Capital One National Association Acquires 7,475 Shares of Intel Co. (INTC)

Capital One National Association grew its holdings in Intel Co. (NASDAQ:INTC) by 13.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,096 shares of the chip maker’s stock after acquiring an additional 7,475 shares during the quarter. Capital One National Association’s holdings in Intel were worth $3,186,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in INTC. Virtue Capital Management LLC acquired a new position in Intel in the fourth quarter valued at about $109,000. Elmwood Wealth Management Inc. acquired a new position in Intel in the first quarter valued at about $110,000. Financial Gravity Wealth Inc. acquired a new position in Intel in the first quarter valued at about $120,000. Well Done LLC acquired a new position in Intel in the first quarter valued at about $156,000. Finally, Financial Gravity Companies Inc. acquired a new position in Intel during the fourth quarter worth about $157,000. 65.50% of the stock is owned by institutional investors.

Several brokerages have commented on INTC. BidaskClub downgraded Intel from a “buy” rating to a “hold” rating in a research note on Thursday, June 28th. Nomura set a $55.00 target price on Intel and gave the stock a “neutral” rating in a research note on Monday, June 25th. Benchmark began coverage on Intel in a research note on Tuesday, June 26th. They set a “hold” rating for the company. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Wednesday, June 27th. Finally, Stifel Nicolaus reissued a “neutral” rating and set a $52.00 target price on shares of Intel in a research note on Thursday, August 9th. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $55.55.

In other Intel news, EVP Navin Shenoy sold 601 shares of the stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $47.69, for a total transaction of $28,661.69. Following the transaction, the executive vice president now directly owns 40,903 shares in the company, valued at approximately $1,950,664.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Steven Ralph Rodgers sold 2,213 shares of the stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $52.43, for a total value of $116,027.59. Following the transaction, the executive vice president now owns 23,268 shares in the company, valued at $1,219,941.24. The disclosure for this sale can be found here. Insiders sold 4,077 shares of company stock worth $205,757 over the last quarter. 0.03% of the stock is currently owned by company insiders.

Shares of INTC stock opened at $45.57 on Friday. Intel Co. has a one year low of $36.16 and a one year high of $57.60. The company has a market capitalization of $210.20 billion, a P/E ratio of 13.17, a P/E/G ratio of 1.29 and a beta of 0.97. The company has a current ratio of 1.57, a quick ratio of 1.15 and a debt-to-equity ratio of 0.35.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, July 26th. The chip maker reported $1.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.05. Intel had a return on equity of 27.33% and a net margin of 20.07%. The business had revenue of $16.96 billion for the quarter, compared to analysts’ expectations of $16.78 billion. During the same period in the prior year, the business posted $0.72 earnings per share. The firm’s revenue was up 14.9% on a year-over-year basis. sell-side analysts anticipate that Intel Co. will post 4.15 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Saturday, September 1st. Investors of record on Tuesday, August 7th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.63%. The ex-dividend date was Monday, August 6th. Intel’s payout ratio is presently 34.68%.

Intel Profile

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.

Further Reading: Stop Order

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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