Seminole Management Co. Inc. acquired a new position in Intel Corporation (NASDAQ:INTC) during the first quarter, according to its most recent filing with the SEC. The fund acquired 95,000 shares of the chip maker’s stock, valued at approximately $3,427,000.
Several other institutional investors also recently bought and sold shares of the company. Orrstown Financial Services Inc. boosted its position 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 worth $134,000 after buying an additional 1,830 shares during the last quarter. Vigilant Capital Management LLC boosted its position 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 worth $158,000 after buying an additional 805 shares during the last quarter. ARP Americas LLC bought a new position in Intel Corporation during the first quarter worth $202,000. Cordasco Financial Network boosted its position in Intel Corporation by 0.7% in the first quarter. Cordasco Financial Network now owns 5,699 shares of the chip maker’s stock worth $206,000 after buying an additional 38 shares during the last quarter. Finally, Baystate Wealth Management LLC boosted its position in Intel Corporation by 101.2% in the first quarter. Baystate Wealth Management LLC now owns 5,737 shares of the chip maker’s stock worth $204,000 after buying an additional 2,885 shares during the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.
Intel Corporation (NASDAQ:INTC) traded down 0.12% during trading on Friday, hitting $34.67. 14,726,829 shares of the stock were exchanged. The stock’s 50-day moving average price is $35.18 and its 200-day moving average price is $35.58. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $38.45. The firm has a market cap of $162.91 billion, a PE ratio of 13.23 and a beta of 1.01.
Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $14.76 billion during the quarter, compared to analyst estimates of $14.39 billion. During the same period in the previous year, the firm earned $0.59 EPS. Intel Corporation’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities analysts expect that Intel Corporation will post $3.01 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 7th will be given a $0.2725 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $1.09 annualized dividend and a dividend yield of 3.14%. Intel Corporation’s dividend payout ratio is presently 41.76%.
A number of research firms recently weighed in on INTC. B. Riley reaffirmed a “buy” rating and set a $44.00 price objective on shares of Intel Corporation in a research report on Wednesday, May 3rd. BidaskClub raised shares of Intel Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Vetr raised shares of Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $41.56 price objective for the company in a research report on Thursday. Jefferies Group LLC set a $38.00 price objective on shares of Intel Corporation and gave the stock a “hold” rating in a research report on Saturday, June 3rd. Finally, Sanford C. Bernstein set a $30.00 price objective on shares of Intel Corporation and gave the stock a “sell” rating in a research report on Tuesday, August 15th. Seven research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $40.58.
In related news, CEO Brian M. Krzanich sold 72,173 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $33.69, for a total value of $2,431,508.37. Following the completion of the transaction, the chief executive officer now directly owns 534,746 shares in the company, valued at approximately $18,015,592.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Diane M. Bryant sold 1,639 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $34.65, for a total value of $56,791.35. Following the completion of the transaction, the executive vice president now owns 114,542 shares of the company’s stock, valued at $3,968,880.30. The disclosure for this sale can be found here. Insiders sold a total of 91,921 shares of company stock valued at $3,130,162 over the last quarter. 0.09% of the stock is owned by insiders.
About Intel Corporation
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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