First Bank & Trust decreased its stake in Intel Corporation (NASDAQ:INTC) by 2.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,949 shares of the chip maker’s stock after selling 257 shares during the period. First Bank & Trust’s holdings in Intel Corporation were worth $359,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTC. Dowling & Yahnke LLC increased its position in Intel Corporation by 1.4% in the first quarter. Dowling & Yahnke LLC now owns 196,323 shares of the chip maker’s stock valued at $7,081,000 after buying an additional 2,682 shares during the period. WealthTrust Axiom LLC increased its position in Intel Corporation by 0.6% in the first quarter. WealthTrust Axiom LLC now owns 147,605 shares of the chip maker’s stock valued at $5,324,000 after buying an additional 916 shares during the period. Callahan Advisors LLC increased its position in Intel Corporation by 1.5% in the first quarter. Callahan Advisors LLC now owns 279,519 shares of the chip maker’s stock valued at $10,082,000 after buying an additional 4,181 shares during the period. Wedgewood Investors Inc. PA increased its position in Intel Corporation by 0.8% in the first quarter. Wedgewood Investors Inc. PA now owns 24,982 shares of the chip maker’s stock valued at $901,000 after buying an additional 198 shares during the period. Finally, BTC Capital Management Inc. increased its position in Intel Corporation by 0.9% in the first quarter. BTC Capital Management Inc. now owns 111,343 shares of the chip maker’s stock valued at $4,016,000 after buying an additional 968 shares during the period. 67.31% of the stock is owned by institutional investors and hedge funds.
Shares of Intel Corporation (INTC) traded down 0.45% during mid-day trading on Friday, hitting $35.01. The stock had a trading volume of 16,231,408 shares. The stock has a 50 day moving average of $35.09 and a 200-day moving average of $35.65. The stock has a market capitalization of $164.51 billion, a P/E ratio of 13.36 and a beta of 1.01. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $38.45.
Intel Corporation (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. The firm had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 earnings per share. On average, equities research analysts predict that Intel Corporation will post $3.01 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be given a $0.2725 dividend. This represents a $1.09 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Thursday, August 3rd. Intel Corporation’s payout ratio is 41.76%.
Several research analysts have recently issued reports on the company. BidaskClub downgraded Intel Corporation from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research raised shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Thursday. Sanford C. Bernstein set a $30.00 target price on shares of Intel Corporation and gave the company a “sell” rating in a research note on Tuesday. Goldman Sachs Group, Inc. (The) reissued a “hold” rating on shares of Intel Corporation in a research note on Wednesday, August 9th. Finally, Vetr downgraded shares of Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.26 target price for the company. in a research note on Tuesday, August 8th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have assigned a buy rating to the company. Intel Corporation has a consensus rating of “Hold” and an average target price of $40.55.
In related news, CFO Robert Holmes Swan purchased 13,888 shares of Intel Corporation stock in a transaction that occurred on Monday, June 5th. The shares were acquired at an average price of $36.31 per share, with a total value of $504,273.28. Following the completion of the transaction, the chief financial officer now directly owns 8,774 shares of the company’s stock, valued at approximately $318,583.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $36.40, for a total value of $51,833.60. Following the sale, the insider now directly owns 1,536 shares in the company, valued at approximately $55,910.40. The disclosure for this sale can be found here. Insiders sold 91,921 shares of company stock worth $3,130,162 in the last ninety days. 0.09% of the stock is owned by company insiders.
Intel Corporation Company Profile
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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