Girard Partners LTD. increased its position in shares of Intel Corporation (NASDAQ:INTC) by 11.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 201,334 shares of the chip maker’s stock after acquiring an additional 20,030 shares during the period. Intel makes up about 1.5% of Girard Partners LTD.’s investment portfolio, making the stock its 12th largest position. Girard Partners LTD.’s holdings in Intel were worth $6,793,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in INTC. Watermark Asset Management Inc. acquired a new position in Intel during the first quarter worth about $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in Intel by 53.0% during the first 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 period. Winfield Associates Inc. grew its holdings in Intel by 6.0% during the second 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 period. Vigilant Capital Management LLC grew its holdings in Intel by 22.6% during the first 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 period. Finally, Burt Wealth Advisors boosted its position in shares of Intel by 236.1% in the 2nd quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock valued at $166,000 after purchasing an additional 3,471 shares during the period. 67.70% of the stock is currently owned by hedge funds and other institutional investors.
INTC has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Intel from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Wednesday, September 6th. ValuEngine lowered Intel from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Vetr upgraded Intel from a “buy” rating to a “strong-buy” rating and set a $41.56 price target for the company in a research report on Thursday, August 24th. Credit Suisse Group reiterated an “outperform” rating on shares of Intel in a research report on Thursday, August 31st. Finally, Stifel Nicolaus increased their price target on Intel from $41.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. Intel currently has an average rating of “Buy” and an average price target of $43.40.
Shares of Intel Corporation (INTC) opened at $44.68 on Friday. Intel Corporation has a 1 year low of $33.23 and a 1 year high of $47.30. The company has a market capitalization of $209,851.20, a PE ratio of 14.10, a price-to-earnings-growth ratio of 1.64 and a beta of 1.06. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60.
Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The business had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. Intel had a return on equity of 22.65% and a net margin of 22.31%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 EPS. equities analysts predict that Intel Corporation will post 3.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th were issued a dividend of $0.2725 per share. The ex-dividend date was Monday, November 6th. This represents a $1.09 annualized dividend and a dividend yield of 2.44%. Intel’s dividend payout ratio is 38.11%.
In other news, Chairman Andy D. Bryant sold 89,087 shares of Intel stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $44.80, for a total transaction of $3,991,097.60. Following the completion of the sale, the chairman now directly owns 428,789 shares in the company, valued at approximately $19,209,747.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Brian M. Krzanich sold 61,860 shares of Intel stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $38.74, for a total value of $2,396,456.40. Following the sale, the chief executive officer now 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 quarter, insiders have sold 1,548,914 shares of company stock valued at $68,196,589. 0.08% of the stock is owned by corporate insiders.
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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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