Hemenway Trust Co LLC grew its holdings in shares of Intel Co. (NASDAQ:INTC) by 2.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,389 shares of the chip maker’s stock after purchasing an additional 4,865 shares during the period. Intel comprises about 1.8% of Hemenway Trust Co LLC’s portfolio, making the stock its 26th biggest position. Hemenway Trust Co LLC’s holdings in Intel were worth $9,514,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Elmwood Wealth Management Inc. acquired a new position in shares of Intel during the first quarter worth about $110,000. Financial Gravity Wealth Inc. acquired a new position in shares of Intel during the first quarter worth about $120,000. WP Advisors LLC acquired a new position in shares of Intel during the second quarter worth about $137,000. Well Done LLC acquired a new position in shares of Intel during the first quarter worth about $156,000. Finally, PDS Planning Inc acquired a new position in shares of Intel during the first quarter worth about $159,000. Institutional investors own 65.37% of the company’s stock.
In related news, CEO Robert Holmes Swan purchased 5,243 shares of the business’s stock in a transaction dated Monday, July 30th. The stock was acquired at an average price 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 of the company’s stock, valued at $3,418,037.68. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Navin Shenoy sold 601 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $47.69, for a total value of $28,661.69. Following the sale, the executive vice president now owns 40,903 shares of the company’s stock, valued at approximately $1,950,664.07. The disclosure for this sale can be found here. Insiders sold 4,077 shares of company stock valued at $205,757 over the last three months. Corporate insiders own 0.03% of the company’s stock.
INTC stock opened at $44.88 on Friday. The company has a market capitalization of $221.24 billion, a PE ratio of 12.97, a PEG ratio of 1.35 and a beta of 0.97. Intel Co. has a twelve month low of $39.28 and a twelve month high of $57.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.15.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, July 26th. The chip maker reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.05. The business had revenue of $16.96 billion during the quarter, compared to the consensus estimate of $16.78 billion. Intel had a return on equity of 27.33% and a net margin of 20.07%. The company’s revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 earnings per share. On average, sell-side analysts predict that Intel Co. will post 4.15 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Wednesday, November 7th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Tuesday, November 6th. Intel’s payout ratio is currently 34.68%.
A number of equities analysts recently issued reports on INTC shares. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $68.00 price target on shares of Intel in a report on Monday, October 1st. MKM Partners lowered their price target on Intel to $58.00 and set a “buy” rating for the company in a report on Friday, August 24th. BidaskClub downgraded Intel from a “sell” rating to a “strong sell” rating in a report on Friday, September 14th. Bank of America downgraded Intel from a “buy” rating to a “neutral” rating and lowered their price target for the company from $62.00 to $56.00 in a report on Friday, July 27th. Finally, Northland Securities raised Intel from an “under perform” rating to a “market perform” rating in a report on Thursday, September 13th. Six investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty have issued a buy rating to the company. Intel has an average rating of “Hold” and an average target price of $55.08.
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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