Allen Capital Group LLC acquired a new position in Intel Co. (NASDAQ:INTC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,254 shares of the chip maker’s stock, valued at approximately $211,000.
A number of other institutional investors have also recently bought and sold shares of INTC. Virtue Capital Management LLC purchased a new position in shares of Intel during the fourth quarter worth approximately $109,000. Elmwood Wealth Management Inc. purchased a new position in shares of Intel during the first quarter worth approximately $110,000. Financial Gravity Wealth Inc. purchased a new position in shares of Intel during the first quarter worth approximately $120,000. Well Done LLC purchased a new position in shares of Intel during the first quarter worth approximately $156,000. Finally, PDS Planning Inc purchased a new position in shares of Intel during the first quarter worth approximately $159,000. 65.37% of the stock is currently owned by institutional investors.
INTC has been the topic of a number of research reports. BidaskClub lowered shares of Intel from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 12th. Northland Securities lowered shares of Intel from a “market perform” rating to an “underperform” rating in a research report on Monday, June 18th. Stifel Nicolaus raised their target price on shares of Intel from $57.00 to $60.00 and gave the stock a “hold” rating in a research report on Thursday, June 21st. Wells Fargo & Co reaffirmed a “buy” rating and set a $65.00 target price on shares of Intel in a research report on Thursday, June 21st. Finally, Sanford C. Bernstein reaffirmed a “neutral” rating and set a $54.00 target price on shares of Intel in a research report on Thursday, June 21st. Six analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-one have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $54.84.
In other news, CEO Robert Holmes Swan bought 5,243 shares of the stock in a transaction on Monday, July 30th. The stock was bought at an average cost of $47.69 per share, for a total transaction of $250,038.67. Following the completion of the purchase, the chief executive officer now directly owns 71,672 shares in the company, valued at $3,418,037.68. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven Ralph Rodgers sold 2,213 shares of the firm’s stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $52.43, for a total transaction of $116,027.59. Following the completion of the sale, the executive vice president now owns 23,268 shares of the company’s stock, valued at $1,219,941.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,077 shares of company stock valued at $205,757. 0.03% of the stock is owned by insiders.
Shares of INTC stock opened at $47.03 on Monday. The company has a market cap of $221.24 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 1.35 and a beta of 0.97. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.15 and a current ratio of 1.57. Intel Co. has a 52-week low of $38.98 and a 52-week high of $57.60.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 26th. The chip maker reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.05. The company had revenue of $16.96 billion for the quarter, compared to analyst estimates of $16.78 billion. Intel had a net margin of 20.07% and a return on equity of 27.33%. Intel’s revenue was up 14.9% compared to the same quarter last year. During the same period last year, the company posted $0.72 earnings per share. Sell-side analysts anticipate that Intel Co. will post 4.15 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Wednesday, November 7th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $1.20 annualized dividend and a yield of 2.55%. Intel’s dividend payout ratio (DPR) is 34.68%.
Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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