Security National Bank of Sioux City Iowa IA Cuts Position in Intel Corporation (INTC)

Security National Bank of Sioux City Iowa IA trimmed its position in Intel Corporation (NASDAQ:INTC) by 4.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,972 shares of the chip maker’s stock after selling 956 shares during the period. Security National Bank of Sioux City Iowa IA’s holdings in Intel Corporation were worth $829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. increased its position in shares of Intel Corporation by 3.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 23,861,041 shares of the chip maker’s stock valued at $860,668,000 after acquiring an additional 764,551 shares during the period. Fisher Asset Management LLC increased its position in shares of Intel Corporation by 1.0% in the 1st quarter. Fisher Asset Management LLC now owns 20,167,657 shares of the chip maker’s stock valued at $727,447,000 after acquiring an additional 207,118 shares during the period. Russell Investments Group Ltd. increased its position in shares of Intel Corporation by 0.8% in the 1st quarter. Russell Investments Group Ltd. now owns 9,075,156 shares of the chip maker’s stock valued at $327,403,000 after acquiring an additional 68,534 shares during the period. Pictet Asset Management Ltd. increased its position in shares of Intel Corporation by 11.9% in the 1st quarter. Pictet Asset Management Ltd. now owns 8,323,744 shares of the chip maker’s stock valued at $300,238,000 after acquiring an additional 882,905 shares during the period. Finally, DnB Asset Management AS increased its position in shares of Intel Corporation by 654.3% in the 1st quarter. DnB Asset Management AS now owns 5,433,478 shares of the chip maker’s stock valued at $195,986,000 after acquiring an additional 4,713,168 shares during the period. 67.09% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Intel Corporation (INTC) traded up 1.2432% during midday trading on Tuesday, reaching $36.2147. 7,512,363 shares of the company were exchanged. The stock’s 50-day moving average price is $35.43 and its 200-day moving average price is $35.51. The company has a market capitalization of $170.17 billion, a PE ratio of 13.8224 and a beta of 1.02. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $38.45.

Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.04. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The firm had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $14.39 billion. During the same period in the prior year, the firm posted $0.59 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. Analysts anticipate that Intel Corporation will post $3.01 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 7th were paid a dividend of $0.2725 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.09 dividend on an annualized basis and a yield of 3.05%. Intel Corporation’s dividend payout ratio (DPR) is 41.76%.

In other news, insider Venkata S. M. Renduchintala sold 13,996 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $35.47, for a total value of $496,438.12. Following the transaction, the insider now directly owns 1,536 shares in the company, valued at approximately $54,481.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $36.40, for a total transaction of $51,833.60. Following the completion of the transaction, the insider now owns 1,536 shares in the company, valued at $55,910.40. The disclosure for this sale can be found here. Insiders have sold a total of 91,921 shares of company stock worth $3,130,162 over the last quarter. 0.08% of the stock is currently owned by insiders.

INTC has been the topic of several research reports. Zacks Investment Research raised Intel Corporation from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Wednesday, September 6th. ValuEngine downgraded Intel Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Vetr raised Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $41.56 price target on the stock in a research report on Thursday, August 24th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Intel Corporation in a research report on Thursday, August 31st. Finally, BidaskClub raised Intel Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Six analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $40.55.

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Intel Corporation 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).

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

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