Gratus Capital LLC grew its holdings in shares of Intel Corporation (NASDAQ:INTC) by 108.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,445 shares of the chip maker’s stock after purchasing an additional 49,557 shares during the quarter. Gratus Capital LLC’s holdings in Intel were worth $3,220,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Watermark Asset Management Inc. acquired a new position in Intel in the 1st quarter valued at $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in Intel by 53.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after purchasing an additional 1,400 shares during the last quarter. Vigilant Capital Management LLC grew its position in Intel by 22.6% in the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after purchasing an additional 805 shares during the last quarter. Winfield Associates Inc. grew its position in Intel by 6.0% in the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after purchasing an additional 265 shares during the last quarter. Finally, Farmers National Bank grew its position in Intel by 5.1% in the 1st quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock worth $183,000 after purchasing an additional 234 shares during the last quarter. Institutional investors and hedge funds own 67.69% of the company’s stock.
Several analysts have issued reports on the stock. Sanford C. Bernstein set a $30.00 price target on shares of Intel and gave the stock a “sell” rating in a research report on Tuesday, August 15th. Royal Bank Of Canada restated a “sector perform” rating and issued a $40.00 price target (up from $37.00) on shares of Intel in a research report on Friday, October 6th. KeyCorp restated a “buy” rating and issued a $50.00 price target on shares of Intel in a research report on Friday, October 27th. Needham & Company LLC restated a “buy” rating and issued a $43.00 price target on shares of Intel in a research report on Friday, October 27th. Finally, Deutsche Bank reiterated a “buy” rating and set a $45.00 target price on shares of Intel in a research report on Friday, October 27th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $43.40.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.21. The business had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $15.73 billion. Intel had a net margin of 22.31% and a return on equity of 22.65%. Intel’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 earnings per share. analysts predict that Intel Corporation will post 3.25 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Tuesday, November 7th were paid a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Monday, November 6th. Intel’s dividend payout ratio (DPR) is 38.25%.
In related news, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction of $39,323,708.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total transaction of $66,543.52. Following the transaction, the insider now owns 1,536 shares of the company’s stock, valued at approximately $71,777.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,548,914 shares of company stock valued at $68,196,589. 0.08% of the stock is currently owned by insiders.
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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).
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