First National Trust Co reduced its stake in Intel Co. (NASDAQ:INTC) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 206,326 shares of the chip maker’s stock after selling 12,066 shares during the quarter. Intel comprises 1.0% of First National Trust Co’s holdings, making the stock its 22nd largest position. First National Trust Co’s holdings in Intel were worth $9,524,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in INTC. Janus Henderson Group PLC raised its holdings in Intel by 4,951.1% in the 2nd quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock valued at $690,156,000 after acquiring an additional 20,050,088 shares during the period. Capital Research Global Investors raised its holdings in Intel by 9.1% in the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after acquiring an additional 10,744,753 shares during the period. Capital World Investors raised its holdings in Intel by 5.5% in the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after acquiring an additional 10,257,260 shares during the period. Capital International Investors bought a new position in Intel in the 3rd quarter valued at about $339,563,000. Finally, Vanguard Group Inc. raised its holdings in Intel by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after acquiring an additional 8,087,302 shares during the period. 69.13% of the stock is currently owned by hedge funds and other institutional investors.
INTC has been the topic of several recent research reports. BidaskClub raised shares of Intel from a “buy” rating to a “strong-buy” rating in a report on Friday, March 9th. ValuEngine cut shares of Intel from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. B. Riley reaffirmed a “buy” rating and set a $55.00 target price on shares of Intel in a report on Friday, January 26th. Goldman Sachs reaffirmed a “neutral” rating and set a $48.00 target price on shares of Intel in a report on Friday, January 26th. Finally, Macquarie reaffirmed a “buy” rating and set a $55.00 target price on shares of Intel in a report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. Intel has a consensus rating of “Buy” and an average price target of $50.04.
INTC stock opened at $51.55 on Wednesday. The company has a market cap of $237,274.45, a price-to-earnings ratio of 14.65, a PEG ratio of 1.72 and a beta of 1.01. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.69. Intel Co. has a fifty-two week low of $33.23 and a fifty-two week high of $53.78.
Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.22. The company had revenue of $17.05 billion for the quarter, compared to analyst estimates of $16.34 billion. Intel had a net margin of 15.30% and a return on equity of 24.33%. Intel’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.79 earnings per share. research analysts forecast that Intel Co. will post 3.51 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Monday, May 7th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.33%. Intel’s dividend payout ratio (DPR) is presently 60.61%.
In other news, CEO Brian M. Krzanich sold 74,456 shares of Intel stock in a transaction on Monday, February 26th. The shares were sold at an average price of $48.67, for a total transaction of $3,623,773.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Navin Shenoy sold 2,155 shares of Intel stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $45.63, for a total transaction of $98,332.65. Following the transaction, the executive vice president now owns 20,933 shares in the company, valued at approximately $955,172.79. The disclosure for this sale can be found here. In the last quarter, insiders have sold 123,914 shares of company stock worth $6,011,490. 0.08% of the stock is owned by company insiders.
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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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