Iberiabank Corp Acquires 1,430 Shares of Intel Co. (NASDAQ:INTC)

Iberiabank Corp lifted its holdings in shares of Intel Co. (NASDAQ:INTC) by 1.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 112,232 shares of the chip maker’s stock after acquiring an additional 1,430 shares during the quarter. Iberiabank Corp’s holdings in Intel were worth $6,715,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Main Street Research LLC bought a new position in shares of Intel during the 2nd quarter worth approximately $498,000. Sciencast Management LP bought a new position in shares of Intel during the 2nd quarter worth approximately $2,084,000. Pacer Advisors Inc. boosted its stake in shares of Intel by 92.1% during the 2nd quarter. Pacer Advisors Inc. now owns 687,467 shares of the chip maker’s stock worth $41,131,000 after acquiring an additional 329,505 shares during the period. SlateStone Wealth LLC lifted its holdings in Intel by 4.8% during the 2nd quarter. SlateStone Wealth LLC now owns 14,980 shares of the chip maker’s stock worth $896,000 after purchasing an additional 686 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Intel during the 2nd quarter worth approximately $483,000. Institutional investors own 64.95% of the company’s stock.

NASDAQ:INTC opened at $47.73 on Friday. Intel Co. has a one year low of $43.63 and a one year high of $69.29. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.97 and a quick ratio of 1.58. The company has a market cap of $204.10 billion, a PE ratio of 8.79, a P/E/G ratio of 1.32 and a beta of 0.78. The firm’s 50 day simple moving average is $58.00 and its 200 day simple moving average is $59.19.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, July 23rd. The chip maker reported $1.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.12. Intel had a net margin of 29.97% and a return on equity of 31.55%. The firm had revenue of $19.73 billion during the quarter, compared to the consensus estimate of $18.54 billion. During the same quarter last year, the firm earned $1.06 earnings per share. Equities research analysts expect that Intel Co. will post 4.85 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, August 6th. Intel’s dividend payout ratio is currently 27.10%.

In related news, CEO Robert Holmes Swan bought 8,021 shares of Intel stock in a transaction that occurred on Friday, July 24th. The shares were acquired at an average cost of $50.00 per share, for a total transaction of $401,050.00. Following the completion of the acquisition, the chief executive officer now directly owns 293,594 shares of the company’s stock, valued at approximately $14,679,700. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Navin Shenoy sold 2,847 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $48.18, for a total transaction of $137,168.46. Following the sale, the executive vice president now directly owns 71,807 shares of the company’s stock, valued at approximately $3,459,661.26. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by insiders.

Several analysts recently weighed in on the company. Loop Capital dropped their price target on Intel from $59.00 to $50.00 and set a “sell” rating for the company in a report on Friday, July 24th. Rosenblatt Securities reissued a “sell” rating on shares of Intel in a report on Thursday, June 11th. Raymond James raised Intel from an “underperform” rating to a “market perform” rating and set a $75.00 price target for the company in a report on Monday, April 6th. JPMorgan Chase & Co. set a $80.00 price target on Intel and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Credit Suisse Group dropped their price target on Intel from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, July 24th. Twelve investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $61.67.

About Intel

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.

Read More: Analyzing a company’s cash flow statement

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTC).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.