CHICAGO TRUST Co NA Boosts Stake in Intel Co. (NASDAQ:INTC)

CHICAGO TRUST Co NA grew its stake in Intel Co. (NASDAQ:INTC) by 39.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,128 shares of the chip maker’s stock after buying an additional 17,987 shares during the period. Intel accounts for 1.4% of CHICAGO TRUST Co NA’s holdings, making the stock its 22nd biggest position. CHICAGO TRUST Co NA’s holdings in Intel were worth $3,304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of INTC. Delta Asset Management LLC TN grew its position 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 during the period. Mount Vernon Associates Inc. MD grew its position 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 during the period. NTV Asset Management LLC grew its position 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 during the period. Landsberg Bennett & Dubbaneh LLC grew its position 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 during the period. Finally, Apriem Advisors grew its position 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 during the period. 65.89% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:INTC traded up $0.75 during midday trading on Wednesday, hitting $50.48. The company’s stock had a trading volume of 10,057,228 shares, compared to its average volume of 22,885,762. The business’s 50 day simple moving average is $49.63 and its 200 day simple moving average is $49.57. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.48. The company has a market cap of $224.25 billion, a P/E ratio of 11.02, a price-to-earnings-growth ratio of 1.55 and a beta of 0.91. Intel Co. has a 12-month low of $42.36 and a 12-month high of $59.59.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.17. The firm had revenue of $16.51 billion for the quarter, compared to the consensus estimate of $15.70 billion. Intel had a net margin of 28.05% and a return on equity of 28.84%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period last year, the firm posted $1.04 earnings per share. On average, sell-side analysts predict that Intel Co. will post 4.38 earnings per share for the current fiscal year.

The firm also recently declared a — dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 7th will be paid a $0.315 dividend. This represents a dividend yield of 2.4%. The ex-dividend date is Wednesday, November 6th. Intel’s dividend payout ratio is currently 27.51%.

Several analysts recently commented on the stock. Mizuho raised their price target on shares of Intel from $52.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Atlantic Securities assumed coverage on shares of Intel in a research report on Monday, July 22nd. They set an “underweight” rating and a $38.00 price target on the stock. BidaskClub upgraded shares of Intel from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. Goldman Sachs Group restated a “sell” rating and set a $47.00 price target on shares of Intel in a research report on Friday, July 26th. Finally, Jefferies Financial Group set a $40.00 price target on shares of Intel and gave the company a “sell” rating in a research report on Friday, July 26th. Eight analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nineteen have issued a buy rating to the company. Intel currently has an average rating of “Hold” and an average price target of $53.79.

In other news, Director Frank D. Yeary sold 2,509 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $51.18, for a total value of $128,410.62. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Navin Shenoy sold 601 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $51.76, for a total transaction of $31,107.76. Following the completion of the transaction, the executive vice president now directly owns 53,063 shares in the company, valued at $2,746,540.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,541 shares of company stock worth $2,135,306. Insiders own 0.02% of the company’s stock.

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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