Intel Corporation (INTC) Stake Held by Moody National Bank Trust Division
Moody National Bank Trust Division held its stake in shares of Intel Corporation (NASDAQ:INTC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,578 shares of the chip maker’s stock at the close of the 2nd quarter. Moody National Bank Trust Division’s holdings in Intel Corporation were worth $1,976,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Watermark Asset Management Inc. bought a new stake in Intel Corporation in the first quarter worth about $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in Intel Corporation by 53.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after acquiring an additional 1,400 shares in the last quarter. Vigilant Capital Management LLC raised its position in Intel Corporation by 22.6% in the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after acquiring an additional 805 shares in the last quarter. Orrstown Financial Services Inc. raised its position in Intel Corporation by 23.0% in the second quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock worth $155,000 after acquiring an additional 857 shares in the last quarter. Finally, Winfield Associates Inc. raised its position in Intel Corporation by 6.0% in the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after acquiring an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 67.02% of the company’s stock.
Intel Corporation (NASDAQ:INTC) opened at 39.67 on Monday. The firm’s 50-day moving average price is $37.23 and its 200-day moving average price is $35.94. Intel Corporation has a one year low of $33.23 and a one year high of $39.95. The company has a market cap of $186.41 billion, a PE ratio of 15.14 and a beta of 1.07.
Intel Corporation (NASDAQ:INTC) last issued 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 business had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $14.39 billion. During the same quarter in the prior year, the firm earned $0.59 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities research analysts forecast that Intel Corporation will post $3.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders 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 dividend on an annualized basis and a yield of 2.75%. Intel Corporation’s payout ratio is presently 41.76%.
INTC has been the topic of several research reports. Canaccord Genuity reiterated a “buy” rating and issued a $38.00 price target on shares of Intel Corporation in a research report on Wednesday, July 12th. Hilliard Lyons initiated coverage on Intel Corporation in a report on Wednesday, July 12th. They set a “buy” rating and a $41.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and set a $43.00 price objective on shares of Intel Corporation in a report on Wednesday, July 12th. Stifel Nicolaus restated a “buy” rating and set a $39.00 price objective on shares of Intel Corporation in a report on Friday, July 14th. Finally, MKM Partners restated a “buy” rating and set a $42.00 price objective on shares of Intel Corporation in a report on Tuesday, July 18th. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $40.75.
In other Intel Corporation news, EVP Diane M. Bryant sold 1,639 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $34.65, for a total value of $56,791.35. Following the sale, the executive vice president now owns 114,542 shares in the company, valued at approximately $3,968,880.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian M. Krzanich sold 61,860 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $38.74, for a total value of $2,396,456.40. Following the completion of the sale, the chief executive officer now owns 543,948 shares in the company, valued at approximately $21,072,545.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 81,608 shares of company stock valued at $3,095,110. Insiders own 0.08% of the company’s stock.
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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