Bath Savings Trust Co Sells 650 Shares of Intel Co. (NASDAQ:INTC)

Bath Savings Trust Co cut its position in Intel Co. (NASDAQ:INTC) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,813 shares of the chip maker’s stock after selling 650 shares during the quarter. Bath Savings Trust Co’s holdings in Intel were worth $596,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in INTC. Psagot Value Holdings Ltd. Israel boosted its position in Intel by 43.7% during the first 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 bought a new position in Intel during the first quarter worth $354,000. ProShare Advisors LLC boosted its position in Intel by 11.3% during the first quarter. ProShare Advisors LLC now owns 4,754,164 shares of the chip maker’s stock worth $155,319,000 after purchasing an additional 483,917 shares during the period. Spire Wealth Management boosted its position in Intel by 27.7% during the first quarter. Spire Wealth Management now owns 40,570 shares of the chip maker’s stock worth $1,325,000 after purchasing an additional 8,790 shares during the period. Finally, Nishkama Capital LLC bought a new position in Intel during the first quarter worth $12,023,000. 60.84% of the stock is owned by institutional investors.

Intel Trading Up 1.2 %

INTC stock traded up $0.45 during trading on Monday, hitting $38.33. The company had a trading volume of 15,405,355 shares, compared to its average volume of 43,064,445. The business has a 50-day moving average of $35.00 and a 200-day moving average of $32.28. Intel Co. has a one year low of $24.59 and a one year high of $40.07. The stock has a market cap of $160.53 billion, a PE ratio of -174.36 and a beta of 0.89. The company has a current ratio of 1.60, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its earnings results 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 positive return on equity of 1.70% and a negative net margin of 1.71%. The business had revenue of $12.95 billion for the quarter, compared to analysts’ expectations of $12.03 billion. Research analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Intel Dividend Announcement

The firm also recently announced 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. This represents a $0.50 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Friday, August 4th. Intel’s dividend payout ratio is presently -227.27%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on INTC shares. Stifel Nicolaus boosted their target price on shares of Intel from $28.00 to $32.00 and gave the company a “hold” rating in a research report on Friday, July 28th. TD Cowen boosted their target price on shares of Intel from $31.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, July 28th. BMO Capital Markets boosted their target price on shares of Intel from $32.00 to $36.00 and gave the company a “market perform” rating in a research report on Friday, July 28th. Barclays boosted their target price on shares of Intel from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, July 28th. Finally, Mizuho boosted their target price on shares of Intel from $33.00 to $36.00 and gave the company a “neutral” rating in a research report on Friday, July 28th. Six 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. Based on data from MarketBeat.com, Intel presently has an average rating of “Hold” and an average price target of $33.55.

Insider Activity

In other Intel news, CEO Patrick P. Gelsinger bought 3,250 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was purchased at an average cost of $35.87 per share, with a total value of $116,577.50. Following the transaction, the chief executive officer now directly owns 139,715 shares in the company, valued at approximately $5,011,577.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Patrick P. Gelsinger purchased 3,850 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was bought at an average price 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 of the company’s stock, valued at $3,653,291.85. The acquisition 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 business’s stock in a transaction dated Monday, July 31st. The shares were purchased at an average price of $35.87 per share, with a total value of $116,577.50. Following the purchase, the chief executive officer now directly owns 139,715 shares in the company, 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.

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.