Trust Co. of Virginia VA lifted its holdings in Intel Co. (NASDAQ:INTC) by 3.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 238,257 shares of the chip maker’s stock after buying an additional 7,281 shares during the quarter. Intel comprises 1.7% of Trust Co. of Virginia VA’s portfolio, making the stock its 18th biggest holding. Trust Co. of Virginia VA’s holdings in Intel were worth $11,843,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in INTC. Quad Cities Investment Group LLC bought a new stake in Intel during the 2nd quarter worth about $107,000. Elmwood Wealth Management Inc. bought a new stake in Intel during the 1st quarter worth about $110,000. Financial Gravity Wealth Inc. bought a new stake in Intel during the 1st quarter worth about $120,000. WP Advisors LLC bought a new stake in Intel during the 2nd quarter worth about $137,000. Finally, Well Done LLC bought a new stake in Intel during the 1st quarter worth about $156,000. 65.25% of the stock is owned by institutional investors and hedge funds.
In other Intel news, EVP Steven Ralph Rodgers sold 2,235 shares of the company’s stock in a transaction that occurred on Friday, October 26th. The stock was sold at an average price of $45.66, for a total transaction of $102,050.10. Following the completion of the transaction, the executive vice president now owns 30,324 shares of the company’s stock, valued at approximately $1,384,593.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Kevin Thomas Mcbride sold 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $45.53, for a total value of $295,945.00. Following the transaction, the vice president now directly owns 14,271 shares of the company’s stock, valued at approximately $649,758.63. The disclosure for this sale can be found here. Insiders sold a total of 8,747 shares of company stock valued at $398,552 over the last quarter. 0.03% of the stock is owned by insiders.
Shares of INTC opened at $48.11 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.51 and a quick ratio of 1.13. Intel Co. has a 52-week low of $42.04 and a 52-week high of $57.60. The company has a market capitalization of $227.93 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 1.28 and a beta of 0.88.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 25th. The chip maker reported $1.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 analysts forecast that Intel Co. will post 4.53 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Wednesday, November 7th will be given a $0.30 dividend. The ex-dividend date is Tuesday, November 6th. This represents a $1.20 annualized dividend and a dividend yield of 2.49%. Intel’s dividend payout ratio is presently 34.68%.
Several analysts have weighed in on INTC shares. Credit Suisse Group dropped their price objective on Intel from $65.00 to $58.00 and set a “buy” rating for the company in a report on Friday, July 27th. B. Riley dropped their price objective on Intel from $65.00 to $63.00 and set a “buy” rating for the company in a report on Friday, July 27th. Needham & Company LLC restated a “buy” rating and set a $60.00 target price on shares of Intel in a research report on Friday, July 27th. UBS Group upgraded Intel from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. Finally, DZ Bank upgraded Intel from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. Six investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-two have given a buy rating to the company. Intel currently has a consensus rating of “Hold” and an average target price of $55.27.
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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