Intel Corporation (INTC) is Butensky & Cohen Financial Security Inc.’s 6th Largest Position
Butensky & Cohen Financial Security Inc. increased its stake in shares of Intel Corporation (NASDAQ:INTC) by 0.7% during the second quarter, Holdings Channel reports. The institutional investor owned 63,696 shares of the chip maker’s stock after buying an additional 445 shares during the period. Intel Corporation comprises approximately 1.9% of Butensky & Cohen Financial Security Inc.’s investment portfolio, making the stock its 6th largest position. Butensky & Cohen Financial Security Inc.’s holdings in Intel Corporation were worth $2,149,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Watermark Asset Management Inc. bought a new position in Intel Corporation during the first quarter valued at $113,000. Orrstown Financial Services Inc. boosted its position in Intel Corporation by 96.6% in the first quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock valued at $134,000 after buying an additional 1,830 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in Intel Corporation by 53.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock valued at $146,000 after buying an additional 1,400 shares in the last quarter. Vigilant Capital Management LLC boosted its position in Intel Corporation by 22.6% in the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after buying an additional 805 shares in the last quarter. Finally, Security Asset Management bought a new position in Intel Corporation during the fourth quarter valued at $162,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.
Intel Corporation (NASDAQ:INTC) traded down 1.13% on Tuesday, reaching $35.93. 9,717,341 shares of the company traded hands. The stock’s 50 day moving average price is $34.90 and its 200 day moving average price is $35.68. The company has a market capitalization of $168.84 billion, a PE ratio of 13.71 and a beta of 1.01. Intel Corporation has a one year low of $33.23 and a one year high of $38.45.
Intel Corporation (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The business had revenue of $14.76 billion during the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. Intel Corporation’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business earned $0.59 EPS. On average, equities research analysts predict that Intel Corporation will post $3.01 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be issued a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Thursday, August 3rd. Intel Corporation’s payout ratio is presently 41.76%.
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Several research analysts have weighed in on INTC shares. Needham & Company LLC reissued a “buy” rating and issued a $43.00 price target on shares of Intel Corporation in a report on Saturday, April 29th. Mizuho reaffirmed a “buy” rating on shares of Intel Corporation in a report on Friday, April 28th. B. Riley reaffirmed a “buy” rating and set a $44.00 target price on shares of Intel Corporation in a report on Friday, April 28th. Vetr raised shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $37.01 target price on the stock in a report on Monday, May 15th. Finally, Zacks Investment Research raised shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, May 16th. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $40.55.
In other news, CEO Brian M. Krzanich sold 72,173 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the sale, the chief executive officer now owns 534,746 shares of the company’s stock, valued at approximately $18,015,592.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 13,996 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $35.47, for a total transaction of $496,438.12. Following the sale, the insider now directly owns 1,536 shares in the company, valued at approximately $54,481.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 91,921 shares of company stock worth $3,130,162. Insiders own 0.09% of the company’s stock.
About Intel Corporation
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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