Ronna Sue Cohen boosted its stake in Intel Corporation (NASDAQ:INTC) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,443 shares of the chip maker’s stock after buying an additional 1,058 shares during the period. Intel Corporation makes up approximately 2.8% of Ronna Sue Cohen’s portfolio, making the stock its 11th largest position. Ronna Sue Cohen’s holdings in Intel Corporation were worth $3,760,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Watermark Asset Management Inc. bought a new stake in Intel Corporation during the first quarter valued at $113,000. Orrstown Financial Services Inc. increased its stake in Intel Corporation by 96.6% in the first quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock valued at $134,000 after buying an additional 1,830 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Intel Corporation by 53.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock valued at $146,000 after buying an additional 1,400 shares during the last quarter. Vigilant Capital Management LLC increased its stake in Intel Corporation by 22.6% in the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after buying an additional 805 shares during the last quarter. Finally, Security Asset Management bought a new stake in Intel Corporation during the fourth quarter valued at $162,000. Institutional investors and hedge funds own 67.41% of the company’s stock.
Shares of Intel Corporation (NASDAQ:INTC) traded up 0.80% during midday trading on Wednesday, reaching $36.64. The company had a trading volume of 34,951,289 shares. The stock has a market capitalization of $172.17 billion, a PE ratio of 13.98 and a beta of 1.01. The stock’s 50 day moving average is $34.56 and its 200-day moving average is $35.72. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $38.45.
Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The company had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $14.39 billion. During the same period last year, the business posted $0.59 earnings per share. Intel Corporation’s revenue was up 9.1% on a year-over-year basis. On average, equities research analysts predict that Intel Corporation will post $2.86 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be issued a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Thursday, August 3rd. Intel Corporation’s payout ratio is currently 41.76%.
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INTC has been the subject of a number of research analyst reports. Credit Suisse Group reissued a “neutral” rating and issued a $35.00 price target on shares of Intel Corporation in a report on Thursday, April 6th. Wells Fargo & Company reissued an “outperform” rating and issued a $45.00 price target on shares of Intel Corporation in a report on Thursday, April 6th. Canaccord Genuity restated a “hold” rating and set a $38.00 price objective on shares of Intel Corporation in a report on Thursday, April 6th. Vetr upgraded Intel Corporation from a “hold” rating to a “buy” rating and set a $37.50 price objective on the stock in a report on Monday, April 10th. Finally, Mizuho restated a “buy” rating and set a $42.00 price objective on shares of Intel Corporation in a report on Tuesday, April 11th. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. Intel Corporation currently has an average rating of “Hold” and an average target price of $40.55.
In related news, EVP Diane M. Bryant sold 1,639 shares of Intel Corporation stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $34.65, for a total transaction of $56,791.35. Following the completion of the sale, the executive vice president now owns 114,542 shares of the company’s stock, valued at $3,968,880.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Diane M. Bryant sold 2,119 shares of Intel Corporation stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $34.68, for a total value of $73,486.92. Following the sale, the executive vice president now directly owns 108,471 shares of the company’s stock, valued at approximately $3,761,774.28. The disclosure for this sale can be found here. Insiders sold 76,501 shares of company stock valued at $2,581,891 over the last ninety days. Corporate insiders own 0.09% of the company’s stock.
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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