by institutional investors.
Intel Corporation (INTC) traded up 1.43% on Friday, reaching $37.00. 33,596,072 shares of the company’s stock were exchanged. The company has a market capitalization of $173.86 billion, a P/E ratio of 14.12 and a beta of 1.02. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $38.45. The firm has a 50-day moving average price of $35.64 and a 200-day moving average price of $35.52.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. The company had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. Intel Corporation’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 EPS. Equities research analysts expect that Intel Corporation will post $3.01 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be given a dividend of $0.2725 per share. The ex-dividend date is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a yield of 2.95%. Intel Corporation’s payout ratio is currently 41.76%.
In other Intel Corporation news, CEO Brian M. Krzanich sold 72,173 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the completion of the transaction, the chief executive officer now owns 534,746 shares in the company, valued at approximately $18,015,592.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $36.40, for a total transaction of $51,833.60. Following the transaction, the insider now owns 1,536 shares of the company’s stock, valued at approximately $55,910.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 91,921 shares of company stock valued at $3,130,162. 0.08% of the stock is owned by insiders.
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Several research analysts have commented on the stock. B. Riley reissued a “buy” rating and set a $46.00 price objective on shares of Intel Corporation in a report on Friday, July 28th. BidaskClub raised shares of Intel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Vetr downgraded shares of 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. Zacks Investment Research downgraded shares of Intel Corporation from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, J P Morgan Chase & Co reissued an “overweight” rating on shares of Intel Corporation in a report on Thursday. Six investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $40.60.
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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