M&T Bank Corp Sells 33,258 Shares of Intel Co. (NASDAQ:INTC)

M&T Bank Corp lowered its stake in Intel Co. (NASDAQ:INTC) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,738,896 shares of the chip maker’s stock after selling 33,258 shares during the period. M&T Bank Corp’s holdings in Intel were worth $104,037,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in INTC. Community Financial Services Group LLC boosted its holdings in shares of Intel by 0.9% during the 1st quarter. Community Financial Services Group LLC now owns 64,954 shares of the chip maker’s stock valued at $3,515,000 after buying an additional 606 shares in the last quarter. Krueger & Catalano Capital Partners LLC boosted its holdings in shares of Intel by 18.5% during the 1st quarter. Krueger & Catalano Capital Partners LLC now owns 5,909 shares of the chip maker’s stock valued at $320,000 after buying an additional 924 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV boosted its holdings in shares of Intel by 1.2% during the 1st quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 25,893 shares of the chip maker’s stock valued at $1,401,000 after buying an additional 300 shares in the last quarter. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Intel by 8.4% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 7,618 shares of the chip maker’s stock valued at $412,000 after buying an additional 592 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. boosted its holdings in shares of Intel by 3.1% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 34,005 shares of the chip maker’s stock valued at $1,840,000 after buying an additional 1,012 shares in the last quarter. Institutional investors and hedge funds own 64.95% of the company’s stock.

Shares of NASDAQ:INTC opened at $47.73 on Friday. The stock has a 50 day moving average of $58.00 and a 200 day moving average of $59.19. The company has a market cap of $204.10 billion, a PE ratio of 8.79, a price-to-earnings-growth ratio of 1.32 and a beta of 0.78. The company has a current ratio of 1.97, a quick ratio of 1.58 and a debt-to-equity ratio of 0.44. Intel Co. has a 12-month low of $43.63 and a 12-month high of $69.29.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 23rd. The chip maker reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.12. The company had revenue of $19.73 billion during the quarter, compared to the consensus estimate of $18.54 billion. Intel had a return on equity of 31.55% and a net margin of 29.97%. During the same period in the previous year, the company posted $1.06 EPS. Equities research analysts predict that Intel Co. will post 4.85 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be paid a $0.33 dividend. The ex-dividend date is Thursday, August 6th. This represents a $1.32 annualized dividend and a yield of 2.77%. Intel’s payout ratio is 27.10%.

Several equities analysts have recently issued reports on INTC shares. Northland Securities lowered Intel from a “market perform” rating to an “underperform” rating and set a $60.00 price target for the company. in a research report on Friday, July 24th. Loop Capital lowered their price target on Intel from $59.00 to $50.00 and set a “sell” rating for the company in a research report on Friday, July 24th. Mizuho reaffirmed a “buy” rating and issued a $63.00 price target on shares of Intel in a research report on Thursday, July 23rd. Jefferies Financial Group lifted their price target on Intel from $53.00 to $62.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. Finally, Zacks Investment Research lowered Intel from a “buy” rating to a “hold” rating and set a $53.00 price target for the company. in a research report on Monday, July 27th. Twelve analysts have rated the stock with a sell rating, eighteen have given a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $61.67.

In other Intel news, EVP Navin Shenoy sold 2,847 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $48.18, for a total value of $137,168.46. Following the completion of the transaction, the executive vice president now directly owns 71,807 shares in the company, valued at approximately $3,459,661.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert Holmes Swan purchased 8,021 shares of the company’s stock in a transaction on Friday, July 24th. The stock was acquired at an average price of $50.00 per share, with a total value of $401,050.00. Following the completion of the purchase, the chief executive officer now directly owns 293,594 shares in the company, valued at $14,679,700. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

About Intel

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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