Iowa State Bank raised its position in shares of Intel Co. (NASDAQ:INTC) by 28.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 104,758 shares of the chip maker’s stock after buying an additional 23,287 shares during the period. Intel comprises 2.0% of Iowa State Bank’s portfolio, making the stock its 13th biggest position. Iowa State Bank’s holdings in Intel were worth $5,398,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ogorek Anthony Joseph NY ADV grew its stake in shares of Intel by 500.0% during the second quarter. Ogorek Anthony Joseph NY ADV now owns 600 shares of the chip maker’s stock valued at $28,000 after purchasing an additional 500 shares during the last quarter. Intercontinental Wealth Advisors LLC grew its stake in shares of Intel by 83.0% during the third quarter. Intercontinental Wealth Advisors LLC now owns 992 shares of the chip maker’s stock valued at $51,000 after purchasing an additional 450 shares during the last quarter. Lenox Wealth Advisors LLC grew its stake in shares of Intel by 117.4% during the third quarter. Lenox Wealth Advisors LLC now owns 1,000 shares of the chip maker’s stock valued at $52,000 after purchasing an additional 540 shares during the last quarter. Next Capital Management LLC bought a new stake in shares of Intel during the second quarter valued at approximately $48,000. Finally, Contravisory Investment Management Inc. grew its stake in shares of Intel by 234.1% during the second quarter. Contravisory Investment Management Inc. now owns 1,146 shares of the chip maker’s stock valued at $55,000 after purchasing an additional 803 shares during the last quarter. 65.94% of the stock is owned by institutional investors.
In related news, EVP Navin Shenoy sold 601 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $51.76, for a total transaction of $31,107.76. Following the sale, the executive vice president now directly owns 53,063 shares in the company, valued at $2,746,540.88. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frank D. Yeary sold 2,509 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $51.18, for a total transaction of $128,410.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,541 shares of company stock worth $2,135,306. 0.02% of the stock is currently owned by company insiders.
Shares of NASDAQ INTC opened at $51.36 on Monday. The company’s fifty day moving average is $50.72 and its 200-day moving average is $49.51. The stock has a market cap of $229.74 billion, a price-to-earnings ratio of 11.20, a P/E/G ratio of 1.58 and a beta of 0.91. Intel Co. has a twelve month low of $42.36 and a twelve month high of $59.59. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.33.
Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.17. Intel had a net margin of 28.05% and a return on equity of 28.84%. The company had revenue of $16.51 billion for the quarter, compared to analysts’ expectations of $15.70 billion. During the same period last year, the firm posted $1.04 earnings per share. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, research analysts anticipate that Intel Co. will post 4.38 EPS for the current fiscal year.
The business also recently disclosed a — dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 7th will be issued a dividend of $0.315 per share. The ex-dividend date is Wednesday, November 6th. This represents a dividend yield of 2.4%. Intel’s payout ratio is 27.51%.
Several research firms have recently commented on INTC. Sanford C. Bernstein reissued a “sell” rating and set a $39.00 price target on shares of Intel in a research note on Friday, July 26th. Goldman Sachs Group reaffirmed a “sell” rating and issued a $47.00 price objective on shares of Intel in a research note on Friday, July 26th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $64.00 price objective on shares of Intel in a research note on Friday, July 26th. Wedbush raised their price objective on shares of Intel from $37.50 to $42.90 and gave the company an “underperform” rating in a research note on Friday, July 26th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Intel in a research note on Friday, August 30th. Eight investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $53.79.
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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