Strategic Financial Services Inc decreased its position in shares of Intel Corp. (NASDAQ:INTC) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,013 shares of the chip maker’s stock after selling 1,002 shares during the period. Strategic Financial Services Inc’s holdings in Intel Corp. were worth $3,103,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of INTC. D. Scott Neal Inc. increased its stake in shares of Intel Corp. by 0.7% in the second quarter. D. Scott Neal Inc. now owns 4,969 shares of the chip maker’s stock valued at $163,000 after buying an additional 35 shares in the last quarter. Hudock Capital Group LLC increased its stake in shares of Intel Corp. by 0.4% in the second quarter. Hudock Capital Group LLC now owns 14,694 shares of the chip maker’s stock valued at $481,000 after buying an additional 62 shares in the last quarter. Accredited Investors Inc. increased its stake in shares of Intel Corp. by 0.4% in the first quarter. Accredited Investors Inc. now owns 20,443 shares of the chip maker’s stock valued at $661,000 after buying an additional 73 shares in the last quarter. Fruth Investment Management increased its stake in shares of Intel Corp. by 0.6% in the second quarter. Fruth Investment Management now owns 13,489 shares of the chip maker’s stock valued at $442,000 after buying an additional 75 shares in the last quarter. Finally, Prentiss Smith & Co. Inc. increased its stake in shares of Intel Corp. by 0.4% in the second quarter. Prentiss Smith & Co. Inc. now owns 17,730 shares of the chip maker’s stock valued at $582,000 after buying an additional 75 shares in the last quarter. 64.77% of the stock is currently owned by institutional investors.
Shares of Intel Corp. (NASDAQ:INTC) traded up 0.08% during trading on Friday, hitting $38.10. The stock had a trading volume of 16,942,539 shares. The stock’s 50-day moving average price is $36.55 and its 200 day moving average price is $33.47. The stock has a market cap of $180.25 billion, a price-to-earnings ratio of 18.48 and a beta of 1.09. Intel Corp. has a one year low of $27.68 and a one year high of $38.31.
Intel Corp. (NASDAQ:INTC) last released its quarterly earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.06. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The company earned $13.50 billion during the quarter, compared to analysts’ expectations of $13.54 billion. During the same period in the prior year, the company earned $0.55 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, equities analysts forecast that Intel Corp. will post $2.58 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s dividend payout ratio (DPR) is 50.24%.
Several brokerages have weighed in on INTC. Royal Bank Of Canada reissued a “hold” rating on shares of Intel Corp. in a report on Saturday, July 9th. B. Riley restated a “buy” rating and issued a $42.00 price objective on shares of Intel Corp. in a research note on Thursday, July 21st. Robert W. Baird raised their price objective on Intel Corp. from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 6th. Citigroup Inc. restated a “neutral” rating and issued a $35.00 price objective (up from $31.00) on shares of Intel Corp. in a research note on Thursday, June 30th. Finally, Cowen and Company raised their price objective on Intel Corp. from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, September 16th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $39.59.
In other news, EVP Venkata S. M. Renduchintala sold 13,997 shares of the company’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $34.71, for a total transaction of $485,835.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian M. Krzanich sold 67,508 shares of the company’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $37.71, for a total transaction of $2,545,726.68. Following the transaction, the chief executive officer now directly owns 420,506 shares of the company’s stock, valued at approximately $15,857,281.26. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.
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.