ST Germain D J Co. Inc. raised its position in shares of Intel Co. (NASDAQ:INTC) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,122 shares of the chip maker’s stock after acquiring an additional 2,720 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Intel were worth $3,883,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Baird Financial Group Inc. grew its position in shares of Intel by 5.9% in the first quarter. Baird Financial Group Inc. now owns 1,922,881 shares of the chip maker’s stock valued at $100,143,000 after purchasing an additional 106,635 shares in the last quarter. Allen Capital Group LLC purchased a new stake in shares of Intel in the second quarter valued at approximately $211,000. Baxter Bros Inc. grew its position in shares of Intel by 11.5% in the second quarter. Baxter Bros Inc. now owns 220,571 shares of the chip maker’s stock valued at $10,965,000 after purchasing an additional 22,783 shares in the last quarter. Silvercrest Asset Management Group LLC grew its position in shares of Intel by 1.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,297,968 shares of the chip maker’s stock valued at $67,598,000 after purchasing an additional 12,285 shares in the last quarter. Finally, Mutual of Omaha Bank Wealth Management grew its position in shares of Intel by 4.2% in the second quarter. Mutual of Omaha Bank Wealth Management now owns 29,713 shares of the chip maker’s stock valued at $1,477,000 after purchasing an additional 1,205 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently issued reports on INTC. Macquarie restated a “buy” rating and issued a $58.00 price target on shares of Intel in a research report on Wednesday. Nomura restated a “buy” rating and issued a $55.00 price target on shares of Intel in a research report on Wednesday. ValuEngine lowered Intel from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. BidaskClub upgraded Intel from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Finally, Tigress Financial restated a “buy” rating on shares of Intel in a research report on Tuesday, October 30th. Six equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-two have given a buy rating to the company. Intel presently has an average rating of “Hold” and a consensus target price of $55.27.
INTC opened at $48.11 on Friday. Intel Co. has a 52 week low of $42.04 and a 52 week high of $57.60. The firm has a market cap of $227.93 billion, a PE ratio of 11.10, a PEG ratio of 1.28 and a beta of 0.88. The company has a quick ratio of 1.13, a current ratio of 1.51 and a debt-to-equity ratio of 0.35.
Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 25th. The chip maker reported $1.40 EPS for the quarter, topping the consensus estimate of $1.15 by $0.25. Intel had a return on equity of 29.64% and a net margin of 21.91%. The business had revenue of $19.16 billion during the quarter, compared to analyst estimates of $18.11 billion. Equities research analysts predict that Intel Co. will post 4.53 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Wednesday, November 7th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $1.20 annualized dividend and a dividend yield of 2.49%. Intel’s dividend payout ratio is currently 34.68%.
In other news, EVP Steven Ralph Rodgers sold 2,235 shares of the stock in a transaction on Friday, October 26th. The stock was sold at an average price of $45.66, for a total value of $102,050.10. Following the sale, the executive vice president now directly owns 30,324 shares in the company, valued at $1,384,593.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Kevin Thomas Mcbride sold 6,500 shares of the stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $45.53, for a total value of $295,945.00. Following the completion of the sale, the vice president now owns 14,271 shares in the company, valued at $649,758.63. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,747 shares of company stock valued at $398,552. Company insiders own 0.03% of the company’s stock.
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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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