Intel Corporation (INTC) Holdings Boosted by Legacy Private Trust Co.

Legacy Private Trust Co. grew its stake in shares of Intel Corporation (NASDAQ:INTC) by 47.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 122,218 shares of the chip maker’s stock after buying an additional 39,168 shares during the period. Legacy Private Trust Co.’s holdings in Intel Corporation were worth $4,124,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Watermark Asset Management Inc. bought a new position in Intel Corporation during the first quarter worth about $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in Intel Corporation by 53.0% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after buying an additional 1,400 shares during the last quarter. Vigilant Capital Management LLC boosted its holdings in Intel Corporation by 22.6% during 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. Farmers National Bank boosted its holdings in Intel Corporation by 5.1% during the first quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock worth $183,000 after buying an additional 234 shares during the last quarter. Finally, ARP Americas LLC bought a new position in Intel Corporation during the first quarter worth about $202,000. Hedge funds and other institutional investors own 67.02% of the company’s stock.

Intel Corporation (NASDAQ:INTC) traded down 0.68% during trading on Wednesday, hitting $39.38. The stock had a trading volume of 18,857,688 shares. The company has a 50-day moving average of $36.76 and a 200-day moving average of $35.86. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $39.95. The stock has a market capitalization of $15.91 billion, a P/E ratio of 15.03 and a beta of 1.07.

Intel Corporation (NASDAQ:INTC) last posted 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. The company had revenue of $14.76 billion during the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $0.59 earnings per share. On average, equities analysts expect that Intel Corporation will post $3.01 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be paid a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 2.75%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio is 41.76%.

A number of equities research analysts have recently commented on INTC shares. Canaccord Genuity reaffirmed a “buy” rating and set a $38.00 price target on shares of Intel Corporation in a research report on Wednesday, July 12th. Hilliard Lyons started coverage on Intel Corporation in a research report on Wednesday, July 12th. They set a “buy” rating and a $41.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 price target on shares of Intel Corporation in a research report on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “buy” rating and set a $39.00 price target on shares of Intel Corporation in a research report on Friday, July 14th. Finally, MKM Partners reaffirmed a “buy” rating and set a $42.00 price target on shares of Intel Corporation in a research report on Tuesday, July 18th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $40.71.

In related news, CEO Brian M. Krzanich sold 61,860 shares of Intel Corporation stock in a transaction on Monday, October 2nd. The stock was 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 owns 543,948 shares of the company’s stock, valued at $21,072,545.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Diane M. Bryant sold 1,639 shares of Intel Corporation stock in a transaction 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 sale, the executive vice president now directly owns 114,542 shares of the company’s stock, valued at approximately $3,968,880.30. The disclosure for this sale can be found here. Insiders have sold 81,608 shares of company stock valued at $3,095,110 in the last three months. 0.08% of the stock is owned by corporate insiders.

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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).

Institutional Ownership by Quarter for Intel Corporation (NASDAQ:INTC)

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