Willingdon Wealth Management increased its position in Intel Corp. (NASDAQ:INTC) by 6.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,900 shares of the chip maker’s stock after buying an additional 5,630 shares during the period. Intel Corp. makes up approximately 1.6% of Willingdon Wealth Management’s portfolio, making the stock its 16th largest position. Willingdon Wealth Management’s holdings in Intel Corp. were worth $3,080,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of INTC. Institutional Capital LLC increased its position in Intel Corp. by 360.2% in the first quarter. Institutional Capital LLC now owns 10,182,033 shares of the chip maker’s stock worth $329,388,000 after buying an additional 7,969,512 shares in the last quarter. NN Investment Partners Holdings N.V. acquired a new position in Intel Corp. during the first quarter worth about $132,302,000. Natixis increased its position in Intel Corp. by 1,486.7% in the first quarter. Natixis now owns 3,005,998 shares of the chip maker’s stock worth $97,244,000 after buying an additional 2,816,554 shares in the last quarter. Geode Capital Management LLC increased its position in Intel Corp. by 5.8% in the first quarter. Geode Capital Management LLC now owns 44,204,897 shares of the chip maker’s stock worth $1,427,513,000 after buying an additional 2,414,858 shares in the last quarter. Finally, Primecap Management Co. CA increased its position in Intel Corp. by 6.0% in the first quarter. Primecap Management Co. CA now owns 31,713,985 shares of the chip maker’s stock worth $1,025,947,000 after buying an additional 1,808,825 shares in the last quarter. Institutional investors and hedge funds own 64.77% of the company’s stock.
Intel Corp. (NASDAQ:INTC) traded up 1.15% during mid-day trading on Friday, hitting $37.75. 24,279,306 shares of the stock were exchanged. The company has a 50-day moving average price of $36.13 and a 200-day moving average price of $33.27. The company has a market cap of $178.60 billion, a P/E ratio of 18.31 and a beta of 0.93. Intel Corp. has a one year low of $27.68 and a one year high of $38.05.
Intel Corp. (NASDAQ:INTC) last announced its quarterly earnings results on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.06. The business earned $13.50 billion during the quarter, compared to analysts’ expectations of $13.54 billion. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 EPS. On average, analysts predict that Intel Corp. will post $2.58 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.04 annualized dividend and a dividend yield of 2.75%. Intel Corp.’s payout ratio is 50.24%.
INTC has been the topic of a number of recent research reports. Cowen and Company reiterated a “market perform” rating and set a $36.00 price objective (up from $32.00) on shares of Intel Corp. in a research note on Monday, July 11th. Evercore ISI upgraded shares of Intel Corp. from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Tuesday, September 6th. Vetr downgraded shares of Intel Corp. from a “hold” rating to a “sell” rating and set a $31.46 target price for the company. in a research note on Monday, July 4th. Royal Bank Of Canada raised their target price on shares of Intel Corp. from $33.00 to $34.00 and gave the company a “sector perform” rating in a research note on Friday, July 8th. Finally, Zacks Investment Research downgraded shares of Intel Corp. from a “buy” rating to a “hold” rating in a research note on Monday, September 5th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $39.26.
In related news, VP Gregory R. Pearson sold 1,506 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $34.46, for a total value of $51,896.76. Following the completion of the sale, the vice president now directly owns 84,505 shares in the company, valued at approximately $2,912,042.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Andy D. Bryant sold 445,095 shares of the business’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $34.69, for a total value of $15,440,345.55. Following the completion of the sale, the chairman now owns 399,557 shares of the company’s stock, valued at $13,860,632.33. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.
Intel Corp. Company Profile
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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