CNB Bank increased its holdings in Intel Co. (NASDAQ:INTC – Get Rating) by 3.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,444 shares of the chip maker’s stock after acquiring an additional 1,155 shares during the quarter. Intel makes up 1.0% of CNB Bank’s portfolio, making the stock its 29th biggest position. CNB Bank’s holdings in Intel were worth $1,707,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the stock. Garrett Investment Advisors LLC lifted its stake in shares of Intel by 1.3% in the fourth quarter. Garrett Investment Advisors LLC now owns 15,090 shares of the chip maker’s stock worth $777,000 after acquiring an additional 192 shares in the last quarter. Sax Wealth Advisors LLC raised its stake in Intel by 1.9% during the third quarter. Sax Wealth Advisors LLC now owns 10,752 shares of the chip maker’s stock valued at $573,000 after buying an additional 200 shares in the last quarter. Mount Vernon Associates Inc. MD raised its stake in Intel by 0.5% during the fourth quarter. Mount Vernon Associates Inc. MD now owns 43,737 shares of the chip maker’s stock valued at $2,252,000 after buying an additional 200 shares in the last quarter. Capital One Financial Corp raised its stake in Intel by 1.3% during the fourth quarter. Capital One Financial Corp now owns 15,773 shares of the chip maker’s stock valued at $812,000 after buying an additional 204 shares in the last quarter. Finally, Johnson Midwest Financial LLC raised its stake in Intel by 6.7% during the fourth quarter. Johnson Midwest Financial LLC now owns 3,371 shares of the chip maker’s stock valued at $174,000 after buying an additional 211 shares in the last quarter. Institutional investors and hedge funds own 62.74% of the company’s stock.
Several analysts have issued reports on INTC shares. Citigroup cut their price objective on Intel from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, June 6th. Sanford C. Bernstein set a $35.00 price objective on Intel in a research note on Tuesday. Morgan Stanley cut Intel from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $55.00 to $47.00 in a research report on Thursday, March 3rd. TheStreet cut Intel from a “b-” rating to a “c+” rating in a research report on Tuesday, May 24th. Finally, Barclays set a $45.00 price target on Intel in a research report on Friday, April 29th. Eight research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Intel has a consensus rating of “Hold” and an average price target of $53.24.
Shares of NASDAQ INTC opened at $37.38 on Thursday. The stock has a fifty day moving average price of $43.10 and a two-hundred day moving average price of $47.39. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.13. The firm has a market cap of $152.85 billion, a P/E ratio of 6.21, a PEG ratio of 1.44 and a beta of 0.60. Intel Co. has a 1 year low of $36.60 and a 1 year high of $57.83.
Intel (NASDAQ:INTC – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The chip maker reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. The firm had revenue of $18.40 billion during the quarter, compared to analyst estimates of $18.32 billion. Intel had a return on equity of 21.67% and a net margin of 31.68%. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period last year, the company posted $1.39 EPS. On average, research analysts predict that Intel Co. will post 3.5 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 1st. Stockholders of record on Saturday, May 7th were given a dividend of $0.365 per share. The ex-dividend date was Thursday, May 5th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.91%. Intel’s dividend payout ratio (DPR) is presently 24.25%.
Intel Company Profile (Get Rating)
Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, 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, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.
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