Indiana Trust & Investment Management CO Sells 600 Shares of Intel Co. (NASDAQ:INTC)

Indiana Trust & Investment Management CO lessened its holdings in Intel Co. (NASDAQ:INTC) by 5.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,344 shares of the chip maker’s stock after selling 600 shares during the period. Indiana Trust & Investment Management CO’s holdings in Intel were worth $346,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Psagot Value Holdings Ltd. Israel boosted its stake in shares of Intel by 43.7% during the 1st quarter. Psagot Value Holdings Ltd. Israel now owns 4,456 shares of the chip maker’s stock worth $142,000 after purchasing an additional 1,356 shares during the period. Avaii Wealth Management LLC purchased a new position in shares of Intel during the first quarter valued at approximately $354,000. ProShare Advisors LLC grew its stake in shares of Intel by 11.3% during the first quarter. ProShare Advisors LLC now owns 4,754,164 shares of the chip maker’s stock valued at $155,319,000 after buying an additional 483,917 shares during the last quarter. Spire Wealth Management raised its holdings in shares of Intel by 27.7% in the first quarter. Spire Wealth Management now owns 40,570 shares of the chip maker’s stock worth $1,325,000 after buying an additional 8,790 shares during the period. Finally, Nishkama Capital LLC bought a new stake in shares of Intel during the 1st quarter worth approximately $12,023,000. Institutional investors own 60.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. TD Cowen increased their target price on Intel from $31.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, July 28th. Rosenblatt Securities reiterated a “sell” rating and set a $17.00 price objective on shares of Intel in a report on Thursday, July 27th. Wolfe Research raised their target price on shares of Intel from $27.00 to $31.00 and gave the stock an “underperform” rating in a research report on Friday, July 28th. Susquehanna lifted their price target on shares of Intel from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Friday, July 28th. Finally, Needham & Company LLC increased their price objective on Intel from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Six investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $33.55.

Insider Activity

In related news, CEO Patrick P. Gelsinger bought 3,850 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were purchased at an average cost of $34.63 per share, with a total value of $133,325.50. Following the completion of the acquisition, the chief executive officer now directly owns 105,495 shares in the company, valued at $3,653,291.85. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Patrick P. Gelsinger purchased 3,850 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were purchased at an average cost of $34.63 per share, with a total value of $133,325.50. Following the completion of the acquisition, the chief executive officer now owns 105,495 shares of the company’s stock, valued at approximately $3,653,291.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Patrick P. Gelsinger purchased 3,250 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were purchased at an average price of $35.87 per share, for a total transaction of $116,577.50. Following the transaction, the chief executive officer now owns 139,715 shares of the company’s stock, valued at approximately $5,011,577.05. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Intel Price Performance

NASDAQ INTC traded down $0.61 during trading hours on Friday, reaching $38.06. The stock had a trading volume of 10,309,871 shares, compared to its average volume of 42,884,316. Intel Co. has a 52-week low of $24.59 and a 52-week high of $40.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.60 and a quick ratio of 1.15. The stock has a fifty day moving average of $34.88 and a 200 day moving average of $32.09.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 27th. The chip maker reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.14. Intel had a negative net margin of 1.71% and a positive return on equity of 1.70%. The business had revenue of $12.95 billion for the quarter, compared to the consensus estimate of $12.03 billion. Research analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 7th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, August 4th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.31%. Intel’s payout ratio is currently -227.26%.

About Intel

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, Accelerated Computing Systems and Graphics, Intel Foundry Services, and Other segments. The company offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and accelerators, boards and systems, connectivity products, and memory and storage products.