First United Bank Trust reduced its stake in Intel Co. (NASDAQ:INTC) by 8.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,150 shares of the chip maker’s stock after selling 3,750 shares during the period. Intel accounts for approximately 1.4% of First United Bank Trust’s holdings, making the stock its 19th biggest position. First United Bank Trust’s holdings in Intel were worth $2,172,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Segall Bryant & Hamill LLC lifted its stake in Intel by 1.9% during the fourth quarter. Segall Bryant & Hamill LLC now owns 261,096 shares of the chip maker’s stock valued at $12,253,000 after purchasing an additional 4,813 shares during the last quarter. IHT Wealth Management LLC lifted its stake in Intel by 26.2% during the fourth quarter. IHT Wealth Management LLC now owns 33,622 shares of the chip maker’s stock valued at $1,578,000 after purchasing an additional 6,985 shares during the last quarter. Howard Financial Services LTD. acquired a new stake in Intel during the fourth quarter valued at approximately $4,485,000. Pathlight Investors LLC acquired a new stake in Intel during the fourth quarter valued at approximately $844,000. Finally, Stellar Capital Management LLC lifted its stake in Intel by 1.0% during the fourth quarter. Stellar Capital Management LLC now owns 129,714 shares of the chip maker’s stock valued at $6,088,000 after purchasing an additional 1,267 shares during the last quarter. 65.89% of the stock is owned by institutional investors.
Several analysts recently commented on the stock. Bank of America cut their target price on shares of Intel from $62.00 to $57.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. SunTrust Banks reissued a “buy” rating and set a $58.00 target price (up from $54.00) on shares of Intel in a research note on Friday, July 26th. Mizuho increased their target price on shares of Intel from $52.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Sanford C. Bernstein reissued a “sell” rating and set a $39.00 target price on shares of Intel in a research note on Friday, July 26th. Finally, Northland Securities raised shares of Intel from an “under perform” rating to a “market perform” rating and set a $48.00 target price for the company in a research note on Friday, August 16th. Eight investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nineteen have issued a buy rating to the company. Intel has an average rating of “Hold” and a consensus price target of $53.79.
Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 25th. The chip maker reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.17. The firm had revenue of $16.51 billion for the quarter, compared to analyst estimates of $15.70 billion. Intel had a net margin of 28.05% and a return on equity of 28.84%. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.04 EPS. On average, equities analysts predict that Intel Co. will post 4.38 earnings per share for the current year.
The business also recently disclosed a — dividend, which will be paid on Sunday, December 1st. Shareholders of record on Thursday, November 7th will be paid a $0.315 dividend. The ex-dividend date is Wednesday, November 6th. This represents a yield of 2.4%. Intel’s dividend payout ratio is presently 27.51%.
In other Intel news, EVP Navin Shenoy sold 601 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $51.76, for a total value of $31,107.76. Following the transaction, the executive vice president now owns 53,063 shares in the company, valued at approximately $2,746,540.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Robert Holmes Swan acquired 10,918 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was bought at an average price of $45.70 per share, for a total transaction of $498,952.60. Following the purchase, the chief executive officer now owns 168,955 shares in the company, valued at approximately $7,721,243.50. The disclosure for this purchase can be found here. In the last quarter, insiders sold 41,541 shares of company stock worth $2,135,306. Company insiders own 0.02% of the company’s stock.
Intel Company Profile
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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