Glenview State Bank Trust DEPT. boosted its stake in Intel Co. (NASDAQ:INTC) by 3.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 138,967 shares of the chip maker’s stock after purchasing an additional 4,069 shares during the period. Intel comprises approximately 3.1% of Glenview State Bank Trust DEPT.’s portfolio, making the stock its 10th largest position. Glenview State Bank Trust DEPT.’s holdings in Intel were worth $6,521,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of INTC. Keeler Thomas Management LLC grew its stake in shares of Intel by 130.7% in the third quarter. Keeler Thomas Management LLC now owns 13,644 shares of the chip maker’s stock worth $654,000 after acquiring an additional 7,730 shares in the last quarter. Belpointe Asset Management LLC grew its stake in shares of Intel by 27.9% in the third quarter. Belpointe Asset Management LLC now owns 28,542 shares of the chip maker’s stock worth $1,350,000 after acquiring an additional 6,225 shares in the last quarter. SVA Plumb Wealth Management LLC grew its stake in shares of Intel by 4.0% in the third quarter. SVA Plumb Wealth Management LLC now owns 78,431 shares of the chip maker’s stock worth $3,709,000 after acquiring an additional 3,025 shares in the last quarter. Blankinship & Foster LLC acquired a new position in shares of Intel in the third quarter worth $223,000. Finally, Capital Investment Advisors LLC grew its stake in shares of Intel by 3.5% in the fourth quarter. Capital Investment Advisors LLC now owns 332,565 shares of the chip maker’s stock worth $15,607,000 after acquiring an additional 11,278 shares in the last quarter. Hedge funds and other institutional investors own 64.80% of the company’s stock.
In other news, VP Kevin Thomas Mcbride sold 518 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $51.33, for a total value of $26,588.94. Following the completion of the sale, the vice president now directly owns 8,274 shares of the company’s stock, valued at $424,704.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Navin Shenoy sold 1,254 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $50.80, for a total transaction of $63,703.20. The disclosure for this sale can be found here. Insiders sold 100,320 shares of company stock valued at $5,343,843 over the last ninety days. Corporate insiders own 0.02% of the company’s stock.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, April 25th. The chip maker reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.02. Intel had a net margin of 29.04% and a return on equity of 29.54%. The business had revenue of $16.10 million during the quarter, compared to analysts’ expectations of $16.03 billion. During the same period in the prior year, the company earned $0.87 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts predict that Intel Co. will post 4.28 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be issued a $0.315 dividend. The ex-dividend date is Monday, May 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.73%. Intel’s payout ratio is 27.51%.
Several equities analysts have commented on the stock. Mizuho dropped their price target on shares of Intel from $58.00 to $56.00 and set a “buy” rating for the company in a research note on Friday. ValuEngine downgraded shares of Intel from a “hold” rating to a “sell” rating in a research note on Thursday. Credit Suisse Group set a $58.00 price target on shares of Intel and gave the stock a “buy” rating in a research note on Thursday. Deutsche Bank decreased their price objective on shares of Intel from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Wells Fargo & Co decreased their price objective on shares of Intel from $60.00 to $55.00 and set a “market perform” rating for the company in a research report on Thursday. Seven equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-one have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $54.49.
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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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