GHP Investment Advisors Inc. boosted its stake in Intel Corporation (NASDAQ:INTC) by 12.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,664 shares of the chip maker’s stock after buying an additional 11,306 shares during the period. GHP Investment Advisors Inc.’s holdings in Intel were worth $3,396,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of INTC. Watermark Asset Management Inc. acquired a new stake in Intel during the 1st quarter worth about $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of Intel 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 purchasing an additional 1,400 shares in the last quarter. Vigilant Capital Management LLC raised its stake in shares of Intel 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 purchasing an additional 805 shares in the last quarter. Winfield Associates Inc. raised its stake in shares of Intel 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 purchasing an additional 265 shares in the last quarter. Finally, Farmers National Bank raised its stake in shares of Intel by 5.1% during the 1st quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock worth $183,000 after purchasing an additional 234 shares in the last quarter. 67.69% of the stock is currently owned by institutional investors.
In other Intel news, CEO Brian M. Krzanich sold 61,860 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the completion of the sale, the chief executive officer now directly owns 543,948 shares in the company, valued at $21,072,545.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Diane M. Bryant sold 1,639 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $40.91, for a total transaction of $67,051.49. Following the sale, the executive vice president now owns 113,086 shares of the company’s stock, valued at $4,626,348.26. The disclosure for this sale can be found here. Insiders sold 1,548,914 shares of company stock valued at $68,196,589 over the last quarter. 0.08% of the stock is owned by company insiders.
A number of research analysts recently weighed in on INTC shares. Argus reissued a “buy” rating and issued a $45.00 price objective on shares of Intel in a research note on Wednesday, August 23rd. Vetr downgraded Intel from a “strong-buy” rating to a “buy” rating and set a $40.26 price target on the stock. in a research report on Tuesday, August 8th. Loop Capital reaffirmed a “buy” rating and issued a $45.00 price target on shares of Intel in a research report on Tuesday, August 22nd. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Thursday, August 17th. Finally, BidaskClub raised Intel from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. Intel presently has a consensus rating of “Buy” and an average target price of $43.68.
Intel Corporation (INTC) opened at $43.25 on Wednesday. The firm has a market cap of $208,213.20, a price-to-earnings ratio of 13.99, a PEG ratio of 1.63 and a beta of 1.06. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $47.30. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27.
Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.21. Intel had a net margin of 22.31% and a return on equity of 22.65%. The firm had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $15.73 billion. During the same quarter in the prior year, the firm posted $0.80 earnings per share. The business’s quarterly revenue was up 2.4% on a year-over-year basis. research analysts expect that Intel Corporation will post 3.25 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Tuesday, November 7th were given a $0.2725 dividend. The ex-dividend date of this dividend was Monday, November 6th. This represents a $1.09 annualized dividend and a yield of 2.52%. Intel’s dividend payout ratio (DPR) is presently 38.11%.
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Intel 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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