Intel Corporation (INTC) Holdings Maintained by Heritage Wealth Advisors
Heritage Wealth Advisors maintained its position in Intel Corporation (NASDAQ:INTC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,934 shares of the chip maker’s stock at the close of the second quarter. Heritage Wealth Advisors’ holdings in Intel Corporation were worth $200,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INTC. Summit Asset Management LLC grew its position in shares of 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 acquiring an additional 46 shares during the period. First Hawaiian Bank grew its position in shares of 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 acquiring an additional 50 shares during the period. Conservest Capital Advisors Inc. grew its position in shares of 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 acquiring an additional 51 shares during the period. Hudock Capital Group LLC grew its position in shares of 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 acquiring an additional 53 shares during the period. Finally, Benin Management CORP grew its position in shares of Intel Corporation by 0.3% during the 2nd quarter. Benin Management CORP now owns 26,055 shares of the chip maker’s stock valued at $879,000 after acquiring an additional 84 shares during the period. Institutional investors and hedge funds own 67.02% of the company’s stock.
A number of equities research analysts have recently commented on the company. B. Riley restated a “buy” rating and set a $46.00 target price on shares of Intel Corporation in a research report on Friday, July 28th. Vetr upgraded Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $49.90 target price on the stock in a research report on Tuesday. BidaskClub upgraded Intel Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Mizuho restated a “buy” rating and set a $45.00 target price (up from $42.00) on shares of Intel Corporation in a research report on Monday, October 9th. Finally, Sanford C. Bernstein set a $30.00 target price on Intel Corporation and gave the company a “sell” rating in a research report on Tuesday, August 15th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. Intel Corporation presently has an average rating of “Hold” and an average price target of $40.91.
Intel Corporation (INTC) opened at 39.76 on Tuesday. The firm has a market cap of $186.83 billion, a P/E ratio of 15.18 and a beta of 1.07. The firm has a 50-day moving average of $37.23 and a 200 day moving average of $35.94. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $39.95.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The company 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 firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the business earned $0.59 EPS. On average, analysts predict that Intel Corporation will post $3.01 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be issued a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Monday, November 6th. Intel Corporation’s dividend payout ratio is currently 41.76%.
In other Intel Corporation news, EVP Diane M. Bryant sold 2,119 shares of the firm’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $34.68, for a total transaction of $73,486.92. Following the completion of the transaction, the executive vice president now directly owns 108,471 shares of the company’s stock, valued at approximately $3,761,774.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brian M. Krzanich sold 61,860 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the transaction, the chief executive officer now directly owns 543,948 shares of the company’s stock, valued at $21,072,545.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 81,608 shares of company stock valued at $3,095,110. 0.08% of the stock is owned by company insiders.
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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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