Mechanics Bank Trust Department grew its stake in Intel Co. (NASDAQ:INTC) by 1.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 79,954 shares of the chip maker’s stock after acquiring an additional 1,086 shares during the period. Mechanics Bank Trust Department’s holdings in Intel were worth $3,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of INTC. Midwest Professional Planners LTD. grew its stake in shares of Intel by 10.7% in the first quarter. Midwest Professional Planners LTD. now owns 10,028 shares of the chip maker’s stock valued at $522,000 after acquiring an additional 966 shares in the last quarter. Kingfisher Capital LLC grew its stake in shares of Intel by 9.6% in the first quarter. Kingfisher Capital LLC now owns 11,090 shares of the chip maker’s stock valued at $578,000 after acquiring an additional 967 shares in the last quarter. Fiduciary Group LLC grew its stake in shares of Intel by 2.9% in the first quarter. Fiduciary Group LLC now owns 34,165 shares of the chip maker’s stock valued at $1,779,000 after acquiring an additional 969 shares in the last quarter. WealthTrust Fairport LLC grew its stake in shares of Intel by 2.9% in the first quarter. WealthTrust Fairport LLC now owns 34,782 shares of the chip maker’s stock valued at $1,811,000 after acquiring an additional 971 shares in the last quarter. Finally, Schnieders Capital Management LLC grew its stake in shares of Intel by 0.8% in the first quarter. Schnieders Capital Management LLC now owns 116,518 shares of the chip maker’s stock valued at $6,069,000 after acquiring an additional 972 shares in the last quarter. 65.33% of the stock is currently owned by institutional investors.

Several equities analysts recently commented on INTC shares. Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Wednesday. KeyCorp decreased their price target on shares of Intel from $60.00 to $58.00 and set an “overweight” rating on the stock in a research note on Friday, July 27th. Wells Fargo & Co restated a “buy” rating and issued a $65.00 price target on shares of Intel in a research note on Thursday, June 21st. BidaskClub downgraded shares of Intel from a “sell” rating to a “strong sell” rating in a research note on Friday, September 14th. Finally, Needham & Company LLC restated a “buy” rating and issued a $60.00 price target on shares of Intel in a research note on Friday, July 27th. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $55.29.

In other Intel news, CEO Robert Holmes Swan acquired 5,243 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The stock was acquired at an average price of $47.69 per share, for a total transaction of $250,038.67. Following the acquisition, the chief executive officer now directly owns 71,672 shares in the company, valued at $3,418,037.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven Ralph Rodgers sold 1,251 shares of the firm’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $48.37, for a total transaction of $60,510.87. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,077 shares of company stock valued at $205,757. 0.03% of the stock is owned by company insiders.

INTC opened at $45.88 on Friday. Intel Co. has a 1-year low of $37.29 and a 1-year high of $57.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.15 and a current ratio of 1.57. The company has a market capitalization of $214.78 billion, a PE ratio of 13.26, a P/E/G ratio of 1.31 and a beta of 0.97.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 26th. The chip maker reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.05. Intel had a net margin of 20.07% and a return on equity of 27.33%. The company had revenue of $16.96 billion for the quarter, compared to the consensus estimate of $16.78 billion. During the same period last year, the company posted $0.72 EPS. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. analysts expect that Intel Co. will post 4.15 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Wednesday, November 7th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, November 6th. This represents a $1.20 dividend on an annualized basis and a yield of 2.62%. Intel’s dividend payout ratio (DPR) is presently 34.68%.

Intel Profile

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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