Intel Corporation (INTC) is BLB&B Advisors LLC’s 3rd Largest Position
BLB&B Advisors LLC continued to hold its stake in shares of Intel Corporation (NASDAQ:INTC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 402,145 shares of the chip maker’s stock at the end of the second quarter. Intel Corporation comprises 2.5% of BLB&B Advisors LLC’s portfolio, making the stock its 3rd largest position. BLB&B Advisors LLC’s holdings in Intel Corporation were worth $14,505,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of INTC. Watermark Asset Management Inc. acquired a new position in shares of Intel Corporation during the first quarter worth $113,000. Orrstown Financial Services Inc. raised its position in shares of Intel Corporation by 96.6% in the first quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock worth $134,000 after buying an additional 1,830 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised 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 in the last quarter. Vigilant Capital Management LLC raised 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 in the last quarter. Finally, Farmers National Bank raised its position in shares of Intel Corporation by 5.1% in the first quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock worth $183,000 after buying an additional 234 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.
Intel Corporation (INTC) traded down 0.17% during mid-day trading on Friday, reaching $34.65. The company’s stock had a trading volume of 5,889,918 shares. The firm has a market capitalization of $162.82 billion, a price-to-earnings ratio of 13.23 and a beta of 1.01. The company’s 50-day moving average price is $35.15 and its 200 day moving average price is $35.59. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $38.45.
Intel Corporation (NASDAQ:INTC) last released its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.04. The business had revenue of $14.76 billion during the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the business earned $0.59 EPS. On average, equities analysts forecast that Intel Corporation will post $3.01 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 7th will be issued a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, August 3rd. Intel Corporation’s payout ratio is 41.76%.
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A number of brokerages have weighed in on INTC. B. Riley restated a “buy” rating and issued a $44.00 target price on shares of Intel Corporation in a research note on Friday, April 28th. Vetr upgraded Intel Corporation from a “sell” rating to a “hold” rating and set a $35.44 target price on the stock in a research note on Monday, May 1st. Jefferies Group LLC set a $38.00 price objective on Intel Corporation and gave the company a “hold” rating in a research report on Saturday, June 3rd. Royal Bank Of Canada reiterated a “sell” rating on shares of Intel Corporation in a research report on Thursday. Finally, BidaskClub lowered Intel Corporation from a “hold” rating to a “sell” rating in a research report on Friday. Seven investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $40.58.
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 transaction of $51,833.60. Following the completion of the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $55,910.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at $54,481.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 91,921 shares of company stock valued at $3,130,162. Company insiders own 0.09% of the company’s stock.
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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