Capital Bank & Trust Co boosted its stake in Intel Co. (NASDAQ:INTC) by 35.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,810,112 shares of the chip maker’s stock after acquiring an additional 476,533 shares during the quarter. Capital Bank & Trust Co’s holdings in Intel were worth $86,592,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Ogorek Anthony Joseph NY ADV grew its stake in Intel by 500.0% in the 2nd quarter. Ogorek Anthony Joseph NY ADV now owns 600 shares of the chip maker’s stock valued at $28,000 after acquiring an additional 500 shares during the period. Global Trust Asset Management LLC lifted its holdings in Intel by 273.2% in the 2nd quarter. Global Trust Asset Management LLC now owns 3,336 shares of the chip maker’s stock valued at $45,000 after purchasing an additional 2,442 shares in the last quarter. Virtus ETF Advisers LLC purchased a new position in Intel in the 4th quarter valued at $48,000. Next Capital Management LLC purchased a new position in Intel in the 2nd quarter valued at $48,000. Finally, Stevens First Principles Investment Advisors purchased a new position in Intel in the 4th quarter valued at $53,000. 65.89% of the stock is currently owned by hedge funds and other institutional investors.
INTC has been the topic of a number of research reports. Benchmark initiated coverage on Intel in a report on Tuesday, July 23rd. They issued a “hold” rating on the stock. Robert W. Baird set a $65.00 price objective on Intel and gave the company a “buy” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. restated a “buy” rating and issued a $64.00 price objective on shares of Intel in a report on Friday, July 26th. Goldman Sachs Group restated a “sell” rating and issued a $47.00 price objective on shares of Intel in a report on Friday, July 26th. Finally, Northland Securities upgraded Intel from an “under perform” rating to a “market perform” rating and set a $48.00 price objective on the stock in a report on Friday, August 16th. Nine investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $54.09.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 25th. The chip maker reported $1.06 earnings per share (EPS) for the quarter, beating the 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%. Intel’s revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.04 EPS. On average, 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. Investors of record on Thursday, November 7th will be issued a $0.315 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a yield of 2.4%. Intel’s dividend payout ratio (DPR) is currently 27.51%.
In other Intel news, EVP Navin Shenoy sold 601 shares of Intel stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $51.76, for a total value of $31,107.76. Following the completion of the transaction, the executive vice president now directly owns 53,063 shares of the company’s stock, valued at approximately $2,746,540.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Reed E. Hundt sold 10,000 shares of Intel stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $52.45, for a total value of $524,500.00. Following the completion of the transaction, the director now directly owns 44,400 shares of the company’s stock, valued at $2,328,780. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,481 shares of company stock worth $1,561,730. 0.02% of the stock is owned by insiders.
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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