Atwood & Palmer Inc. raised its stake in Intel Corp. (NASDAQ:INTC) by 0.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 610,949 shares of the chip maker’s stock after buying an additional 4,599 shares during the period. Intel Corp. comprises 3.6% of Atwood & Palmer Inc.’s investment portfolio, making the stock its 5th largest position. Atwood & Palmer Inc.’s holdings in Intel Corp. were worth $20,039,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of INTC. James Investment Research Inc. boosted its stake in shares of Intel Corp. by 12.8% in the second quarter. James Investment Research Inc. now owns 661,825 shares of the chip maker’s stock valued at $21,708,000 after buying an additional 75,124 shares during the period. Park National Corp OH boosted its stake in shares of Intel Corp. by 2.7% in the second quarter. Park National Corp OH now owns 813,717 shares of the chip maker’s stock valued at $26,689,000 after buying an additional 21,481 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Intel Corp. by 5.2% in the second quarter. Nisa Investment Advisors LLC now owns 1,796,286 shares of the chip maker’s stock valued at $58,917,000 after buying an additional 89,568 shares during the period. NN Investment Partners Holdings N.V. acquired a new stake in shares of Intel Corp. during the first quarter valued at approximately $132,302,000. Finally, Svenska Handelsbanken AB publ acquired a new stake in shares of Intel Corp. during the second quarter valued at approximately $44,489,000. Hedge funds and other institutional investors own 64.77% of the company’s stock.
Intel Corp. (NASDAQ:INTC) traded down 0.38% during mid-day trading on Wednesday, reaching $37.13. The company had a trading volume of 14,053,813 shares. The stock has a 50-day moving average of $36.69 and a 200 day moving average of $33.56. The company has a market capitalization of $175.66 billion, a price-to-earnings ratio of 18.01 and a beta of 1.09. Intel Corp. has a 12-month low of $27.68 and a 12-month high of $38.36.
Intel Corp. (NASDAQ:INTC) last announced its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.06. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The business earned $13.50 billion during the quarter, compared to analyst estimates of $13.54 billion. During the same period in the prior year, the company earned $0.55 earnings per share. Intel Corp.’s revenue was up 2.6% compared to the same quarter last year. On average, analysts expect that Intel Corp. will post $2.58 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Thursday, November 3rd. Intel Corp.’s payout ratio is currently 50.24%.
INTC has been the topic of several recent analyst reports. Zacks Investment Research upgraded Intel Corp. from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Monday, September 26th. Vetr downgraded Intel Corp. from a “hold” rating to a “sell” rating and set a $34.32 price objective on the stock. in a report on Monday, August 29th. Wells Fargo & Co. restated a “buy” rating on shares of Intel Corp. in a report on Sunday, September 4th. BlueFin Research restated a “buy” rating on shares of Intel Corp. in a report on Monday, October 3rd. Finally, Morgan Stanley restated an “underweight” rating and set a $31.00 price objective on shares of Intel Corp. in a report on Wednesday, September 14th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Intel Corp. presently has a consensus rating of “Buy” and a consensus target price of $39.66.
In other news, CEO Brian M. Krzanich sold 67,508 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $37.71, for a total value of $2,545,726.68. Following the completion of the transaction, the chief executive officer now directly owns 420,506 shares of the company’s stock, valued at $15,857,281.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gregory R. Pearson sold 250,192 shares of the firm’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $36.50, for a total value of $9,132,008.00. Following the completion of the transaction, the vice president now directly owns 92,826 shares of the company’s stock, valued at $3,388,149. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.
About Intel Corp.
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.