Whittier Trust Co. lifted its holdings in Intel Co. (NASDAQ:INTC) by 4.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 389,027 shares of the chip maker’s stock after buying an additional 15,707 shares during the quarter. Whittier Trust Co.’s holdings in Intel were worth $18,618,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of INTC. Fisher Asset Management LLC increased its stake in Intel by 3.3% during the 4th quarter. Fisher Asset Management LLC now owns 24,959,006 shares of the chip maker’s stock valued at $1,171,326,000 after buying an additional 803,207 shares during the period. FMR LLC increased its stake in Intel by 5.5% during the 1st quarter. FMR LLC now owns 21,740,723 shares of the chip maker’s stock valued at $1,167,477,000 after buying an additional 1,133,474 shares during the period. PNC Financial Services Group Inc. increased its stake in Intel by 5.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 15,417,125 shares of the chip maker’s stock valued at $723,526,000 after buying an additional 824,109 shares during the period. APG Asset Management N.V. increased its stake in Intel by 8.0% during the 4th quarter. APG Asset Management N.V. now owns 10,165,374 shares of the chip maker’s stock valued at $417,321,000 after buying an additional 755,800 shares during the period. Finally, Nordea Investment Management AB increased its stake in Intel by 1.7% during the 4th quarter. Nordea Investment Management AB now owns 7,145,109 shares of the chip maker’s stock valued at $335,319,000 after buying an additional 122,805 shares during the period. Institutional investors own 66.50% of the company’s stock.
Shares of INTC stock traded down $1.67 during trading on Monday, hitting $47.01. 11,202,628 shares of the company were exchanged, compared to its average volume of 20,575,874. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.48 and a quick ratio of 1.04. The company has a market capitalization of $215.65 billion, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of 1.48 and a beta of 0.88. The business’s 50-day moving average is $48.96. Intel Co. has a twelve month low of $42.36 and a twelve month high of $59.59.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 25th. The chip maker reported $1.06 EPS for the quarter, topping the consensus estimate of $0.89 by $0.17. The business had revenue of $16.51 billion during the quarter, compared to analysts’ expectations of $15.70 billion. Intel had a net margin of 28.05% and a return on equity of 28.84%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the company posted $1.04 earnings per share. On average, equities analysts predict that Intel Co. will post 4.37 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be paid a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Tuesday, August 6th. Intel’s dividend payout ratio (DPR) is presently 27.51%.
In other news, Chairman Andy D. Bryant sold 13,609 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $51.37, for a total value of $699,094.33. Following the completion of the sale, the chairman now directly owns 450,591 shares in the company, valued at $23,146,859.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Navin Shenoy sold 601 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $51.76, for a total transaction of $31,107.76. Following the completion of the sale, the executive vice president now owns 53,063 shares of the company’s stock, valued at $2,746,540.88. The disclosure for this sale can be found here. Insiders sold 32,762 shares of company stock valued at $1,654,765 over the last quarter. Corporate insiders own 0.02% of the company’s stock.
INTC has been the topic of several research analyst reports. SunTrust Banks reissued a “buy” rating and set a $58.00 target price (up previously from $54.00) on shares of Intel in a research note on Friday, July 26th. New Street Research set a $65.00 price objective on shares of Intel and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Citigroup reaffirmed a “neutral” rating and issued a $53.00 price objective (up previously from $50.00) on shares of Intel in a research note on Friday, July 26th. Morgan Stanley lifted their price objective on shares of Intel from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Finally, Daiwa Capital Markets cut shares of Intel from an “outperform” rating to a “neutral” rating in a research note on Monday, April 29th. Ten investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $54.31.
Intel Company Profile
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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