Crossvault Capital Management LLC decreased its position in shares of Intel Co. (NASDAQ:INTC) by 12.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,750 shares of the chip maker’s stock after selling 800 shares during the quarter. Crossvault Capital Management LLC’s holdings in Intel were worth $368,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTC. OLD Mission Capital LLC bought a new stake in Intel in the 3rd quarter valued at about $727,000. Townsquare Capital LLC increased its position in Intel by 12.0% in the 3rd quarter. Townsquare Capital LLC now owns 10,584 shares of the chip maker’s stock valued at $543,000 after buying an additional 1,133 shares in the last quarter. Stillwater Investment Management LLC increased its position in Intel by 5.4% in the 4th quarter. Stillwater Investment Management LLC now owns 50,035 shares of the chip maker’s stock valued at $2,493,000 after buying an additional 2,554 shares in the last quarter. Park National Corp OH increased its position in Intel by 4.1% in the 4th quarter. Park National Corp OH now owns 944,969 shares of the chip maker’s stock valued at $47,079,000 after buying an additional 37,311 shares in the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services increased its position in Intel by 1.9% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 88,660 shares of the chip maker’s stock valued at $4,417,000 after buying an additional 1,693 shares in the last quarter. 63.25% of the stock is currently owned by institutional investors.
INTC has been the subject of a number of research analyst reports. Atlantic Securities raised Intel from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $36.00 to $55.00 in a research report on Thursday, January 14th. Loop Capital lifted their price target on Intel from $50.00 to $55.00 and gave the company a “sell” rating in a research note on Tuesday, March 30th. Evercore ISI lifted their price target on Intel from $68.00 to $75.00 and gave the company an “in-line” rating in a research note on Tuesday, March 30th. Credit Suisse Group set a $80.00 price target on Intel and gave the company a “buy” rating in a research note on Wednesday, April 21st. Finally, Northland Securities started coverage on Intel in a research note on Wednesday, March 24th. They set a “sell” rating and a $48.00 price target for the company. Twelve research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $63.59.
Intel (NASDAQ:INTC) last issued its earnings results on Wednesday, April 21st. The chip maker reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.24. The business had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $17.97 billion. Intel had a net margin of 28.10% and a return on equity of 29.44%. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.45 EPS. As a group, analysts predict that Intel Co. will post 4.89 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 1st. Stockholders of record on Friday, May 7th will be issued a $0.3475 dividend. The ex-dividend date is Thursday, May 6th. This represents a $1.39 annualized dividend and a dividend yield of 2.47%. Intel’s payout ratio is currently 28.54%.
Intel Company Profile
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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