Texas Yale Capital Corp. boosted its position in Intel Corporation (NASDAQ:INTC) by 0.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 175,555 shares of the chip maker’s stock after purchasing an additional 9 shares during the quarter. Intel Corporation makes up approximately 0.5% of Texas Yale Capital Corp.’s investment portfolio, making the stock its 29th largest holding. Texas Yale Capital Corp.’s holdings in Intel Corporation were worth $5,923,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Watermark Asset Management Inc. purchased a new stake in shares of Intel Corporation during the first quarter worth about $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of Intel Corporation by 53.0% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after acquiring an additional 1,400 shares during the last quarter. Vigilant Capital Management LLC grew its stake in shares of Intel Corporation by 22.6% during the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after acquiring an additional 805 shares during the last quarter. Orrstown Financial Services Inc. grew its stake in shares of Intel Corporation by 23.0% during the second quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock worth $155,000 after acquiring an additional 857 shares during the last quarter. Finally, Winfield Associates Inc. grew its stake in shares of Intel Corporation by 6.0% during the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after acquiring an additional 265 shares during the last quarter. Institutional investors and hedge funds own 67.17% of the company’s stock.
Shares of Intel Corporation (NASDAQ INTC) opened at $45.86 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $47.30. The firm has a market capitalization of $214,110.00, a PE ratio of 14.39, a PEG ratio of 1.67 and a beta of 1.09.
Intel Corporation (NASDAQ:INTC) last issued its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.21. Intel Corporation had a return on equity of 22.65% and a net margin of 22.31%. The business had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. During the same quarter last year, the company earned $0.80 EPS. The business’s quarterly revenue was up 2.4% on a year-over-year basis. research analysts forecast that Intel Corporation will post 3.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be paid a dividend of $0.2725 per share. 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 2.38%. Intel Corporation’s dividend payout ratio is presently 38.11%.
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In related news, Chairman Andy D. Bryant sold 89,087 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $44.80, for a total transaction of $3,991,097.60. Following the transaction, the chairman now owns 428,789 shares in the company, valued at approximately $19,209,747.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total value of $66,543.52. Following the transaction, the insider now owns 1,536 shares in the company, valued at approximately $71,777.28. The disclosure for this sale can be found here. Insiders have sold a total of 659,036 shares of company stock worth $28,872,880 in the last 90 days. 0.08% of the stock is currently owned by company insiders.
A number of equities research analysts have recently weighed in on the company. Barclays PLC restated a “buy” rating and set a $55.00 price target on shares of Intel Corporation in a research note on Monday. Stifel Nicolaus reiterated a “buy” rating and issued a $50.00 target price on shares of Intel Corporation in a research report on Wednesday, November 1st. BMO Capital Markets upgraded Intel Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, October 30th. Sanford C. Bernstein set a $34.00 target price on Intel Corporation and gave the company a “sell” rating in a research report on Friday, October 27th. Finally, Canaccord Genuity upped their target price on Intel Corporation from $38.00 to $41.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Intel Corporation has an average rating of “Buy” and a consensus target price of $43.28.
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).
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