Larson Financial Group LLC raised its stake in Intel Co. (NASDAQ:INTC) by 42.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,707 shares of the chip maker’s stock after buying an additional 1,107 shares during the period. Larson Financial Group LLC’s holdings in Intel were worth $191,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of INTC. Delta Asset Management LLC TN grew its stake in Intel by 0.9% in the 2nd quarter. Delta Asset Management LLC TN now owns 23,170 shares of the chip maker’s stock worth $1,109,000 after acquiring an additional 200 shares during the period. Mount Vernon Associates Inc. MD grew its stake in Intel by 0.4% in the 2nd quarter. Mount Vernon Associates Inc. MD now owns 46,004 shares of the chip maker’s stock worth $2,202,000 after acquiring an additional 200 shares during the period. Forte Capital LLC ADV grew its stake in Intel by 2.0% in the 3rd quarter. Forte Capital LLC ADV now owns 10,263 shares of the chip maker’s stock worth $529,000 after acquiring an additional 201 shares during the period. NTV Asset Management LLC grew its stake in Intel by 0.7% in the 2nd quarter. NTV Asset Management LLC now owns 28,219 shares of the chip maker’s stock worth $1,351,000 after acquiring an additional 208 shares during the period. Finally, Landsberg Bennett & Dubbaneh LLC boosted its holdings in shares of Intel by 3.0% in the 2nd quarter. Landsberg Bennett & Dubbaneh LLC now owns 7,066 shares of the chip maker’s stock valued at $340,000 after purchasing an additional 209 shares during the last quarter. 65.89% of the stock is owned by institutional investors.
In other Intel news, Director Reed E. Hundt sold 10,000 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $52.45, for a total value of $524,500.00. Following the transaction, the director now owns 44,400 shares in the company, valued at approximately $2,328,780. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert Holmes Swan bought 10,918 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was bought at an average cost of $45.70 per share, with a total value of $498,952.60. Following the transaction, the chief executive officer now directly owns 168,955 shares in the company, valued at approximately $7,721,243.50. The disclosure for this purchase can be found here. Insiders sold a total of 41,541 shares of company stock worth $2,135,306 in the last quarter. 0.02% of the stock is currently owned by company insiders.
INTC stock traded up $1.28 during trading on Friday, reaching $52.39. The stock had a trading volume of 6,137,094 shares, 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 company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $220.28 billion, a P/E ratio of 11.44, a PEG ratio of 1.51 and a beta of 0.91. The firm has a fifty day moving average price of $49.72 and a 200 day moving average price of $49.56.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 25th. The chip maker reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.17. Intel had a net margin of 28.05% and a return on equity of 28.84%. The firm had revenue of $16.51 billion for the quarter, compared to analyst estimates of $15.70 billion. During the same quarter in the previous year, the business posted $1.04 EPS. The firm’s revenue was down 2.7% compared to the same quarter last year. Sell-side analysts predict that Intel Co. will post 4.38 EPS for the current year.
The company also recently disclosed a — dividend, which will be paid on Sunday, December 1st. Shareholders of record on Thursday, November 7th will be issued a $0.315 dividend. The ex-dividend date is Wednesday, November 6th. This represents a yield of 2.4%. Intel’s dividend payout ratio is currently 27.51%.
A number of brokerages have weighed in on INTC. Northland Securities upgraded shares of Intel from an “under perform” rating to a “market perform” rating and set a $48.00 price target on the stock in a report on Friday, August 16th. Cascend Securities reiterated a “buy” rating and issued a $65.00 price target (up previously from $55.00) on shares of Intel in a report on Friday, July 26th. Loop Capital began coverage on shares of Intel in a report on Monday, August 12th. They issued a “hold” rating and a $50.00 price target on the stock. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $64.00 price target on shares of Intel in a report on Friday, July 26th. Finally, Wedbush lifted their price target on shares of Intel from $37.50 to $42.90 and gave the company an “underperform” rating in a report on Friday, July 26th. Eight equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nineteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $53.79.
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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