Scotia Capital Inc. Boosts Stock Position in Intel Co. (NASDAQ:INTC)

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Scotia Capital Inc. raised its holdings in Intel Co. (NASDAQ:INTC) by 13.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 770,331 shares of the chip maker’s stock after buying an additional 93,858 shares during the period. Scotia Capital Inc.’s holdings in Intel were worth $36,879,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of INTC. Carnick & Kubik Group LLC increased its position in Intel by 39.8% in the 4th quarter. Carnick & Kubik Group LLC now owns 187,555 shares of the chip maker’s stock valued at $8,802,000 after buying an additional 53,441 shares in the last quarter. Nwam LLC boosted its position in shares of Intel by 5.1% in the 4th quarter. Nwam LLC now owns 48,632 shares of the chip maker’s stock worth $2,282,000 after purchasing an additional 2,378 shares in the last quarter. First Interstate Bank grew its stake in shares of Intel by 2.2% in the 4th quarter. First Interstate Bank now owns 30,580 shares of the chip maker’s stock worth $1,435,000 after buying an additional 665 shares during the last quarter. Eads & Heald Wealth Management bought a new position in Intel during the 4th quarter valued at approximately $578,000. Finally, Signet Investment Advisory Group Inc. purchased a new position in Intel during the fourth quarter valued at $3,576,000. Institutional investors own 65.95% of the company’s stock.

INTC has been the subject of several recent analyst reports. Barclays reaffirmed a “sell” rating and issued a $40.00 price target on shares of Intel in a research report on Friday, July 26th. Jefferies Financial Group set a $40.00 price objective on shares of Intel and gave the company a “sell” rating in a research note on Friday, July 26th. UBS Group reaffirmed a “buy” rating and issued a $58.00 target price on shares of Intel in a report on Friday, July 26th. ValuEngine downgraded shares of Intel from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Northland Securities upgraded shares of Intel from an “under perform” rating to a “market perform” rating and set a $48.00 price target on the stock in a report on Friday, August 16th. Nine analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. Intel currently has an average rating of “Hold” and an average target price of $54.09.

In other news, EVP Navin Shenoy sold 8,552 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $46.78, for a total value of $400,062.56. Following the transaction, the executive vice president now owns 68,833 shares of the company’s stock, valued at $3,220,007.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Reed E. Hundt sold 10,000 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $52.45, for a total transaction of $524,500.00. Following the transaction, the director now owns 44,400 shares of the company’s stock, valued at approximately $2,328,780. The disclosure for this sale can be found here. Insiders have sold a total of 39,033 shares of company stock worth $1,961,792 in the last three months. 0.02% of the stock is owned by corporate insiders.

Intel stock traded up $0.90 during mid-day trading on Wednesday, hitting $52.72. The stock had a trading volume of 8,162,748 shares, compared to its average volume of 20,417,686. The firm has a market capitalization of $228.54 billion, a P/E ratio of 11.51, a P/E/G ratio of 1.57 and a beta of 0.90. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33. The firm’s 50 day moving average is $48.23 and its 200 day moving average is $49.89. Intel Co. has a one year low of $42.36 and a one year high of $59.59.

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. Intel had a return on equity of 28.84% and a net margin of 28.05%. The business had revenue of $16.51 billion for the quarter, compared to analysts’ expectations of $15.70 billion. During the same period last year, the firm earned $1.04 earnings per share. The business’s quarterly revenue was down 2.7% on a year-over-year basis. As a group, equities research analysts forecast that Intel Co. will post 4.38 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were given a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a dividend yield of 2.39%. The ex-dividend date was Tuesday, August 6th. Intel’s dividend payout ratio is currently 27.51%.

Intel 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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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