Capital City Trust Co. FL raised its holdings in shares of Intel Co. (NASDAQ:INTC – Get Rating) by 12.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,821 shares of the chip maker’s stock after acquiring an additional 750 shares during the quarter. Capital City Trust Co. FL’s holdings in Intel were worth $255,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Landmark Wealth Management LLC purchased a new position in shares of Intel during the first quarter valued at about $31,000. Lansing Street Advisors purchased a new position in shares of Intel during the first quarter valued at about $28,000. Lloyd Advisory Services LLC. grew its position in shares of Intel by 2,835.0% during the first quarter. Lloyd Advisory Services LLC. now owns 587 shares of the chip maker’s stock valued at $29,000 after purchasing an additional 567 shares in the last quarter. Emerald Advisers LLC purchased a new position in shares of Intel during the first quarter valued at about $38,000. Finally, Gibson Wealth Advisors LLC purchased a new position in shares of Intel during the fourth quarter valued at about $41,000. 61.52% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
INTC has been the subject of several recent research reports. Stifel Nicolaus initiated coverage on Intel in a research report on Wednesday, September 7th. They issued a “hold” rating and a $32.00 price target for the company. Bank of America dropped their price target on Intel from $47.00 to $39.00 and set an “underperform” rating for the company in a research report on Wednesday, June 29th. DZ Bank lowered Intel from a “hold” rating to a “sell” rating and set a $30.00 price target for the company. in a research report on Tuesday, August 2nd. Credit Suisse Group set a $45.00 price target on Intel in a research report on Monday, August 1st. Finally, Rosenblatt Securities dropped their price target on Intel from $40.00 to $30.00 and set a “sell” rating for the company in a research report on Friday, July 29th. Nine analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.96.
Intel Stock Performance
Intel (NASDAQ:INTC – Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The chip maker reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.40). Intel had a return on equity of 16.65% and a net margin of 26.03%. The business had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $17.93 billion. During the same period last year, the firm earned $1.28 EPS. The business’s quarterly revenue was down 17.3% on a year-over-year basis. On average, sell-side analysts predict that Intel Co. will post 2.25 earnings per share for the current fiscal year.
Intel Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be issued a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 5.28%. The ex-dividend date is Friday, November 4th. Intel’s dividend payout ratio is currently 31.26%.
Insiders Place Their Bets
In other news, CEO Patrick P. Gelsinger purchased 14,800 shares of the business’s stock in a transaction on Wednesday, August 24th. The shares were acquired at an average cost of $33.86 per share, with a total value of $501,128.00. Following the completion of the acquisition, the chief executive officer now owns 77,216 shares of the company’s stock, valued at $2,614,533.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.02% of the company’s stock.
Intel Company Profile
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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