OLD National Bancorp IN Has $9.23 Million Position in Intel Co. (NASDAQ:INTC)

OLD National Bancorp IN lowered its position in Intel Co. (NASDAQ:INTC) by 4.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 393,337 shares of the chip maker’s stock after selling 18,052 shares during the quarter. OLD National Bancorp IN’s holdings in Intel were worth $9,228,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. CNB Bank lifted its stake in shares of Intel by 29.4% during the 3rd quarter. CNB Bank now owns 5,841 shares of the chip maker’s stock worth $137,000 after buying an additional 1,327 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI lifted its stake in shares of Intel by 6.0% during the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 433,573 shares of the chip maker’s stock worth $10,172,000 after buying an additional 24,423 shares during the last quarter. DMC Group LLC lifted its stake in shares of Intel by 14.8% during the 3rd quarter. DMC Group LLC now owns 39,412 shares of the chip maker’s stock worth $925,000 after buying an additional 5,090 shares during the last quarter. Bonness Enterprises Inc. lifted its stake in shares of Intel by 7.6% during the 3rd quarter. Bonness Enterprises Inc. now owns 141,150 shares of the chip maker’s stock worth $3,311,000 after buying an additional 10,000 shares during the last quarter. Finally, Clarity Wealth Advisors LLC lifted its stake in shares of Intel by 55.2% during the 3rd quarter. Clarity Wealth Advisors LLC now owns 20,322 shares of the chip maker’s stock worth $477,000 after buying an additional 7,228 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Up 1.5 %

Shares of NASDAQ INTC traded up $0.33 during midday trading on Friday, reaching $22.77. The stock had a trading volume of 39,971,695 shares, compared to its average volume of 58,832,660. The firm has a market cap of $96.93 billion, a price-to-earnings ratio of 23.72 and a beta of 1.03. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. The company’s 50 day moving average price is $21.40 and its 200 day moving average price is $28.03.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.08). The company had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.78%. The business’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.05) EPS. As a group, sell-side analysts expect that Intel Co. will post -0.47 EPS for the current year.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were paid a dividend of $0.125 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.20%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Analyst Ratings Changes

INTC has been the subject of a number of research reports. Northland Securities cut their target price on shares of Intel from $68.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Daiwa America raised shares of Intel to a “hold” rating in a research report on Monday, August 26th. HSBC lowered shares of Intel from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Barclays lowered their price target on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Finally, New Street Research lowered shares of Intel from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $31.92.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger bought 12,500 shares of Intel stock in a transaction dated Monday, August 5th. The stock was purchased at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the purchase, the chief executive officer now directly owns 37,975 shares in the company, valued at $765,576. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.04% of the company’s stock.

Intel Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.