Pioneer Trust Bank N A OR Sells 40,445 Shares of Intel Co. (NASDAQ:INTC)

Pioneer Trust Bank N A OR lessened its stake in Intel Co. (NASDAQ:INTC) by 70.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,320 shares of the chip maker’s stock after selling 40,445 shares during the period. Pioneer Trust Bank N A OR’s holdings in Intel were worth $579,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Venturi Wealth Management LLC bought a new position in Intel in the first quarter valued at about $32,000. Milestone Investment Advisors LLC purchased a new position in shares of Intel in the first quarter worth approximately $32,000. Kepos Capital LP bought a new stake in Intel during the fourth quarter valued at approximately $38,000. Ruedi Wealth Management Inc. bought a new position in Intel in the fourth quarter worth approximately $40,000. Finally, China Universal Asset Management Co. Ltd. purchased a new position in shares of Intel during the 1st quarter worth $41,000. 60.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger bought 3,850 shares of Intel stock in a transaction that occurred on Wednesday, August 2nd. The shares were bought at an average cost of $34.63 per share, with a total value of $133,325.50. Following the transaction, the chief executive officer now directly 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. In related news, CEO Patrick P. Gelsinger bought 3,850 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were bought at an average price of $34.63 per share, with a total value of $133,325.50. Following the transaction, the chief executive officer now owns 105,495 shares in the company, valued at $3,653,291.85. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 3,250 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was bought at an average cost of $35.87 per share, with a total value of $116,577.50. Following the acquisition, 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. Corporate insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

INTC has been the topic of a number of recent research reports. Raymond James raised 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. Robert W. Baird lifted their price objective on Intel from $32.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, July 28th. Wells Fargo & Company reduced their target price on shares of Intel from $40.00 to $32.00 and set an “equal weight” rating for the company in a report on Friday, July 28th. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 price target on shares of Intel in a report on Thursday, July 27th. Finally, Wedbush raised their price objective on shares of Intel from $30.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, July 28th. Six research 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $33.55.

Intel Trading Up 0.6 %

Shares of NASDAQ INTC traded up $0.22 during midday trading on Monday, reaching $38.10. 11,146,866 shares of the company’s stock traded hands, compared to its average volume of 43,038,281. Intel Co. has a one year low of $24.59 and a one year 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’s 50 day simple moving average is $35.00 and its 200-day simple moving average is $32.28.

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

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 7th were paid a $0.125 dividend. The ex-dividend date was Friday, August 4th. This represents a $0.50 annualized dividend and a yield of 1.31%. Intel’s dividend payout ratio (DPR) is -227.26%.

Intel 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.