Keybank National Association OH decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 0.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,476,804 shares of the chip maker’s stock after selling 10,174 shares during the quarter. Intel makes up 1.2% of Keybank National Association OH’s holdings, making the stock its 14th biggest position. Keybank National Association OH’s holdings in Intel were worth $214,304,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Westpac Banking Corp lifted its holdings in Intel by 12.6% during the 2nd quarter. Westpac Banking Corp now owns 821,261 shares of the chip maker’s stock valued at $39,314,000 after purchasing an additional 91,918 shares during the last quarter. GFS Advisors LLC lifted its holdings in Intel by 0.3% during the 2nd quarter. GFS Advisors LLC now owns 91,586 shares of the chip maker’s stock valued at $4,384,000 after purchasing an additional 318 shares during the last quarter. DDD Partners LLC acquired a new stake in Intel during the 2nd quarter valued at $10,317,000. Merriman Wealth Management LLC lifted its holdings in Intel by 2.2% during the 2nd quarter. Merriman Wealth Management LLC now owns 16,818 shares of the chip maker’s stock valued at $808,000 after purchasing an additional 367 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in Intel by 0.8% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 618,792 shares of the chip maker’s stock valued at $29,621,000 after purchasing an additional 4,983 shares during the last quarter. 66.46% of the stock is owned by institutional investors and hedge funds.
In other Intel news, Director Reed E. Hundt sold 10,000 shares of Intel stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $52.45, for a total value of $524,500.00. Following the transaction, the director now owns 44,400 shares in the company, valued at $2,328,780. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Navin Shenoy sold 1,253 shares of Intel stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $49.24, for a total value of $61,697.72. Following the completion of the transaction, the executive vice president now owns 55,319 shares in the company, valued at approximately $2,723,907.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,524 shares of company stock valued at $1,844,221. 0.02% of the stock is owned by insiders.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 25th. The chip maker reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.17. The business had revenue of $16.51 billion during the quarter, compared to the consensus estimate of $15.70 billion. Intel had a return on equity of 28.84% and a net margin of 28.05%. Intel’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 earnings per share. As a group, research analysts anticipate that Intel Co. will post 4.37 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be paid a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Tuesday, August 6th. Intel’s dividend payout ratio (DPR) is presently 27.51%.
Several brokerages have issued reports on INTC. JPMorgan Chase & Co. reissued a “buy” rating and set a $64.00 target price on shares of Intel in a report on Friday, July 26th. Barclays reissued a “sell” rating and set a $40.00 target price on shares of Intel in a report on Friday, July 26th. Daiwa Capital Markets downgraded Intel from an “outperform” rating to a “neutral” rating in a report on Monday, April 29th. Macquarie set a $60.00 target price on Intel and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Atlantic Securities began coverage on Intel in a report on Monday, July 22nd. They set an “underweight” rating and a $38.00 target price for the company. Nine investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nineteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $54.19.
Intel Company Profile
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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