Investors Asset Management of Georgia Inc. GA ADV Continues to Hold Stake in Intel Corporation (INTC)
Investors Asset Management of Georgia Inc. GA ADV held its position in shares of Intel Corporation (NASDAQ:INTC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,662 shares of the chip maker’s stock at the end of the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Intel Corporation were worth $900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Watermark Asset Management Inc. bought a new stake in shares of Intel Corporation in the first quarter valued at approximately $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in Intel Corporation by 53.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after acquiring an additional 1,400 shares during the period. Orrstown Financial Services Inc. increased its holdings in Intel Corporation by 23.0% during the 2nd quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock worth $155,000 after acquiring an additional 857 shares during the period. Vigilant Capital Management LLC increased its holdings in Intel Corporation by 22.6% during the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after acquiring an additional 805 shares during the period. Finally, Farmers National Bank increased its holdings in Intel Corporation by 5.1% during the 1st quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock worth $183,000 after acquiring an additional 234 shares during the period. 67.03% of the stock is currently owned by institutional investors.
In related news, EVP Diane M. Bryant sold 1,639 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $34.65, for a total value of $56,791.35. Following the transaction, the executive vice president now owns 114,542 shares in the company, valued at approximately $3,968,880.30. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Brian M. Krzanich sold 61,860 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the completion of the transaction, the chief executive officer now owns 543,948 shares in the company, valued at approximately $21,072,545.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 81,608 shares of company stock worth $3,095,110. 0.08% of the stock is owned by corporate insiders.
A number of research firms recently weighed in on INTC. ValuEngine raised shares of Intel Corporation from a “hold” rating to a “buy” rating in a report on Monday. Vetr lowered shares of Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $42.80 target price on the stock. in a report on Tuesday. Zacks Investment Research raised shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Friday, September 22nd. B. Riley reaffirmed a “buy” rating and set a $46.00 target price on shares of Intel Corporation in a report on Wednesday, August 2nd. Finally, BidaskClub raised shares of Intel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $40.51.
Intel Corporation (NASDAQ INTC) opened at 39.53 on Friday. The company has a 50 day moving average of $36.36 and a 200-day moving average of $35.75. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $39.70. The stock has a market cap of $185.75 billion, a P/E ratio of 15.09 and a beta of 1.07.
Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The company had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $14.39 billion. During the same quarter in the prior year, the company earned $0.59 EPS. Intel Corporation’s quarterly revenue was up 9.1% on a year-over-year basis. Equities analysts forecast that Intel Corporation will post $3.01 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be issued a $0.2725 dividend. The ex-dividend date is Monday, November 6th. This represents a $1.09 annualized dividend and a yield of 2.76%. Intel Corporation’s dividend payout ratio (DPR) is presently 41.76%.
Intel Corporation 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).
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