OLD Second National Bank of Aurora reduced its stake in Intel Corp. (NASDAQ:INTC) by 3.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 183,279 shares of the chip maker’s stock after selling 6,323 shares during the period. Intel Corp. comprises 2.8% of OLD Second National Bank of Aurora’s investment portfolio, making the stock its largest position. OLD Second National Bank of Aurora’s holdings in Intel Corp. were worth $6,012,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Carnick & Kubik LLC bought a new stake in Intel Corp. during the first quarter valued at about $100,000. Parasol Investment Management LLC increased its stake in Intel Corp. by 34.3% in the second quarter. Parasol Investment Management LLC now owns 3,990 shares of the chip maker’s stock valued at $131,000 after buying an additional 1,020 shares during the last quarter. American National Bank increased its stake in Intel Corp. by 103.2% in the second quarter. American National Bank now owns 4,459 shares of the chip maker’s stock valued at $146,000 after buying an additional 2,265 shares during the last quarter. D. Scott Neal Inc. increased its stake in Intel Corp. by 0.7% in the second quarter. D. Scott Neal Inc. now owns 4,969 shares of the chip maker’s stock valued at $163,000 after buying an additional 35 shares during the last quarter. Finally, CapWealth Advisors LLC increased its stake in Intel Corp. by 43.9% in the first quarter. CapWealth Advisors LLC now owns 5,493 shares of the chip maker’s stock valued at $178,000 after buying an additional 1,676 shares during the last quarter. Hedge funds and other institutional investors own 64.77% of the company’s stock.
Shares of Intel Corp. (NASDAQ:INTC) traded up 0.08% during trading on Friday, reaching $38.10. The company’s stock had a trading volume of 16,942,539 shares. The stock has a 50-day moving average of $36.55 and a 200-day moving average of $33.47. Intel Corp. has a 52-week low of $27.68 and a 52-week high of $38.31. The stock has a market cap of $180.25 billion, a P/E ratio of 18.48 and a beta of 1.09.
Intel Corp. (NASDAQ:INTC) last issued its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, topping the consensus estimate of $0.53 by $0.06. The firm earned $13.50 billion during the quarter, compared to the consensus estimate of $13.54 billion. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 earnings per share. Analysts predict that Intel Corp. will post $2.58 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Thursday, November 3rd. Intel Corp.’s payout ratio is 50.24%.
Several research firms have issued reports on INTC. Royal Bank Of Canada restated a “hold” rating on shares of Intel Corp. in a report on Saturday, July 9th. B. Riley restated a “buy” rating and set a $42.00 price objective on shares of Intel Corp. in a report on Thursday, July 21st. Robert W. Baird boosted their price objective on Intel Corp. from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, September 6th. Citigroup Inc. restated a “neutral” rating and set a $35.00 price objective (up previously from $31.00) on shares of Intel Corp. in a report on Thursday, June 30th. Finally, Cowen and Company lifted their target price on Intel Corp. from $36.00 to $38.00 and gave the company 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 assigned a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company. Intel Corp. presently has a consensus rating of “Buy” and a consensus price target of $39.59.
In related news, Chairman Andy D. Bryant sold 445,095 shares of the stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $34.69, for a total transaction of $15,440,345.55. Following the completion of the sale, the chairman now directly owns 399,557 shares of the company’s stock, valued at $13,860,632.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian M. Krzanich sold 67,508 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $37.71, for a total value of $2,545,726.68. Following the sale, the chief executive officer now directly owns 420,506 shares of the company’s stock, valued at $15,857,281.26. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.
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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