Endurance Wealth Management Inc. raised its stake in shares of Intel Corp. (NASDAQ:INTC) by 0.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 42,271 shares of the chip maker’s stock after buying an additional 100 shares during the period. Endurance Wealth Management Inc.’s holdings in Intel Corp. were worth $1,387,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the stock. First Trust Advisors LP increased its position in Intel Corp. by 77.2% in the second quarter. First Trust Advisors LP now owns 4,989,680 shares of the chip maker’s stock worth $163,662,000 after buying an additional 2,174,240 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Intel Corp. during the second quarter worth $232,000. Staley Capital Advisers Inc. increased its position in Intel Corp. by 1.4% in the second quarter. Staley Capital Advisers Inc. now owns 559,580 shares of the chip maker’s stock worth $18,354,000 after buying an additional 7,460 shares in the last quarter. BB&T Securities LLC increased its position in Intel Corp. by 4.9% in the second quarter. BB&T Securities LLC now owns 896,380 shares of the chip maker’s stock worth $29,401,000 after buying an additional 42,009 shares in the last quarter. Finally, Hugh Johnson Advisors LLC increased its position in Intel Corp. by 3.9% in the second quarter. Hugh Johnson Advisors LLC now owns 13,749 shares of the chip maker’s stock worth $451,000 after buying an additional 516 shares in the last quarter. 64.77% of the stock is currently owned by institutional investors.
Intel Corp. (NASDAQ:INTC) traded up 1.434% during trading on Friday, hitting $37.855. The company had a trading volume of 14,182,086 shares. The company’s 50 day moving average price is $36.05 and its 200-day moving average price is $33.22. The company has a market cap of $179.09 billion, a PE ratio of 18.358 and a beta of 0.93. Intel Corp. has a 12 month low of $27.68 and a 12 month high of $38.05.
Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. The company earned $13.50 billion during the quarter, compared to analysts’ expectations of $13.54 billion. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 EPS. Equities analysts expect that Intel Corp. will post $2.58 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be given a $0.26 dividend. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 2.79%. Intel Corp.’s payout ratio is currently 50.24%.
Several research firms have recently commented on INTC. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Intel Corp. in a research note on Saturday, July 9th. B. Riley reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Intel Corp. in a research note on Thursday, July 21st. Robert W. Baird raised their price objective on Intel Corp. from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 6th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $35.00 price objective (up previously from $31.00) on shares of Intel Corp. in a research note on Thursday, June 30th. Finally, Cowen and Company raised their price objective on Intel Corp. from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, September 16th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $39.26.
In other Intel Corp. news, VP Gregory R. Pearson sold 1,506 shares of the company’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $34.46, for a total value of $51,896.76. Following the completion of the transaction, the vice president now directly owns 84,505 shares of the company’s stock, valued at approximately $2,912,042.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Gregory R. Pearson sold 5,662 shares of the company’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $34.87, for a total transaction of $197,433.94. Following the completion of the transaction, the vice president now directly owns 86,635 shares of the company’s stock, valued at $3,020,962.45. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.
About Intel Corp.
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.
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