Usca Ria LLC Has $11.13 Million Stake in Intel Corporation (INTC)
Usca Ria LLC lifted its position in Intel Corporation (NASDAQ:INTC) by 52.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 329,749 shares of the chip maker’s stock after buying an additional 113,398 shares during the quarter. Intel comprises 1.4% of Usca Ria LLC’s investment portfolio, making the stock its 10th largest holding. Usca Ria LLC’s holdings in Intel were worth $11,126,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Watermark Asset Management Inc. bought a new stake in shares of Intel in the 1st quarter valued at approximately $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of Intel by 53.0% in 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 buying an additional 1,400 shares in the last quarter. Vigilant Capital Management LLC grew its stake in shares of Intel by 22.6% in the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after buying an additional 805 shares in the last quarter. Winfield Associates Inc. boosted its position in Intel by 6.0% during the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after purchasing an additional 265 shares during the period. Finally, Farmers National Bank boosted its position in Intel by 5.1% during the first quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock worth $183,000 after purchasing an additional 234 shares during the period. 66.90% of the stock is owned by institutional investors and hedge funds.
Intel Corporation (NASDAQ INTC) opened at $44.75 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $47.30. The stock has a market capitalization of $209,430.00, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 1.64 and a beta of 1.09.
Intel (NASDAQ:INTC) last released 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 had a return on equity of 22.65% and a net margin of 22.31%. The firm had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. During the same period in the prior year, the company posted $0.80 earnings per share. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. equities analysts anticipate that Intel Corporation will post 3.25 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be paid a dividend of $0.2725 per share. The ex-dividend date is Monday, November 6th. This represents a $1.09 annualized dividend and a yield of 2.44%. Intel’s dividend payout ratio is currently 38.11%.
INTC has been the subject of a number of recent analyst reports. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Wednesday, September 6th. ValuEngine cut Intel from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Vetr raised Intel from a “buy” rating to a “strong-buy” rating and set a $41.56 target price for the company in a research report on Thursday, August 24th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Intel in a research report on Thursday, August 31st. Finally, Stifel Nicolaus upped their target price on Intel from $41.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $43.40.
In other news, CEO Brian M. Krzanich sold 61,860 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the sale, the chief executive officer now owns 543,948 shares in the company, valued at $21,072,545.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stacy J. Smith sold 472,337 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $44.23, for a total value of $20,891,465.51. Following the sale, the insider now owns 265,298 shares in the company, valued at approximately $11,734,130.54. The disclosure for this sale can be found here. Insiders have sold 659,036 shares of company stock valued at $28,872,880 over the last quarter. Corporate insiders own 0.08% of the company’s stock.
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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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