Intel Corp. (INTC) is Atwood & Palmer Inc.’s 5th Largest Position
Atwood & Palmer Inc. increased its stake in Intel Corp. (NASDAQ:INTC) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 610,949 shares of the chip maker’s stock after buying an additional 4,599 shares during the period. Intel Corp. comprises approximately 3.6% of Atwood & Palmer Inc.’s investment portfolio, making the stock its 5th largest position. Atwood & Palmer Inc.’s holdings in Intel Corp. were worth $20,039,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INTC. James Investment Research Inc. boosted its stake in Intel Corp. by 12.8% in the second quarter. James Investment Research Inc. now owns 661,825 shares of the chip maker’s stock valued at $21,708,000 after buying an additional 75,124 shares during the last quarter. Park National Corp OH boosted its stake in Intel Corp. by 2.7% in the second quarter. Park National Corp OH now owns 813,717 shares of the chip maker’s stock valued at $26,689,000 after buying an additional 21,481 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Intel Corp. by 5.2% in the second quarter. Nisa Investment Advisors LLC now owns 1,796,286 shares of the chip maker’s stock valued at $58,917,000 after buying an additional 89,568 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new stake in Intel Corp. during the first quarter valued at about $132,302,000. Finally, Svenska Handelsbanken AB publ acquired a new stake in Intel Corp. during the second quarter valued at about $44,489,000. Hedge funds and other institutional investors own 64.77% of the company’s stock.
Shares of Intel Corp. (NASDAQ:INTC) traded down 0.38% during trading on Wednesday, hitting $37.13. 14,053,813 shares of the stock were exchanged. The stock has a market cap of $175.66 billion, a P/E ratio of 18.01 and a beta of 1.09. The stock has a 50-day moving average of $36.69 and a 200 day moving average of $33.56. Intel Corp. has a 12-month low of $27.68 and a 12-month high of $38.36.
Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.06. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The business earned $13.50 billion during the quarter, compared to the consensus estimate of $13.54 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities analysts predict that Intel Corp. will post $2.58 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.80%. The ex-dividend date is Thursday, November 3rd. Intel Corp.’s dividend payout ratio (DPR) is presently 50.24%.
Several research firms recently issued reports on INTC. Royal Bank Of Canada reissued a “hold” rating on shares of Intel Corp. in a research note on Saturday, July 9th. B. Riley reaffirmed a “buy” rating and set a $42.00 price objective on shares of Intel Corp. in a research report on Tuesday, July 26th. Argus reaffirmed a “buy” rating and set a $41.00 price objective on shares of Intel Corp. in a research report on Monday, July 25th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Intel Corp. in a research report on Sunday, September 4th. Finally, Sanford C. Bernstein set a $31.00 price objective on Intel Corp. and gave the company a “hold” rating in a research report on Thursday, July 21st. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $39.66.
In other Intel Corp. news, Chairman Andy D. Bryant sold 445,095 shares of the business’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $34.69, for a total value of $15,440,345.55. Following the sale, the chairman now directly owns 399,557 shares in the company, valued at $13,860,632.33. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Gregory R. Pearson sold 1,506 shares of the business’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $34.46, for a total transaction of $51,896.76. Following the completion of the sale, the vice president now owns 84,505 shares in the company, valued at $2,912,042.30. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.
About Intel Corp.
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.
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