Trust Co. of Toledo NA OH Grows Stake in Intel Corporation (INTC)
Trust Co. of Toledo NA OH raised its holdings in shares of Intel Corporation (NASDAQ:INTC) by 4.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,569 shares of the chip maker’s stock after buying an additional 6,328 shares during the quarter. Intel Corporation comprises about 1.2% of Trust Co. of Toledo NA OH’s portfolio, making the stock its 18th biggest holding. Trust Co. of Toledo NA OH’s holdings in Intel Corporation were worth $4,709,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Pinnacle Bank purchased a new stake in Intel Corporation during the 1st quarter valued at about $1,169,000. Regent Investment Management LLC raised its holdings in Intel Corporation by 11.0% in the 1st quarter. Regent Investment Management LLC now owns 37,723 shares of the chip maker’s stock valued at $1,360,000 after acquiring an additional 3,745 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Intel Corporation by 122.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 74,074 shares of the chip maker’s stock valued at $2,697,000 after acquiring an additional 40,844 shares during the last quarter. Howe & Rusling Inc. raised its holdings in Intel Corporation by 2.3% in the 1st quarter. Howe & Rusling Inc. now owns 183,113 shares of the chip maker’s stock valued at $6,605,000 after acquiring an additional 4,058 shares during the last quarter. Finally, Beese Fulmer Investment Management Inc. raised its holdings in Intel Corporation by 2.1% in the 1st quarter. Beese Fulmer Investment Management Inc. now owns 84,778 shares of the chip maker’s stock valued at $3,058,000 after acquiring an additional 1,709 shares during the last quarter. 67.03% of the stock is owned by institutional investors and hedge funds.
In other Intel Corporation news, insider Venkata S. M. Renduchintala sold 13,996 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $35.47, for a total value of $496,438.12. Following the completion of the transaction, the insider now directly owns 1,536 shares in the company, valued at $54,481.92. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $36.40, for a total transaction of $51,833.60. Following the completion of the transaction, the insider now owns 1,536 shares of the company’s stock, valued at $55,910.40. The disclosure for this sale can be found here. Insiders sold a total of 19,748 shares of company stock valued at $698,654 in the last quarter. 0.08% of the stock is currently owned by corporate insiders.
Several analysts have issued reports on INTC shares. Zacks Investment Research cut Intel Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Credit Suisse Group reiterated an “outperform” rating on shares of Intel Corporation in a report on Thursday, August 31st. Needham & Company LLC reiterated a “buy” rating and set a $43.00 price target on shares of Intel Corporation in a report on Wednesday, July 12th. BidaskClub cut shares of Intel Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Finally, ValuEngine cut shares of Intel Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. Intel Corporation currently has a consensus rating of “Hold” and a consensus price target of $40.57.
Intel Corporation (INTC) traded up 2.2185% on Monday, hitting $38.9248. The stock had a trading volume of 18,924,685 shares. The stock has a 50-day moving average of $35.74 and a 200-day moving average of $35.53. The company has a market cap of $182.91 billion, a PE ratio of 14.8568 and a beta of 1.07. Intel Corporation has a one year low of $33.23 and a one year high of $38.96.
Intel Corporation (NASDAQ:INTC) last announced its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The company had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. During the same period in the previous year, the firm earned $0.59 earnings per share. Intel Corporation’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts expect that Intel Corporation will post $3.01 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be given a $0.2725 dividend. The ex-dividend date is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.86%. Intel Corporation’s dividend payout ratio (DPR) is 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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