VeraBank N.A. Sells 363 Shares of Intel Co. (NASDAQ:INTC)

VeraBank N.A. trimmed its position in Intel Co. (NASDAQ:INTC) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,006 shares of the chip maker’s stock after selling 363 shares during the period. Intel comprises 1.4% of VeraBank N.A.’s portfolio, making the stock its 22nd biggest holding. VeraBank N.A.’s holdings in Intel were worth $1,484,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in INTC. BKD Wealth Advisors LLC grew its position in Intel by 4.2% during the fourth quarter. BKD Wealth Advisors LLC now owns 56,172 shares of the chip maker’s stock valued at $2,636,000 after acquiring an additional 2,276 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Intel by 0.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,918,303 shares of the chip maker’s stock worth $90,026,000 after buying an additional 16,387 shares in the last quarter. Wealth Architects LLC grew its stake in shares of Intel by 0.8% during the 4th quarter. Wealth Architects LLC now owns 31,613 shares of the chip maker’s stock valued at $1,484,000 after purchasing an additional 246 shares during the period. Central Bank & Trust Co. grew its stake in shares of Intel by 14.7% during the 4th quarter. Central Bank & Trust Co. now owns 14,937 shares of the chip maker’s stock valued at $701,000 after purchasing an additional 1,916 shares during the period. Finally, Howard Capital Management grew its stake in shares of Intel by 0.6% during the 4th quarter. Howard Capital Management now owns 350,290 shares of the chip maker’s stock valued at $16,439,000 after purchasing an additional 1,929 shares during the period. Institutional investors and hedge funds own 66.50% of the company’s stock.

A number of research analysts have recently weighed in on the company. Royal Bank of Canada reaffirmed an “underperform” rating and set a $47.00 price objective (up from $41.00) on shares of Intel in a research report on Friday, July 26th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $64.00 price objective on shares of Intel in a research report on Friday, July 26th. Cascend Securities reaffirmed a “buy” rating and issued a $65.00 price objective (up previously from $55.00) on shares of Intel in a research report on Friday, July 26th. New Street Research set a $65.00 price objective on Intel and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Sanford C. Bernstein reaffirmed a “sell” rating and issued a $39.00 price objective on shares of Intel in a research report on Friday, July 26th. Ten investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nineteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $54.31.

In other Intel news, Chairman Andy D. Bryant sold 13,609 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $51.37, for a total transaction of $699,094.33. Following the completion of the sale, the chairman now directly owns 450,591 shares in the company, valued at approximately $23,146,859.67. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Navin Shenoy sold 8,552 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $46.78, for a total value of $400,062.56. Following the sale, the executive vice president now owns 68,833 shares of the company’s stock, valued at $3,220,007.74. The disclosure for this sale can be found here. Insiders sold 36,524 shares of company stock worth $1,844,221 in the last 90 days. Company insiders own 0.02% of the company’s stock.

Shares of NASDAQ INTC traded down $0.39 during trading on Wednesday, hitting $46.57. The stock had a trading volume of 7,921,800 shares, compared to its average volume of 21,253,002. Intel Co. has a 12 month low of $42.36 and a 12 month high of $59.59. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $215.65 billion, a P/E ratio of 10.17, a PEG ratio of 1.48 and a beta of 0.88. The company’s fifty day moving average price is $49.10.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, July 25th. The chip maker reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.17. Intel had a net margin of 28.05% and a return on equity of 28.84%. The business had revenue of $16.51 billion for the quarter, compared to analysts’ expectations of $15.70 billion. During the same period last year, the business earned $1.04 earnings per share. The business’s quarterly revenue was down 2.7% on a year-over-year basis. On average, research analysts predict that Intel Co. will post 4.37 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th will be issued a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Tuesday, August 6th. Intel’s dividend payout ratio is 27.51%.

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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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