Intel Co. (INTC) Stake Lessened by First Command Bank
First Command Bank lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 49.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,695 shares of the chip maker’s stock after selling 11,581 shares during the quarter. First Command Bank’s holdings in Intel were worth $549,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC boosted its stake in Intel by 86.7% during the 3rd quarter. Tortoise Investment Management LLC now owns 1,249 shares of the chip maker’s stock valued at $59,000 after purchasing an additional 580 shares during the period. Mackey Komara & Dankovich LLC bought a new stake in Intel during the 4th quarter valued at approximately $84,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Intel by 375.2% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,533 shares of the chip maker’s stock valued at $120,000 after purchasing an additional 2,000 shares during the period. Highwater Wealth Management LLC bought a new stake in Intel during the 4th quarter valued at approximately $125,000. Finally, Ironwood Financial llc boosted its stake in Intel by 429.0% during the 3rd quarter. Ironwood Financial llc now owns 2,645 shares of the chip maker’s stock valued at $125,000 after purchasing an additional 2,145 shares during the period. Institutional investors own 64.69% of the company’s stock.
In other news, EVP Steven Ralph Rodgers sold 25,170 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $55.00, for a total value of $1,384,350.00. Following the completion of the transaction, the executive vice president now directly owns 48,140 shares of the company’s stock, valued at approximately $2,647,700. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Navin Shenoy sold 1,518 shares of the stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $46.11, for a total value of $69,994.98. Following the completion of the transaction, the executive vice president now directly owns 52,419 shares of the company’s stock, valued at $2,417,040.09. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,431 shares of company stock valued at $3,500,497. 0.03% of the stock is currently owned by insiders.
Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 24th. The chip maker reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.06. Intel had a return on equity of 30.08% and a net margin of 29.72%. The company had revenue of $18.66 billion during the quarter, compared to the consensus estimate of $19.02 billion. During the same quarter last year, the company earned $1.08 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities research analysts forecast that Intel Co. will post 4.5 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be issued a $0.315 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.26%. Intel’s payout ratio is presently 27.51%.
INTC has been the subject of several recent analyst reports. ValuEngine upgraded Intel from a “sell” rating to a “hold” rating in a research note on Thursday, December 13th. MKM Partners restated a “buy” rating on shares of Intel in a research note on Monday, December 17th. Morgan Stanley increased their target price on Intel from $54.00 to $55.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 19th. BidaskClub upgraded Intel from a “hold” rating to a “buy” rating in a research note on Tuesday, December 25th. Finally, Zacks Investment Research downgraded Intel from a “buy” rating to a “hold” rating in a research note on Monday, December 31st. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Intel presently has a consensus rating of “Hold” and an average target price of $55.10.
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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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