Lcnb Corp raised its position in shares of Intel Co. (NASDAQ:INTC) by 7.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 44,369 shares of the chip maker’s stock after purchasing an additional 3,227 shares during the quarter. Intel comprises about 2.0% of Lcnb Corp’s investment portfolio, making the stock its 12th largest position. Lcnb Corp’s holdings in Intel were worth $2,206,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in INTC. Cullen Frost Bankers Inc. raised its holdings in Intel by 5.1% during the 1st quarter. Cullen Frost Bankers Inc. now owns 233,077 shares of the chip maker’s stock valued at $12,138,000 after buying an additional 11,205 shares during the last quarter. AO Asset Management LP bought a new stake in Intel during the 1st quarter valued at $19,009,000. Well Done LLC bought a new stake in Intel during the 1st quarter valued at $156,000. Ironvine Capital Partners LLC raised its holdings in Intel by 37.2% during the 1st quarter. Ironvine Capital Partners LLC now owns 250,616 shares of the chip maker’s stock valued at $13,052,000 after buying an additional 67,888 shares during the last quarter. Finally, W.G. Shaheen & Associates DBA Whitney & Co raised its holdings in Intel by 1.2% during the 1st quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 175,104 shares of the chip maker’s stock valued at $9,119,000 after buying an additional 2,157 shares during the last quarter. Hedge funds and other institutional investors own 64.42% of the company’s stock.

In related news, VP Kevin Thomas Mcbride sold 6,500 shares of the stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $45.53, for a total transaction of $295,945.00. Following the sale, the vice president now directly owns 14,271 shares of the company’s stock, valued at approximately $649,758.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Navin Shenoy sold 4,522 shares of the stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $50.00, for a total transaction of $226,100.00. The disclosure for this sale can be found here. Insiders sold a total of 13,257 shares of company stock worth $624,095 over the last ninety days. Insiders own 0.03% of the company’s stock.

INTC has been the subject of a number of recent analyst reports. Morningstar set a $65.00 price target on shares of Intel and gave the company a “buy” rating in a report on Thursday, August 9th. Macquarie reiterated a “buy” rating and set a $60.00 price target on shares of Intel in a report on Thursday, August 9th. Wells Fargo & Co reiterated a “buy” rating and set a $58.00 price target on shares of Intel in a report on Thursday, August 9th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $68.00 price target on shares of Intel in a report on Thursday, August 9th. Finally, Needham & Company LLC reissued a “buy” rating and set a $60.00 price objective on shares of Intel in a research report on Thursday, August 9th. Six investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nineteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $55.60.

NASDAQ:INTC opened at $48.37 on Friday. The stock has a market capitalization of $223.39 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 1.25 and a beta of 0.91. The company has a current ratio of 1.51, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. Intel Co. has a 1-year low of $42.04 and a 1-year high of $57.60.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 25th. The chip maker reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.25. The firm had revenue of $19.16 billion for the quarter, compared to the consensus estimate of $18.11 billion. Intel had a net margin of 21.91% and a return on equity of 29.64%. On average, analysts forecast that Intel Co. will post 4.53 EPS for the current fiscal year.

Intel announced that its Board of Directors has approved a stock buyback plan on Thursday, November 15th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the chip maker to purchase up to 6.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which was paid on Saturday, December 1st. Stockholders of record on Wednesday, November 7th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Tuesday, November 6th. Intel’s dividend payout ratio is presently 34.68%.

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About Intel

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

See Also: Market Capitalization

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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