Intel Co. (NASDAQ:INTC) Stock Position Boosted by Lcnb Corp

Lcnb Corp boosted its stake in Intel Co. (NASDAQ:INTC) by 1.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,960 shares of the chip maker’s stock after buying an additional 721 shares during the period. Intel accounts for 1.5% of Lcnb Corp’s portfolio, making the stock its 15th biggest holding. Lcnb Corp’s holdings in Intel were worth $2,104,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Delta Asset Management LLC TN lifted its stake in Intel by 0.9% during the second quarter. Delta Asset Management LLC TN now owns 23,170 shares of the chip maker’s stock valued at $1,109,000 after buying an additional 200 shares in the last quarter. Mount Vernon Associates Inc. MD lifted its stake in Intel by 0.4% during the second quarter. Mount Vernon Associates Inc. MD now owns 46,004 shares of the chip maker’s stock valued at $2,202,000 after buying an additional 200 shares in the last quarter. NTV Asset Management LLC lifted its stake in Intel by 0.7% during the second quarter. NTV Asset Management LLC now owns 28,219 shares of the chip maker’s stock valued at $1,351,000 after buying an additional 208 shares in the last quarter. Landsberg Bennett & Dubbaneh LLC lifted its stake in Intel by 3.0% during the second quarter. Landsberg Bennett & Dubbaneh LLC now owns 7,066 shares of the chip maker’s stock valued at $340,000 after buying an additional 209 shares in the last quarter. Finally, Apriem Advisors lifted its stake in Intel by 3.1% during the fourth quarter. Apriem Advisors now owns 7,074 shares of the chip maker’s stock valued at $332,000 after buying an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 66.46% of the company’s stock.

In related news, EVP Navin Shenoy sold 601 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $51.76, for a total value of $31,107.76. Following the transaction, the executive vice president now owns 53,063 shares in the company, valued at $2,746,540.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Reed E. Hundt sold 10,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $52.45, for a total value of $524,500.00. Following the completion of the transaction, the director now owns 44,400 shares in the company, valued at approximately $2,328,780. The disclosure for this sale can be found here. Insiders sold 36,524 shares of company stock worth $1,844,221 in the last 90 days. 0.02% of the stock is currently owned by corporate insiders.



NASDAQ:INTC traded up $0.80 during mid-day trading on Friday, reaching $46.50. The stock had a trading volume of 22,701,800 shares, compared to its average volume of 26,219,476. The business’s 50 day moving average is $48.85 and its 200 day moving average is $50.18. Intel Co. has a fifty-two week low of $42.36 and a fifty-two week high of $59.59. The stock has a market cap of $202.45 billion, a P/E ratio of 10.15, a PEG ratio of 1.39 and a beta of 0.88. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.48 and a quick ratio of 1.04.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 25th. The chip maker reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.17. Intel had a return on equity of 28.84% and a net margin of 28.05%. The firm had revenue of $16.51 billion for the quarter, compared to the consensus estimate of $15.70 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. The firm’s revenue was down 2.7% on a year-over-year basis. Equities analysts expect that Intel Co. will post 4.37 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be issued a $0.315 dividend. The ex-dividend date is Tuesday, August 6th. This represents a $1.26 dividend on an annualized basis and a yield of 2.71%. Intel’s dividend payout ratio is currently 27.51%.

A number of analysts have commented on the stock. BidaskClub lowered shares of Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Daiwa Capital Markets lowered shares of Intel from an “outperform” rating to a “neutral” rating in a research note on Monday, April 29th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $47.00 price objective (up from $41.00) on shares of Intel in a research note on Friday, July 26th. Loop Capital assumed coverage on shares of Intel in a research note on Monday, August 12th. They set a “hold” rating and a $50.00 price objective for the company. Finally, Goldman Sachs Group reaffirmed a “sell” rating and set a $47.00 price objective on shares of Intel in a research note on Friday, July 26th. Nine equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nineteen have issued a buy rating to the company. Intel presently has a consensus rating of “Hold” and an average price target of $54.19.

Intel 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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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