National Planning Corp Acquires 5,910 Shares of Intel Corporation (INTC)
National Planning Corp increased its holdings in Intel Corporation (NASDAQ:INTC) by 6.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,240 shares of the chip maker’s stock after purchasing an additional 5,910 shares during the period. National Planning Corp’s holdings in Intel Corporation were worth $3,120,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of INTC. Murphy Capital Management Inc. grew its stake in Intel Corporation by 18.4% during the second quarter. Murphy Capital Management Inc. now owns 31,721 shares of the chip maker’s stock worth $1,070,000 after buying an additional 4,928 shares during the last quarter. Papp L Roy & Associates grew its stake in Intel Corporation by 1.2% during the second quarter. Papp L Roy & Associates now owns 68,065 shares of the chip maker’s stock worth $2,297,000 after buying an additional 800 shares during the last quarter. United Bank grew its stake in Intel Corporation by 108.0% during the second quarter. United Bank now owns 43,841 shares of the chip maker’s stock worth $1,479,000 after buying an additional 22,765 shares during the last quarter. Chicago Partners Investment Group LLC grew its stake in Intel Corporation by 182.1% during the second quarter. Chicago Partners Investment Group LLC now owns 15,097 shares of the chip maker’s stock worth $530,000 after buying an additional 9,746 shares during the last quarter. Finally, Kanawha Capital Management LLC grew its stake in Intel Corporation by 2.0% during the second quarter. Kanawha Capital Management LLC now owns 312,331 shares of the chip maker’s stock worth $10,538,000 after buying an additional 6,222 shares during the last quarter. 67.07% of the stock is owned by hedge funds and other institutional investors.
Intel Corporation (NASDAQ:INTC) opened at $46.34 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $220.43 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 1.72 and a beta of 1.09.
Intel Corporation (NASDAQ:INTC) last announced 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 the consensus estimate of $15.73 billion. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 earnings per share. equities research analysts forecast 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 issued a $0.2725 dividend. The ex-dividend date is Monday, November 6th. This represents a $1.09 annualized dividend and a dividend yield of 2.35%. Intel Corporation’s dividend payout ratio is currently 38.11%.
In related news, CEO Brian M. Krzanich sold 61,860 shares of the stock in a transaction dated Monday, October 2nd. The shares were 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 $21,072,545.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $36.40, for a total transaction of $51,833.60. Following the transaction, the insider now owns 1,536 shares of the company’s stock, valued at approximately $55,910.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 659,036 shares of company stock valued at $28,858,170. 0.08% of the stock is currently owned by corporate insiders.
Several analysts have recently commented on INTC shares. Zacks Investment Research raised shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Wednesday, September 6th. ValuEngine cut shares of Intel Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Vetr raised shares of Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $41.56 price target on the stock in a research note on Thursday, August 24th. Credit Suisse Group reissued an “outperform” rating on shares of Intel Corporation in a research note on Thursday, August 31st. Finally, Stifel Nicolaus increased their price target on shares of Intel Corporation from $41.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Intel Corporation currently has a consensus rating of “Buy” and a consensus price target of $43.00.
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).
Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corporation (NASDAQ:INTC).
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.