Stock Yards Bank & Trust Co. Acquires 6,853 Shares of Intel Co. (NASDAQ:INTC)

Stock Yards Bank & Trust Co. raised its position in shares of Intel Co. (NASDAQ:INTC) by 2.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 271,406 shares of the chip maker’s stock after acquiring an additional 6,853 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Intel were worth $14,461,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Harvest Group Wealth Management LLC purchased a new stake in Intel in the second quarter worth about $30,000. Smith Asset Management Group LP acquired a new position in shares of Intel during the second quarter valued at about $34,000. Clear Perspectives Financial Planning LLC increased its holdings in shares of Intel by 189.2% during the second quarter. Clear Perspectives Financial Planning LLC now owns 1,070 shares of the chip maker’s stock valued at $60,000 after acquiring an additional 700 shares in the last quarter. Pacifica Partners Inc. increased its holdings in shares of Intel by 22.8% during the third quarter. Pacifica Partners Inc. now owns 1,076 shares of the chip maker’s stock valued at $58,000 after acquiring an additional 200 shares in the last quarter. Finally, Aspire Private Capital LLC increased its holdings in shares of Intel by 60.4% during the first quarter. Aspire Private Capital LLC now owns 1,169 shares of the chip maker’s stock valued at $75,000 after acquiring an additional 440 shares in the last quarter. 62.03% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Dion J. Weisler acquired 10,351 shares of Intel stock in a transaction on Thursday, October 28th. The stock was acquired at an average cost of $48.11 per share, for a total transaction of $497,986.61. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Frank D. Yeary acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, October 25th. The stock was acquired at an average cost of $49.66 per share, for a total transaction of $496,600.00. The disclosure for this purchase can be found here. Insiders own 0.02% of the company’s stock.

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. set a $64.00 price objective on shares of Intel in a report on Friday, October 22nd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Intel from $58.00 to $55.00 and set a “hold” rating on the stock in a report on Friday, October 22nd. Morgan Stanley downgraded shares of Intel from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $67.00 to $55.00 in a report on Friday, October 22nd. Susquehanna lowered their price objective on Intel from $60.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, October 22nd. Finally, Barclays lowered their price objective on Intel from $50.00 to $45.00 and set an “underweight” rating on the stock in a research report on Friday, October 22nd. Eleven research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Intel presently has an average rating of “Hold” and a consensus target price of $56.52.

NASDAQ INTC traded up $0.66 on Thursday, reaching $49.76. The company had a trading volume of 25,997,071 shares, compared to its average volume of 28,296,021. The company’s fifty day moving average is $51.98 and its 200-day moving average is $54.06. Intel Co. has a 1-year low of $45.24 and a 1-year high of $68.49. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.74 and a current ratio of 2.07. The firm has a market capitalization of $202.37 billion, a price-to-earnings ratio of 9.66, a price-to-earnings-growth ratio of 1.25 and a beta of 0.52.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Wednesday, October 20th. The chip maker reported $1.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.60. The firm had revenue of $19.19 billion for the quarter, compared to analysts’ expectations of $18.22 billion. Intel had a net margin of 26.89% and a return on equity of 28.74%. During the same period in the prior year, the firm earned $1.11 EPS. On average, research analysts forecast that Intel Co. will post 5.28 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 1st. Shareholders of record on Sunday, November 7th will be paid a $0.3475 dividend. This represents a $1.39 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Thursday, November 4th. Intel’s dividend payout ratio (DPR) is currently 26.99%.

About Intel

Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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