Intel Co. (NASDAQ:INTC) Shares Sold by New Hampshire Trust

New Hampshire Trust lowered its position in shares of Intel Co. (NASDAQ:INTC) by 34.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 16,321 shares of the chip maker’s stock after selling 8,630 shares during the period. New Hampshire Trust’s holdings in Intel were worth $546,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Frontier Wealth Management LLC lifted its stake in shares of Intel by 0.5% in the first quarter. Frontier Wealth Management LLC now owns 46,894 shares of the chip maker’s stock worth $2,181,000 after acquiring an additional 253 shares during the period. West Michigan Advisors LLC lifted its stake in shares of Intel by 5.4% in the first quarter. West Michigan Advisors LLC now owns 5,137 shares of the chip maker’s stock worth $255,000 after acquiring an additional 262 shares during the period. Retirement Income Solutions Inc lifted its stake in shares of Intel by 5.1% in the first quarter. Retirement Income Solutions Inc now owns 6,338 shares of the chip maker’s stock worth $314,000 after acquiring an additional 307 shares during the period. CFO4Life Group LLC lifted its stake in shares of Intel by 2.3% in the first quarter. CFO4Life Group LLC now owns 15,770 shares of the chip maker’s stock worth $515,000 after acquiring an additional 348 shares during the period. Finally, Legacy Private Trust Co. lifted its stake in shares of Intel by 2.7% in the second quarter. Legacy Private Trust Co. now owns 13,124 shares of the chip maker’s stock worth $439,000 after acquiring an additional 350 shares during the period. Institutional investors own 60.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on INTC shares. Wolfe Research lifted their price objective on Intel from $27.00 to $31.00 and gave the stock an “underperform” rating in a research note on Friday, July 28th. StockNews.com initiated coverage on Intel in a report on Thursday, August 17th. They issued a “hold” rating for the company. Stifel Nicolaus lifted their target price on Intel from $28.00 to $32.00 and gave the stock a “hold” rating in a report on Friday, July 28th. Raymond James lifted their target price on Intel from $35.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Finally, Robert W. Baird lifted their target price on Intel from $32.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, July 28th. Six investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $33.55.

Intel Stock Performance

INTC stock traded down $0.79 during midday trading on Friday, hitting $37.88. The company’s stock had a trading volume of 68,881,240 shares, compared to its average volume of 43,218,934. The stock’s 50-day moving average price is $35.00 and its 200 day moving average price is $32.23. The company has a quick ratio of 1.15, a current ratio of 1.60 and a debt-to-equity ratio of 0.44. Intel Co. has a 1 year low of $24.59 and a 1 year high of $40.07. The stock has a market cap of $158.64 billion, a price-to-earnings ratio of -172.17 and a beta of 0.89.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, July 27th. The chip maker reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.14. Intel had a positive return on equity of 1.70% and a negative net margin of 1.71%. The firm had revenue of $12.95 billion for the quarter, compared to analysts’ expectations of $12.03 billion. On average, equities analysts forecast that Intel Co. will post -0.11 EPS for the current year.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 7th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, August 4th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.32%. Intel’s dividend payout ratio is presently -227.26%.

Insider Activity

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

Intel Company Profile

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.