Maryland Capital Management increased its holdings in shares of Intel Co. (NASDAQ:INTC) by 17.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 159,244 shares of the chip maker’s stock after acquiring an additional 23,296 shares during the quarter. Intel comprises 1.0% of Maryland Capital Management’s investment portfolio, making the stock its 29th biggest position. Maryland Capital Management’s holdings in Intel were worth $8,619,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Princeton Portfolio Strategies Group LLC boosted its holdings in Intel by 0.4% in the 4th quarter. Princeton Portfolio Strategies Group LLC now owns 34,092 shares of the chip maker’s stock valued at $2,040,000 after purchasing an additional 150 shares during the last quarter. Dividend Assets Capital LLC boosted its stake in Intel by 1.1% during the 4th quarter. Dividend Assets Capital LLC now owns 14,390 shares of the chip maker’s stock worth $861,000 after purchasing an additional 158 shares during the period. Jarislowsky Fraser Ltd boosted its stake in Intel by 0.6% during the 4th quarter. Jarislowsky Fraser Ltd now owns 24,575 shares of the chip maker’s stock worth $1,470,000 after purchasing an additional 158 shares during the period. Bull Street Advisors LLC boosted its stake in Intel by 0.5% during the 4th quarter. Bull Street Advisors LLC now owns 31,147 shares of the chip maker’s stock worth $1,864,000 after purchasing an additional 160 shares during the period. Finally, Roundview Capital LLC increased its holdings in shares of Intel by 0.5% in the 4th quarter. Roundview Capital LLC now owns 35,255 shares of the chip maker’s stock valued at $2,110,000 after purchasing an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 65.04% of the company’s stock.
INTC stock traded down $0.76 during trading on Tuesday, hitting $61.10. The company had a trading volume of 546,127 shares, compared to its average volume of 19,404,608. The firm has a market capitalization of $266.45 billion, a price-to-earnings ratio of 11.95, a P/E/G ratio of 1.75 and a beta of 0.82. The business has a 50 day moving average of $59.91 and a 200 day moving average of $59.03. Intel Co. has a fifty-two week low of $43.20 and a fifty-two week high of $69.29. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 23rd. The chip maker reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.17. The business had revenue of $19.83 billion during the quarter, compared to the consensus estimate of $18.65 billion. Intel had a net margin of 30.02% and a return on equity of 31.64%. The company’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.89 earnings per share. As a group, equities analysts predict that Intel Co. will post 4.81 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Thursday, May 7th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.16%. The ex-dividend date was Wednesday, May 6th. Intel’s payout ratio is currently 27.10%.
In other Intel news, insider Venkata S. M. Renduchintala sold 46,544 shares of the business’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $60.67, for a total value of $2,823,824.48. Following the sale, the insider now directly owns 126,240 shares in the company, valued at $7,658,980.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Steven Ralph Rodgers sold 38,220 shares of the business’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $60.00, for a total transaction of $2,293,200.00. Following the completion of the sale, the executive vice president now owns 89,013 shares in the company, valued at $5,340,780. The disclosure for this sale can be found here. Insiders sold 98,547 shares of company stock valued at $5,862,050 in the last ninety days. Corporate insiders own 0.04% of the company’s stock.
INTC has been the subject of several recent research reports. Credit Suisse Group assumed coverage on shares of Intel in a report on Friday, April 24th. They set a “buy” rating and a $75.00 target price for the company. Wells Fargo & Co raised their target price on shares of Intel from $56.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. SunTrust Banks lifted their price objective on shares of Intel from $58.00 to $59.00 and gave the company a “hold” rating in a research note on Friday, April 24th. Roth Capital reiterated a “buy” rating on shares of Intel in a research note on Friday, April 24th. Finally, Barclays upgraded shares of Intel from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $52.00 to $58.00 in a research note on Wednesday, April 1st. Six equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-one have given a buy rating to the company. Intel has an average rating of “Hold” and an average target price of $64.97.
Intel Company Profile
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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