OmniStar Financial Group Inc. lifted its position in Intel Co. (NASDAQ:INTC) by 1.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,251 shares of the chip maker’s stock after acquiring an additional 228 shares during the period. OmniStar Financial Group Inc.’s holdings in Intel were worth $837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ogorek Anthony Joseph NY ADV boosted its holdings in Intel by 500.0% during the second quarter. Ogorek Anthony Joseph NY ADV now owns 600 shares of the chip maker’s stock valued at $28,000 after acquiring an additional 500 shares during the period. Global Trust Asset Management LLC raised its position in Intel by 273.2% in the second quarter. Global Trust Asset Management LLC now owns 3,336 shares of the chip maker’s stock worth $45,000 after purchasing an additional 2,442 shares in the last quarter. Next Capital Management LLC acquired a new position in Intel in the second quarter worth about $48,000. Intercontinental Wealth Advisors LLC raised its position in Intel by 83.0% in the third quarter. Intercontinental Wealth Advisors LLC now owns 992 shares of the chip maker’s stock worth $51,000 after purchasing an additional 450 shares in the last quarter. Finally, Lenox Wealth Advisors LLC raised its position in Intel by 117.4% in the third quarter. Lenox Wealth Advisors LLC now owns 1,000 shares of the chip maker’s stock worth $52,000 after purchasing an additional 540 shares in the last quarter. 65.89% of the stock is currently owned by institutional investors.
Shares of NASDAQ INTC traded up $0.98 during midday trading on Friday, hitting $52.09. 24,109,847 shares of the company’s stock traded hands, compared to its average volume of 18,505,604. Intel Co. has a 1 year low of $42.36 and a 1 year high of $59.59. The stock has a market capitalization of $220.28 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 1.51 and a beta of 0.91. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.48. The firm has a fifty day moving average of $49.72 and a 200 day moving average of $49.56.
Intel (NASDAQ:INTC) last released its earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.17. Intel had a net margin of 28.05% and a return on equity of 28.84%. The company had revenue of $16.51 billion during the quarter, compared to analyst estimates of $15.70 billion. During the same period in the prior year, the firm posted $1.04 EPS. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, equities analysts anticipate that Intel Co. will post 4.38 earnings per share for the current year.
The company also recently announced a — dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 7th will be given a dividend of $0.315 per share. The ex-dividend date is Wednesday, November 6th. This represents a dividend yield of 2.4%. Intel’s dividend payout ratio is currently 27.51%.
Several analysts have recently weighed in on INTC shares. UBS Group reaffirmed a “buy” rating and set a $58.00 price objective on shares of Intel in a report on Friday, July 26th. Robert W. Baird set a $65.00 price objective on shares of Intel and gave the company a “buy” rating in a research note on Wednesday, September 4th. Jefferies Financial Group set a $40.00 price target on shares of Intel and gave the stock a “sell” rating in a research report on Friday, July 26th. Deutsche Bank reissued a “buy” rating and set a $62.00 price target (up from $60.00) on shares of Intel in a research report on Friday, July 26th. Finally, Loop Capital initiated coverage on shares of Intel in a report on Monday, August 12th. They set a “hold” rating and a $50.00 price objective on the stock. Eight research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nineteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $53.79.
In other news, Director Frank D. Yeary sold 2,509 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $51.18, for a total transaction of $128,410.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Andy D. Bryant sold 13,609 shares of the firm’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 transaction, the chairman now owns 450,591 shares in the company, valued at approximately $23,146,859.67. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,541 shares of company stock valued at $2,135,306. 0.02% of the stock is owned by corporate insiders.
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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