GW Henssler & Associates Ltd. Grows Stake in Intel Corporation (INTC)
GW Henssler & Associates Ltd. lifted its position in Intel Corporation (NASDAQ:INTC) by 2.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 394,417 shares of the chip maker’s stock after buying an additional 9,418 shares during the period. Intel Corporation makes up about 1.4% of GW Henssler & Associates Ltd.’s investment portfolio, making the stock its 20th biggest position. GW Henssler & Associates Ltd.’s holdings in Intel Corporation were worth $13,308,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Watermark Asset Management Inc. purchased a new position in shares of Intel Corporation in the 1st quarter worth $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Intel Corporation by 53.0% in the 1st 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 during the last quarter. Orrstown Financial Services Inc. boosted its stake in shares of Intel Corporation by 23.0% in the 2nd quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock worth $155,000 after buying an additional 857 shares during the last quarter. Winfield Associates Inc. boosted its stake in shares of Intel Corporation by 6.0% in the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after buying an additional 265 shares during the last quarter. Finally, Vigilant Capital Management LLC boosted its stake in shares of Intel Corporation by 22.6% in the 1st 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 during the last quarter. Hedge funds and other institutional investors own 67.17% of the company’s stock.
A number of equities analysts have recently issued reports on the company. Stifel Nicolaus restated a “buy” rating and issued a $50.00 price target on shares of Intel Corporation in a research note on Wednesday, November 1st. Canaccord Genuity raised their price target on Intel Corporation from $38.00 to $41.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. Sanford C. Bernstein set a $34.00 price target on Intel Corporation and gave the stock a “sell” rating in a research note on Friday, October 27th. BMO Capital Markets upgraded Intel Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, October 30th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $50.00 target price (up from $45.00) on shares of Intel Corporation in a report on Friday, October 27th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $43.00.
In other Intel Corporation news, insider Stacy J. Smith sold 472,337 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $44.23, for a total value of $20,891,465.51. Following the sale, the insider now directly owns 265,298 shares of the company’s stock, valued at $11,734,130.54. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Diane M. Bryant sold 570 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $44.49, for a total transaction of $25,359.30. Following the completion of the sale, the executive vice president now directly owns 110,850 shares in the company, valued at $4,931,716.50. The disclosure for this sale can be found here. Insiders have sold 659,036 shares of company stock worth $28,872,880 over the last three months. Corporate insiders own 0.08% of the company’s stock.
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Shares of Intel Corporation (NASDAQ:INTC) opened at $45.58 on Monday. The firm has a market cap of $213,314.41, a price-to-earnings ratio of 14.33, a PEG ratio of 1.67 and a beta of 1.09. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $47.30.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. The firm had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 earnings per share. analysts predict that Intel Corporation will post 3.25 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be issued a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, November 6th. Intel Corporation’s dividend payout ratio (DPR) is presently 38.11%.
About Intel Corporation
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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