Intel Corporation (INTC) Position Increased by Pennsylvania Trust Co
Pennsylvania Trust Co boosted its holdings in shares of Intel Corporation (NASDAQ:INTC) by 49.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 386,638 shares of the chip maker’s stock after purchasing an additional 127,421 shares during the quarter. Pennsylvania Trust Co’s holdings in Intel Corporation were worth $13,045,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Summit Asset Management LLC grew its holdings in Intel Corporation by 0.7% during the 1st quarter. Summit Asset Management LLC now owns 6,281 shares of the chip maker’s stock valued at $227,000 after buying an additional 46 shares in the last quarter. First Hawaiian Bank grew its holdings in Intel Corporation by 0.9% during the 1st quarter. First Hawaiian Bank now owns 5,769 shares of the chip maker’s stock valued at $208,000 after buying an additional 50 shares in the last quarter. First Command Financial Services Inc. grew its holdings in Intel Corporation by 0.4% during the 1st quarter. First Command Financial Services Inc. now owns 12,607 shares of the chip maker’s stock valued at $455,000 after buying an additional 51 shares in the last quarter. Conservest Capital Advisors Inc. grew its holdings in Intel Corporation by 0.6% during the 2nd quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock valued at $302,000 after buying an additional 51 shares in the last quarter. Finally, Hudock Capital Group LLC grew its holdings in Intel Corporation by 0.4% during the 1st quarter. Hudock Capital Group LLC now owns 12,570 shares of the chip maker’s stock valued at $453,000 after buying an additional 53 shares in the last quarter. 67.03% of the stock is currently owned by institutional investors.
Shares of Intel Corporation (NASDAQ INTC) traded up 0.3279% during trading on Thursday, hitting $37.6631. The company’s stock had a trading volume of 7,271,023 shares. Intel Corporation has a one year low of $33.23 and a one year high of $38.45. The company has a 50-day moving average price of $35.74 and a 200-day moving average price of $35.53. The stock has a market cap of $176.98 billion, a PE ratio of 14.3752 and a beta of 1.02.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The business had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.59 EPS. Equities analysts predict that Intel Corporation will post $3.01 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be paid a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio (DPR) is 41.76%.
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In other news, CEO Brian M. Krzanich sold 72,173 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the sale, the chief executive officer now owns 534,746 shares of the company’s stock, valued at approximately $18,015,592.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Diane M. Bryant sold 1,639 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $34.65, for a total value of $56,791.35. Following the sale, the executive vice president now directly owns 114,542 shares in the company, valued at approximately $3,968,880.30. The disclosure for this sale can be found here. Insiders have sold a total of 91,921 shares of company stock worth $3,130,162 in the last three months. Corporate insiders own 0.08% of the company’s stock.
Several research firms have weighed in on INTC. Jefferies Group LLC restated an “underperform” rating and set a $30.00 price target (up previously from $29.00) on shares of Intel Corporation in a report on Friday, July 28th. They noted that the move was a valuation call. Sanford C. Bernstein set a $30.00 price target on Intel Corporation and gave the company a “sell” rating in a report on Tuesday, August 15th. Hilliard Lyons began coverage on Intel Corporation in a report on Wednesday, July 12th. They set a “buy” rating and a $41.00 price target for the company. Canaccord Genuity restated a “hold” rating on shares of Intel Corporation in a report on Saturday, June 3rd. Finally, Northland Securities set a $40.00 price target on Intel Corporation and gave the company a “hold” rating in a report on Friday, July 28th. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Intel Corporation currently has an average rating of “Hold” and an average price target of $40.57.
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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