Schnieders Capital Management LLC Has $2.79 Million Holdings in Intel Corporation (INTC)
Schnieders Capital Management LLC grew its position in shares of Intel Corporation (NASDAQ:INTC) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 82,646 shares of the chip maker’s stock after buying an additional 868 shares during the quarter. Intel Corporation accounts for 1.3% of Schnieders Capital Management LLC’s investment portfolio, making the stock its 27th largest holding. Schnieders Capital Management LLC’s holdings in Intel Corporation were worth $2,788,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in INTC. Mount Vernon Associates Inc. MD raised its position in Intel Corporation by 0.4% during the 1st quarter. Mount Vernon Associates Inc. MD now owns 44,875 shares of the chip maker’s stock worth $1,619,000 after buying an additional 200 shares during the last quarter. Ledyard National Bank raised its position in Intel Corporation by 3.5% during the 1st quarter. Ledyard National Bank now owns 366,299 shares of the chip maker’s stock worth $13,213,000 after buying an additional 12,374 shares during the last quarter. Johanson Financial Advisors Inc. purchased a new position in Intel Corporation during the 1st quarter worth $962,000. Hengehold Capital Management LLC raised its position in Intel Corporation by 0.4% during the 1st quarter. Hengehold Capital Management LLC now owns 54,309 shares of the chip maker’s stock worth $1,959,000 after buying an additional 239 shares during the last quarter. Finally, Sabal Trust CO raised its position in Intel Corporation by 11.6% during the 1st quarter. Sabal Trust CO now owns 612,978 shares of the chip maker’s stock worth $22,110,000 after buying an additional 63,858 shares during the last quarter. Institutional investors own 67.02% of the company’s stock.
Intel Corporation (INTC) opened at 39.19 on Friday. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $39.95. The firm has a 50-day moving average of $37.02 and a 200-day moving average of $35.91. The firm has a market cap of $184.15 billion, a P/E ratio of 14.96 and a beta of 1.07.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The firm had revenue of $14.76 billion for the quarter, compared to analysts’ expectations of $14.39 billion. During the same period in the prior year, the business posted $0.59 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. On average, analysts expect that Intel Corporation will post $3.01 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be given a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio (DPR) is 41.76%.
In other Intel Corporation news, CEO Brian M. Krzanich sold 61,860 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $38.74, for a total value of $2,396,456.40. Following the sale, the chief executive officer now directly owns 543,948 shares in the company, valued at $21,072,545.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 13,996 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $35.47, for a total value of $496,438.12. Following the completion of the sale, the insider now owns 1,536 shares in the company, valued at $54,481.92. The disclosure for this sale can be found here. Insiders sold 81,608 shares of company stock worth $3,095,110 over the last quarter. Company insiders own 0.08% of the company’s stock.
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INTC has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of 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 downgraded shares of Intel Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Vetr upgraded shares of 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 restated an “outperform” rating on shares of Intel Corporation in a research report on Thursday, August 31st. Finally, BidaskClub upgraded shares of Intel Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. Intel Corporation presently has a consensus rating of “Hold” and an average target price of $40.75.
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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