First United Bank Trust Has $2.03 Million Stake in Intel Co. (NASDAQ:INTC)

First United Bank Trust grew its holdings in Intel Co. (NASDAQ:INTC) by 5.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,271 shares of the chip maker’s stock after buying an additional 2,108 shares during the period. Intel makes up 1.4% of First United Bank Trust’s portfolio, making the stock its 21st largest holding. First United Bank Trust’s holdings in Intel were worth $2,031,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Charter Trust Co. lifted its holdings in shares of Intel by 5.5% during the 2nd quarter. Charter Trust Co. now owns 169,887 shares of the chip maker’s stock valued at $8,445,000 after buying an additional 8,795 shares during the last quarter. Hartford Financial Management Inc. lifted its holdings in Intel by 32.5% in the 2nd quarter. Hartford Financial Management Inc. now owns 111,074 shares of the chip maker’s stock worth $5,521,000 after purchasing an additional 27,261 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new stake in Intel in the 2nd quarter worth approximately $1,158,000. Employees Retirement System of Texas lifted its holdings in Intel by 99.7% in the 2nd quarter. Employees Retirement System of Texas now owns 546,800 shares of the chip maker’s stock worth $27,181,000 after purchasing an additional 273,000 shares during the last quarter. Finally, Richard Bernstein Advisors LLC lifted its holdings in Intel by 4.8% in the 2nd quarter. Richard Bernstein Advisors LLC now owns 250,510 shares of the chip maker’s stock worth $12,453,000 after purchasing an additional 11,406 shares during the last quarter. 64.69% of the stock is owned by institutional investors and hedge funds.

Shares of INTC stock traded down $0.07 during trading on Friday, hitting $58.49. The company’s stock had a trading volume of 20,464,197 shares, compared to its average volume of 18,158,996. Intel Co. has a 52 week low of $42.36 and a 52 week high of $59.59. The company has a quick ratio of 1.30, a current ratio of 1.73 and a debt-to-equity ratio of 0.34. The firm has a market cap of $273.63 billion, a PE ratio of 12.77, a P/E/G ratio of 1.54 and a beta of 0.79.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 24th. The chip maker reported $1.28 EPS for the quarter, beating the consensus estimate of $1.22 by $0.06. The business had revenue of $18.66 billion for the quarter, compared to the consensus estimate of $19.02 billion. Intel had a return on equity of 30.08% and a net margin of 29.72%. Intel’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.08 earnings per share. On average, research analysts expect that Intel Co. will post 4.51 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be given a dividend of $0.315 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $1.26 annualized dividend and a dividend yield of 2.15%. Intel’s dividend payout ratio is currently 27.51%.

In other Intel news, EVP Steven Ralph Rodgers sold 25,170 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $55.00, for a total transaction of $1,384,350.00. Following the sale, the executive vice president now owns 48,140 shares in the company, valued at $2,647,700. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Andy D. Bryant sold 11,734 shares of the stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $53.03, for a total value of $622,254.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,431 shares of company stock worth $3,500,497. Company insiders own 0.02% of the company’s stock.

Several research analysts have commented on the company. New Street Research set a $65.00 price target on Intel and gave the stock a “buy” rating in a research report on Tuesday, April 16th. BidaskClub upgraded Intel from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 5th. Wells Fargo & Co cut Intel from an “outperform” rating to a “market perform” rating and upped their price target for the company from $55.00 to $60.00 in a research report on Friday, April 5th. Goldman Sachs Group reiterated a “sell” rating and issued a $45.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Finally, Sanford C. Bernstein reissued a “sell” rating and issued a $42.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $55.40.

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Intel 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.

Further Reading: Coverage Ratio

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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