Intel Corporation (INTC) Shares Bought by BB&T Securities LLC
BB&T Securities LLC increased its position in Intel Corporation (NASDAQ:INTC) by 21.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,441,218 shares of the chip maker’s stock after buying an additional 253,887 shares during the quarter. Intel Corporation comprises approximately 0.7% of BB&T Securities LLC’s holdings, making the stock its 23rd largest position. BB&T Securities LLC’s holdings in Intel Corporation were worth $48,626,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Watermark Asset Management Inc. acquired a new stake in shares of Intel Corporation in the first quarter valued at $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in shares of Intel Corporation by 53.0% during 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 purchasing an additional 1,400 shares during the last quarter. Vigilant Capital Management LLC lifted its holdings in shares of Intel Corporation by 22.6% during the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after purchasing an additional 805 shares during the last quarter. Orrstown Financial Services Inc. lifted its holdings in shares of Intel Corporation by 23.0% during the second quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock valued at $155,000 after purchasing an additional 857 shares during the last quarter. Finally, Winfield Associates Inc. lifted its holdings in shares of Intel Corporation by 6.0% during the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after purchasing an additional 265 shares during the last quarter. Institutional investors and hedge funds own 67.17% of the company’s stock.
Several equities research analysts have recently commented on INTC shares. Barclays PLC reaffirmed an “overweight” rating on shares of Intel Corporation in a report on Friday, July 21st. Summit Redstone reaffirmed a “hold” rating on shares of Intel Corporation in a report on Saturday, July 22nd. BidaskClub raised Intel Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Intel Corporation in a report on Friday, July 28th. Finally, Northland Securities set a $40.00 target price on Intel Corporation and gave the company a “hold” rating in a report on Friday, July 28th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Intel Corporation has an average rating of “Buy” and a consensus target price of $43.28.
In other news, CEO Brian M. Krzanich sold 61,860 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $38.74, for a total value of $2,396,456.40. Following the transaction, the chief executive officer now directly owns 543,948 shares in the company, valued at approximately $21,072,545.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total value of $66,543.52. Following the completion of the transaction, the insider now owns 1,536 shares in the company, valued at $71,777.28. The disclosure for this sale can be found here. Insiders sold a total of 659,036 shares of company stock valued at $28,872,880 over the last three months. Insiders own 0.08% of the company’s stock.
Shares of Intel Corporation (NASDAQ INTC) opened at $45.65 on Friday. The company has a market capitalization of $212,752.80, a price-to-earnings ratio of 14.30, a PEG ratio of 1.66 and a beta of 1.09. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $47.30. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27.
Intel Corporation (NASDAQ:INTC) last released its earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The company had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $15.73 billion. Intel Corporation had a return on equity of 22.65% and a net margin of 22.31%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the firm earned $0.80 EPS. sell-side analysts predict that Intel Corporation will post 3.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be paid a $0.2725 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 annualized dividend and a dividend yield of 2.39%. Intel Corporation’s dividend payout ratio (DPR) is currently 38.11%.
Intel Corporation Company Profile
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).
Receive News & Ratings for Intel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.