Toronto Dominion Bank Increases Stake in Intel Corporation (INTC)

Toronto Dominion Bank increased its holdings in shares of Intel Corporation (NASDAQ:INTC) by 24.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,625,055 shares of the chip maker’s stock after acquiring an additional 319,401 shares during the period. Toronto Dominion Bank owned approximately 0.40% of Intel worth $54,820,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of INTC. Lourd Capital LLC raised its holdings in Intel by 1.1% in the first quarter. Lourd Capital LLC now owns 9,094 shares of the chip maker’s stock worth $328,000 after buying an additional 99 shares during the last quarter. Virtu Financial LLC purchased a new position in Intel in the first quarter worth about $822,000. Alerus Financial NA raised its holdings in Intel by 3.5% in the first quarter. Alerus Financial NA now owns 66,462 shares of the chip maker’s stock worth $2,397,000 after buying an additional 2,238 shares during the last quarter. Vigilant Capital Management LLC raised its holdings in Intel by 22.6% in the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after buying an additional 805 shares during the last quarter. Finally, Wetherby Asset Management Inc. raised its holdings in Intel by 0.8% in the first quarter. Wetherby Asset Management Inc. now owns 91,792 shares of the chip maker’s stock worth $3,311,000 after buying an additional 706 shares during the last quarter. 67.69% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Diane M. Bryant sold 1,639 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $40.91, for a total value of $67,051.49. Following the sale, the executive vice president now directly owns 113,086 shares in the company, valued at approximately $4,626,348.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian M. Krzanich sold 61,860 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the completion of the sale, the chief executive officer now owns 543,948 shares in the company, valued at $21,072,545.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,548,914 shares of company stock worth $68,196,589. 0.08% of the stock is owned by company insiders.

Several research analysts have recently weighed in on INTC shares. Canaccord Genuity boosted their price objective on shares of Intel from $41.00 to $45.00 and gave the company a “hold” rating in a report on Friday, November 17th. Barclays reissued a “buy” rating and set a $55.00 price objective on shares of Intel in a report on Monday, November 13th. Stifel Nicolaus reissued a “buy” rating and set a $50.00 price objective on shares of Intel in a report on Wednesday, November 1st. Instinet boosted their price objective on shares of Intel to $50.00 and gave the company a “buy” rating in a report on Tuesday, December 5th. Finally, Sanford C. Bernstein set a $34.00 price objective on shares of Intel and gave the company a “sell” rating in a report on Friday, October 27th. Five investment 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 stock. The company currently has a consensus rating of “Buy” and an average target price of $43.97.

Intel Corporation (NASDAQ INTC) opened at $43.26 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $47.30. The stock has a market cap of $202,460.00, a PE ratio of 13.63, a price-to-earnings-growth ratio of 1.58 and a beta of 1.06.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.21. Intel had a net margin of 22.31% and a return on equity of 22.65%. The company had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $15.73 billion. During the same period in the prior year, the business earned $0.80 EPS. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. equities analysts anticipate that Intel Corporation will post 3.25 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This news story was originally posted by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international trademark and copyright law. The legal version of this news story can be accessed at https://www.com-unik.info/2017/12/15/toronto-dominion-bank-increases-stake-in-intel-corporation-intc.html.

About Intel

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).

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corporation (NASDAQ:INTC).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit