Whittier Trust Co. of Nevada Inc. decreased its stake in shares of Intel Corporation (NASDAQ:INTC) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 229,909 shares of the chip maker’s stock after selling 2,853 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Intel Corporation were worth $7,755,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Watermark Asset Management Inc. bought a new position in Intel Corporation during the first quarter valued at $113,000. Orrstown Financial Services Inc. raised 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 valued at $134,000 after buying an additional 1,830 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position 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 raised 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 valued at $158,000 after buying an additional 805 shares during the last quarter. Finally, Security Asset Management bought a new position in Intel Corporation during the fourth quarter valued at $162,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.
Shares of Intel Corporation (NASDAQ INTC) traded down 0.45% during midday trading on Friday, reaching $35.01. The company had a trading volume of 16,231,408 shares. The company has a market capitalization of $164.51 billion, a PE ratio of 13.36 and a beta of 1.01. Intel Corporation has a one year low of $33.23 and a one year high of $38.45. The company has a 50 day moving average of $35.09 and a 200 day moving average of $35.65.
Intel Corporation (NASDAQ:INTC) last posted its earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The business had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $14.39 billion. During the same quarter in the previous year, the firm posted $0.59 EPS. The firm’s revenue was up 9.1% on a year-over-year basis. Analysts predict that Intel Corporation will post $3.01 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 7th will be given a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Thursday, August 3rd. Intel Corporation’s dividend payout ratio (DPR) is presently 41.76%.
Several equities analysts have weighed in on INTC shares. Sanford C. Bernstein reissued a “sell” rating on shares of Intel Corporation in a research note on Tuesday, April 25th. B. Riley reissued a “buy” rating and issued a $44.00 target price on shares of Intel Corporation in a research note on Friday, April 28th. Jefferies Group LLC lowered Intel Corporation to a “hold” rating and increased their target price for the company from $36.00 to $38.00 in a research note on Friday, April 28th. Cowen and Company reissued a “market perform” rating and issued a $39.00 target price on shares of Intel Corporation in a research note on Friday, April 28th. Finally, Mizuho reissued a “buy” rating on shares of Intel Corporation in a research note on Friday, April 28th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-seven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $40.55.
In other Intel Corporation news, CFO Robert Holmes Swan acquired 13,888 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was purchased at an average price of $36.31 per share, with a total value of $504,273.28. Following the transaction, the chief financial officer now directly owns 8,774 shares in the company, valued at approximately $318,583.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $36.40, for a total transaction of $51,833.60. Following the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $55,910.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,921 shares of company stock valued at $3,130,162. 0.09% of the stock is currently owned by insiders.
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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