First National Bank of Mount Dora Trust Investment Services Sells 11,945 Shares of Intel Co. (NASDAQ:INTC)


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First National Bank of Mount Dora Trust Investment Services cut its stake in shares of Intel Co. (NASDAQ:INTC) by 13.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 76,715 shares of the chip maker’s stock after selling 11,945 shares during the period. Intel comprises approximately 1.7% of First National Bank of Mount Dora Trust Investment Services’ investment portfolio, making the stock its 23rd biggest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Intel were worth $4,910,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. United Bank raised its holdings in Intel by 9.8% in the 3rd quarter. United Bank now owns 32,301 shares of the chip maker’s stock valued at $1,673,000 after buying an additional 2,877 shares during the last quarter. Wealth Alliance increased its stake in shares of Intel by 9.7% in the third quarter. Wealth Alliance now owns 16,308 shares of the chip maker’s stock valued at $844,000 after buying an additional 1,439 shares during the period. Weld Capital Management LLC increased its stake in shares of Intel by 141.1% in the third quarter. Weld Capital Management LLC now owns 8,867 shares of the chip maker’s stock valued at $459,000 after buying an additional 5,189 shares during the period. OLD Mission Capital LLC acquired a new position in shares of Intel in the third quarter worth approximately $727,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Intel in the third quarter worth approximately $20,680,000. Institutional investors own 63.25% of the company’s stock.

In other news, CEO Robert Holmes Swan purchased 27,244 shares of the stock in a transaction dated Monday, January 25th. The shares were purchased at an average cost of $55.57 per share, with a total value of $1,513,949.08. Following the completion of the acquisition, the chief executive officer now owns 330,774 shares in the company, valued at approximately $18,381,111.18. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO George S. Davis acquired 9,095 shares of the business’s stock in a transaction dated Tuesday, January 26th. The stock was purchased at an average price of $55.34 per share, with a total value of $503,317.30. Following the completion of the transaction, the chief financial officer now directly owns 71,223 shares of the company’s stock, valued at approximately $3,941,480.82. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Several research firms have issued reports on INTC. Truist Securities raised their price target on shares of Intel from $64.00 to $73.00 in a report on Wednesday, March 24th. Northland Securities started coverage on shares of Intel in a report on Wednesday, March 24th. They issued a “sell” rating and a $48.00 target price on the stock. Truist upped their price target on shares of Intel from $60.00 to $64.00 in a research report on Friday, January 22nd. Wells Fargo & Company lifted their price objective on Intel from $60.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 30th. Finally, Bank of America restated a “sell” rating and set a $62.00 target price on shares of Intel in a research report on Tuesday, March 30th. Eleven research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $63.64.

Shares of Intel stock traded up $0.35 on Thursday, reaching $66.60. 164,259 shares of the company traded hands, compared to its average volume of 36,173,594. The company has a 50 day moving average of $62.88 and a 200 day moving average of $54.07. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.66 and a quick ratio of 1.24. Intel Co. has a 52 week low of $43.61 and a 52 week high of $67.44. The firm has a market capitalization of $271.22 billion, a PE ratio of 12.99, a PEG ratio of 1.63 and a beta of 0.74.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Wednesday, January 20th. The chip maker reported $1.52 EPS for the quarter, beating the consensus estimate of $1.10 by $0.42. Intel had a return on equity of 29.44% and a net margin of 28.10%. The business had revenue of $19.98 billion for the quarter, compared to the consensus estimate of $17.47 billion. During the same quarter in the prior year, the business earned $1.52 earnings per share. As a group, analysts anticipate that Intel Co. will post 4.89 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 1st. Shareholders of record on Friday, May 7th will be given a dividend of $0.3475 per share. The ex-dividend date of this dividend is Thursday, May 6th. This represents a $1.39 dividend on an annualized basis and a yield of 2.09%. Intel’s dividend payout ratio is presently 28.54%.

About Intel

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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