Stock Yards Bank & Trust Co. Raises Holdings in Intel Co. (NASDAQ:INTC)

Stock Yards Bank & Trust Co. increased its position in shares of Intel Co. (NASDAQ:INTC) by 0.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 82,395 shares of the chip maker’s stock after purchasing an additional 211 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Intel were worth $4,929,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. TL Private Wealth increased its position in shares of Intel by 1.3% during the first quarter. TL Private Wealth now owns 13,178 shares of the chip maker’s stock worth $774,000 after purchasing an additional 170 shares in the last quarter. Bay Harbor Wealth Management LLC increased its position in shares of Intel by 17.3% during the first quarter. Bay Harbor Wealth Management LLC now owns 1,218 shares of the chip maker’s stock worth $66,000 after purchasing an additional 180 shares in the last quarter. Bridgeworth LLC increased its position in shares of Intel by 3.1% during the first quarter. Bridgeworth LLC now owns 6,283 shares of the chip maker’s stock worth $340,000 after purchasing an additional 189 shares in the last quarter. Financial Insights Inc. increased its position in shares of Intel by 5.5% during the first quarter. Financial Insights Inc. now owns 3,730 shares of the chip maker’s stock worth $202,000 after purchasing an additional 195 shares in the last quarter. Finally, Pure Financial Advisors Inc. grew its holdings in Intel by 4.4% in the 2nd quarter. Pure Financial Advisors Inc. now owns 4,748 shares of the chip maker’s stock valued at $284,000 after buying an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 64.95% of the company’s stock.

In other Intel news, EVP Navin Shenoy sold 7,018 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $59.83, for a total value of $419,886.94. Following the sale, the executive vice president now owns 68,942 shares of the company’s stock, valued at approximately $4,124,799.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Venkata S. M. Renduchintala sold 46,544 shares of the stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $60.67, for a total value of $2,823,824.48. Following the completion of the sale, the insider now directly owns 126,240 shares in the company, valued at approximately $7,658,980.80. The disclosure for this sale can be found here. Insiders sold a total of 56,410 shares of company stock worth $3,411,259 in the last ninety days. 0.04% of the stock is owned by corporate insiders.

Several analysts have issued reports on the company. SunTrust Banks upped their target price on Intel from $58.00 to $59.00 and gave the company a “hold” rating in a report on Friday, April 24th. JPMorgan Chase & Co. set a $80.00 target price on Intel and gave the company a “buy” rating in a report on Friday, April 24th. Bank of America restated a “buy” rating and issued a $70.00 target price on shares of Intel in a report on Monday, June 22nd. BNP Paribas upgraded Intel from a “neutral” rating to an “outperform” rating and set a $65.00 target price for the company in a report on Tuesday, March 24th. Finally, Sanford C. Bernstein set a $55.00 target price on Intel and gave the company a “neutral” rating in a report on Tuesday, June 23rd. Eight research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. Intel presently has a consensus rating of “Hold” and a consensus price target of $65.50.

INTC opened at $58.98 on Wednesday. The stock’s 50-day moving average price is $60.49 and its 200 day moving average price is $59.54. Intel Co. has a 12-month low of $43.63 and a 12-month high of $69.29. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. The firm has a market cap of $252.05 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 1.65 and a beta of 0.78.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 23rd. The chip maker reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.17. The company had revenue of $19.83 billion for the quarter, compared to analyst estimates of $18.65 billion. Intel had a return on equity of 31.64% and a net margin of 30.02%. Intel’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 EPS. On average, research analysts forecast that Intel Co. will post 4.81 earnings per share for the current year.

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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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