Security National Trust Co. Sells 455 Shares of Intel Corporation (INTC)
Security National Trust Co. trimmed its holdings in shares of Intel Corporation (NASDAQ:INTC) by 0.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 105,862 shares of the chip maker’s stock after selling 455 shares during the quarter. Intel Corporation comprises about 1.2% of Security National Trust Co.’s investment portfolio, making the stock its 25th largest holding. Security National Trust Co.’s holdings in Intel Corporation were worth $3,571,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Watermark Asset Management Inc. bought a new position in Intel Corporation in the 1st quarter valued at about $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of 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 valued at $146,000 after purchasing an additional 1,400 shares during the last quarter. Orrstown Financial Services Inc. grew its holdings in shares of Intel Corporation by 23.0% during the 2nd 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. Winfield Associates Inc. grew its holdings in shares of Intel Corporation by 6.0% during the 2nd 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. Finally, Vigilant Capital Management LLC grew its holdings in shares of Intel Corporation by 22.6% during the 1st 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. 67.17% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on the stock. B. Riley reaffirmed a “buy” rating and set a $46.00 price target on shares of Intel Corporation in a report on Friday, July 28th. Summit Redstone reiterated a “hold” rating on shares of Intel Corporation in a research report on Saturday, July 22nd. BMO Capital Markets reiterated a “market perform” rating and set a $34.00 target price on shares of Intel Corporation in a research report on Sunday, July 30th. BidaskClub downgraded shares of Intel Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Loop Capital reiterated a “buy” rating and set a $45.00 target price (up from $43.00) on shares of Intel Corporation in a research report on Friday, July 28th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $43.28.
In other Intel Corporation news, insider Stacy J. Smith sold 472,337 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.23, for a total value of $20,891,465.51. Following the transaction, the insider now directly owns 265,298 shares in the company, valued at $11,734,130.54. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Andy D. Bryant sold 89,087 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.80, for a total transaction of $3,991,097.60. Following the completion of the transaction, the chairman now owns 428,789 shares in the company, valued at $19,209,747.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 659,036 shares of company stock worth $28,872,880. Insiders own 0.08% of the company’s stock.
Intel Corporation (NASDAQ INTC) opened at $45.46 on Thursday. The firm has a market cap of $214,624.80, a price-to-earnings ratio of 14.42, a price-to-earnings-growth ratio of 1.68 and a beta of 1.09. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $47.30.
Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.21. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. The company had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. During the same quarter in the previous year, the firm posted $0.80 EPS. The business’s revenue was up 2.4% compared to the same quarter last year. equities analysts expect that Intel Corporation will post 3.25 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be issued a dividend of $0.2725 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 annualized dividend and a dividend yield of 2.40%. Intel Corporation’s payout ratio is 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).
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