First National Bank of Mount Dora Trust Investment Services increased its holdings in Intel Company (NASDAQ: INTC) during the fourth quarter by 4.7%, as stated in the most recent disclosure that the company filed with the Securities and Exchange Commission.
The investment fund finished the time frame with a total holding of 104,106 shares of the chipmaker’s stock.
This was accomplished by purchasing an additional 4,671 shares during the time frame.
At the end of the most recent fiscal quarter, the First National Bank of Mount Dora Trust Investment Services estimated that Intel was worth $2,751,000.
In other related news, Chief Financial Officer David Zinsner bought 1,800 shares of Intel Corporation stock on Monday, January 30.
This was reported in related news.
Because the stock was purchased at an average price of $27.89 per share, the total amount of money invested was $50,202.00.
The completion of the transaction resulted in the chief financial officer now directly owns 17,450 shares of the company.
Based on the current market price, this gives the CFO a net worth of $486,680.50. Clicking on the link provided in the previous sentence will take you to a page where you can read the legal documents sent to the Securities and Exchange Commission regarding the transaction.
In other related news, Chief Financial Officer David Zinsner bought 1,800 shares of company stock on Monday, January 30.
This was reported in the related news article.
Because the stock was purchased at an average price of $27.89 per share, the total amount of money invested was $50,202.00.
The completion of the acquisition resulted in the chief financial officer gaining direct ownership of 17,450 shares of the company.
The total value of these shares is $486,680.50, so the CFO is now the proud owner. Following this link, you will be taken to the SEC filing in which the transaction was discussed in greater detail.
Similarly, Chief Executive Officer Patrick P. Gelsinger purchased 9,700 shares of the company’s stock on February 23.
The cost of purchasing all of the shares came to a total of $249,096.00, which works out to a price of $25.68 per share on average. Following the acquisition’s successful completion, the company’s chief executive officer now directly owns 18,700 company shares, the total value of which is $480,216. You should be able to locate the disclosure concerning this transaction in the following location: Insiders of the company have made purchases amounting to a total value of $549,768 over the past three months, purchasing a total of 20,500 shares of stock.
Business insiders on the total number of shares of stock in the company to the extent of 0.02%.
Recent market activity has resulted in several hedge funds changing their company stock investments.
During the third quarter, Vanguard Group INC increased the amount of Intel stock owned by 1.1%, bringing its total ownership percentage to 100%.
After making additional purchases totaling 3,842,416 shares during the most recent quarter, Vanguard Group INC now holds 361,644,210 of its portfolio’s chipmaker shares.
The total value of the stock holdings held by Vanguard Group INC comes to $9,319,571,000.
During the third quarter, State Street Corporation achieved a 2.3% increase in the proportion of Intel stock it owned. State Street Corp. now owns 180,279,279 shares of the chip maker’s stock, which have a combined value of $4,645,797,000 after purchasing an additional 4,129,574 shares during the most recent time window.
This brings the total number of shares owned by State Street Corp.
To 180,279,279.
Primecap Management Company of Canada increased the amount of Intel stock owned by 7.2% during the third quarter of the fiscal year.
After making additional purchases totaling 3,518,980 shares over the quarter, Primecap Management Co, CA, now holds 52,117,226 of the chipmaker’s common stock in their portfolio.
The total worth of their stock holdings in this company amounts to $1,343,061,000 at this point.
During the second quarter, Legal & General Group Plc achieved a 2.0% increase in the proportion of Intel stock it owned.
Legal & General Group Plc has 628,215 more shares than it did at the beginning of the period, which the company’s shareholdings can see as of the present day.
This brings the total number of chips owned by the company up to 31,505,367, with an associated value of $1,178,619,000.
During the second quarter of this year, Deutsche Bank AG outdoes its competitors by increasing the amount of Intel stock owned by an additional 11.7%.
After acquiring an additional 2,473,555 shares during the quarter, Deutsche Bank AG now holds 23,573,139 shares of the chipmaker’s stock.
These shares have a current market value of $881,871,000 due to recent market activity.
Institutional investors and hedge funds jointly own 59.48% of the total number of shares in the company, making them the company’s largest shareholders.
When trading started on Thursday, the price of an individual share of Intel was $28.84.
During the last 52 weeks, the share price of Intel Company has ranged from a low of $24.59 to a high of $52.51 each day.
The stock trades at $28.02 above its simple moving average of 50 days, which is $28.15 above its simple moving average of 200 days.
The debt-to-equity ratio stands at 0.36, the quick ratio at 1.16, and the current ratio at 1.5.
The share price equates to a P/E ratio of 14.49, a PEG ratio of 8.61, and a beta coefficient of 0.81.
The stock’s market value is currently $119.31 billion.
On January 26, the quarterly earnings report for Intel, traded on the NASDAQ under the symbol “INTC,” was made public.
The earnings reported by the semiconductor manufacturer for the previous quarter were $0.10 per share, which was $0.10 less than the average expectation of $0.20 per share.
The return on equity for Intel was 7.45 percent, while the net margin for the company was 12.71 percent. However, the company could only bring in $14.04 billion in revenue during the quarter, in contrast to the $14.49 billion analysts predicted it would bring in during the same period.
The company reported $1.09 per share in the prior year’s financial statements for the same quarter.
The revenue for the current quarter was lower by 31.6% when measured against what it was during the same period in the year prior. Research analysts anticipate that Intel Company will generate $0.55 per share earnings during the current fiscal year.
Additionally, the company has just announced that it will begin distributing dividends every quarter beginning June 1. On May 7, the record date for dividend eligibility, shareholders who own shares will be eligible to receive dividend payments of $0.125 per share.
This translates to a yield of 1.73 percent and an annual dividend payment of half a dollar.
Thursday, May 4, is the cutoff point, after which dividends will no longer be accumulated.
Intel has a dividend payout ratio to shareholders of 74.49%.