Stonebridge Capital Advisors LLC Acquires 3,485 Shares of Intel Co. (INTC)
Stonebridge Capital Advisors LLC lifted its holdings in Intel Co. (NASDAQ:INTC) by 3.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 101,801 shares of the chip maker’s stock after buying an additional 3,485 shares during the period. Stonebridge Capital Advisors LLC’s holdings in Intel were worth $3,877,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Crescent Grove Advisors LLC bought a new stake in Intel during the 2nd quarter worth approximately $555,000. Murphy Pohlad Asset Management LLC grew its holdings in Intel by 15.6% during the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 120,889 shares of the chip maker’s stock valued at $4,078,000 after buying an additional 16,340 shares in the last quarter. First Personal Financial Services grew its holdings in Intel by 92.6% during the 2nd quarter. First Personal Financial Services now owns 80,523 shares of the chip maker’s stock valued at $2,717,000 after buying an additional 38,717 shares in the last quarter. Oaktop Capital Management II L.P. purchased a new stake in Intel during the 2nd quarter valued at approximately $1,114,000. Finally, Swiss National Bank grew its holdings in Intel by 2.9% during the 2nd quarter. Swiss National Bank now owns 17,274,702 shares of the chip maker’s stock valued at $582,848,000 after buying an additional 483,200 shares in the last quarter. Hedge funds and other institutional investors own 68.24% of the company’s stock.
In other news, VP Kevin Thomas Mcbride sold 686 shares of Intel stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $46.56, for a total transaction of $31,940.16. Following the completion of the sale, the vice president now directly owns 6,472 shares in the company, valued at $301,336.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Navin Shenoy sold 8,967 shares of Intel stock in a transaction on Monday, February 26th. The stock was sold at an average price of $48.67, for a total value of $436,423.89. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 123,914 shares of company stock valued at $6,011,490. Corporate insiders own 0.08% of the company’s stock.
Shares of Intel Co. (NASDAQ:INTC) opened at $48.98 on Monday. Intel Co. has a 52-week low of $33.23 and a 52-week high of $50.90. The firm has a market capitalization of $228,638.64, a price-to-earnings ratio of 24.74, a PEG ratio of 1.66 and a beta of 1.01. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.69.
Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.22. Intel had a return on equity of 24.33% and a net margin of 15.30%. The business had revenue of $17.05 billion during the quarter, compared to the consensus estimate of $16.34 billion. During the same period last year, the company earned $0.79 earnings per share. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. equities research analysts predict that Intel Co. will post 3.51 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.45%. This is an increase from Intel’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is 60.61%.
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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