Parkside Financial Bank & Trust increased its holdings in Intel Co. (NASDAQ:INTC) by 12.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,394 shares of the chip maker’s stock after acquiring an additional 2,000 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Intel were worth $948,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in INTC. Ogorek Anthony Joseph NY ADV lifted its position 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 buying an additional 500 shares during the last quarter. Global Trust Asset Management LLC lifted its position in shares of Intel by 273.2% during the second quarter. Global Trust Asset Management LLC now owns 3,336 shares of the chip maker’s stock valued at $45,000 after buying an additional 2,442 shares during the last quarter. Next Capital Management LLC purchased a new stake in shares of Intel during the second quarter valued at about $48,000. Intercontinental Wealth Advisors LLC lifted its position 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 buying an additional 450 shares during the last quarter. Finally, Lenox Wealth Advisors LLC lifted its position 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 buying an additional 540 shares during the last quarter. 67.21% of the stock is owned by institutional investors.
NASDAQ:INTC traded up $0.22 during midday trading on Friday, hitting $58.27. The company’s stock had a trading volume of 11,888,800 shares, compared to its average volume of 22,595,813. Intel Co. has a fifty-two week low of $42.86 and a fifty-two week high of $59.59. The firm has a market cap of $250.34 billion, a P/E ratio of 12.72, a P/E/G ratio of 1.66 and a beta of 0.93. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.20 and a quick ratio of 0.85. The firm’s 50 day moving average is $52.89 and its 200-day moving average is $49.43.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 24th. The chip maker reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.18. Intel had a return on equity of 28.28% and a net margin of 27.46%. The firm had revenue of $19.19 billion for the quarter, compared to analyst estimates of $18.07 billion. During the same quarter last year, the firm posted $1.40 EPS. The business’s revenue was up .1% on a year-over-year basis. As a group, analysts forecast that Intel Co. will post 4.61 EPS for the current year.
The company also recently disclosed a — dividend, which will be paid on Sunday, December 1st. Shareholders of record on Thursday, November 7th will be issued a $0.315 dividend. The ex-dividend date is Wednesday, November 6th. This represents a yield of 2.4%. Intel’s payout ratio is currently 27.51%.
Intel declared that its Board of Directors has authorized a share repurchase plan on Thursday, October 24th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the chip maker to reacquire up to 8.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
Several research firms have commented on INTC. Tigress Financial reissued a “buy” rating on shares of Intel in a research report on Friday, August 30th. Susquehanna Bancshares increased their price target on shares of Intel from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. BMO Capital Markets increased their price target on shares of Intel from $50.00 to $53.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. Loop Capital set a $50.00 price target on shares of Intel and gave the company a “hold” rating in a research report on Friday, October 18th. Finally, Atlantic Securities assumed coverage on shares of Intel in a research report on Monday, July 22nd. They set an “underweight” rating and a $38.00 price target for the company. Nine research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $55.81.
In other news, CEO Robert Holmes Swan acquired 10,918 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were bought at an average price of $45.70 per share, for a total transaction of $498,952.60. Following the acquisition, the chief executive officer now owns 168,955 shares of the company’s stock, valued at approximately $7,721,243.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Navin Shenoy sold 8,551 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $52.06, for a total value of $445,165.06. Following the completion of the transaction, the executive vice president now owns 70,276 shares in the company, valued at approximately $3,658,568.56. The disclosure for this sale can be found here. Insiders sold a total of 17,482 shares of company stock worth $911,044 in the last 90 days. 0.02% of the stock is currently owned by insiders.
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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