Lodestar Investment Counsel LLC IL Grows Position in Intel Corporation (INTC)

Lodestar Investment Counsel LLC IL boosted its position in shares of Intel Corporation (NASDAQ:INTC) by 9.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 199,797 shares of the chip maker’s stock after purchasing an additional 17,522 shares during the period. Lodestar Investment Counsel LLC IL’s holdings in Intel Corporation were worth $6,741,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in INTC. Watermark Asset Management Inc. acquired a new stake in shares of Intel Corporation in the first quarter worth about $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in shares of Intel Corporation by 53.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after buying an additional 1,400 shares during the last quarter. Vigilant Capital Management LLC lifted its position in shares of Intel Corporation by 22.6% in the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after buying an additional 805 shares during the last quarter. Orrstown Financial Services Inc. lifted its position in shares of Intel Corporation by 23.0% in the second quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock worth $155,000 after buying an additional 857 shares during the last quarter. Finally, Farmers National Bank lifted its position 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 worth $183,000 after purchasing an additional 234 shares during the last quarter. 67.03% of the stock is owned by hedge funds and other institutional investors.

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Several equities analysts recently weighed in on INTC shares. Zacks Investment Research raised Intel Corporation from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Wednesday, September 6th. ValuEngine cut Intel Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Vetr raised Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $41.56 price objective for the company in a research report on Thursday, August 24th. Credit Suisse Group reissued an “outperform” rating on shares of Intel Corporation in a research report on Thursday, August 31st. Finally, BidaskClub raised Intel Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $40.64.

In related news, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction on Monday, August 7th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Brian M. Krzanich sold 72,173 shares of the 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 transaction, the chief executive officer now directly owns 534,746 shares in the company, valued at approximately $18,015,592.74. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 91,921 shares of company stock worth $3,130,162. 0.08% of the stock is owned by insiders.

Shares of Intel Corporation (INTC) traded down 0.81% during trading on Wednesday, hitting $36.93. 7,839,428 shares of the stock were exchanged. The stock’s 50 day moving average price is $35.74 and its 200 day moving average price is $35.53. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $38.45. The firm has a market capitalization of $173.53 billion, a price-to-earnings ratio of 14.10 and a beta of 1.02.

Intel Corporation (NASDAQ:INTC) last released its earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The company had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. During the same quarter last year, the firm earned $0.59 EPS. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities analysts predict that Intel Corporation will post $3.01 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be issued a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio is currently 41.76%.

Intel Corporation Company 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).

Institutional Ownership by Quarter for Intel Corporation (NASDAQ:INTC)

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