Grove Bank & Trust increased its position in shares of Intel Corporation (NASDAQ:INTC) by 29.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,343 shares of the chip maker’s stock after purchasing an additional 2,774 shares during the quarter. Grove Bank & Trust’s holdings in Intel Corporation were worth $416,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the stock. Watermark Asset Management Inc. bought a new stake in Intel Corporation during the 1st quarter worth about $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in Intel Corporation by 53.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after acquiring an additional 1,400 shares during the last quarter. Orrstown Financial Services Inc. grew its holdings in Intel Corporation by 23.0% during the 2nd quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock worth $155,000 after acquiring an additional 857 shares during the last quarter. Winfield Associates Inc. grew its holdings in Intel Corporation by 6.0% during the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after acquiring an additional 265 shares during the last quarter. Finally, Vigilant Capital Management LLC grew its holdings in Intel Corporation by 22.6% during the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after acquiring an additional 805 shares during the last quarter. Institutional investors and hedge funds own 67.11% of the company’s stock.
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In other Intel Corporation news, CEO Brian M. Krzanich sold 61,860 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 543,948 shares in the company, valued at $21,072,545.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Diane M. Bryant sold 2,119 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $41.06, for a total value of $87,006.14. Following the completion of the sale, the executive vice president now owns 114,091 shares of the company’s stock, valued at approximately $4,684,576.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 81,038 shares of company stock valued at $3,098,786. Company insiders own 0.08% of the company’s stock.
Shares of Intel Corporation (NASDAQ:INTC) opened at 44.40 on Friday. The stock has a market capitalization of $208.64 billion, a price-to-earnings ratio of 16.95 and a beta of 1.07. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $45.00. The company has a 50-day moving average price of $38.32 and a 200-day moving average price of $36.19.
Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. The company had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $15.73 billion. Intel Corporation had a return on equity of 22.96% and a net margin of 22.31%. Intel Corporation’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 earnings per share. On average, equities analysts anticipate that Intel Corporation will post $3.01 earnings per share 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 2.45%. The ex-dividend date is Monday, November 6th. Intel Corporation’s payout ratio is 38.11%.
Several research analysts have recently issued reports on INTC shares. Zacks Investment Research lowered shares of Intel Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Credit Suisse Group reissued an “outperform” rating on shares of Intel Corporation in a research note on Thursday, August 31st. Needham & Company LLC reissued a “buy” rating and set a $43.00 price objective on shares of Intel Corporation in a research note on Wednesday, July 12th. BidaskClub lowered shares of Intel Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Vetr raised shares of Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $44.36 price objective on the stock in a research note on Wednesday, October 11th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. Intel Corporation presently has an average rating of “Buy” and an average target price of $42.69.
Intel Corporation Company 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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