Intel Co. (NASDAQ:INTC) Holdings Decreased by Bath Savings Trust Co

Bath Savings Trust Co decreased its position in shares of Intel Co. (NASDAQ:INTC) by 13.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,202 shares of the chip maker’s stock after selling 2,175 shares during the period. Bath Savings Trust Co’s holdings in Intel were worth $333,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of INTC. Regal Investment Advisors LLC lifted its position in shares of Intel by 2.7% in the fourth quarter. Regal Investment Advisors LLC now owns 19,808 shares of the chip maker’s stock worth $995,000 after buying an additional 521 shares during the last quarter. Cresset Asset Management LLC lifted its position in shares of Intel by 3.5% in the fourth quarter. Cresset Asset Management LLC now owns 437,375 shares of the chip maker’s stock worth $21,978,000 after buying an additional 14,724 shares during the last quarter. Icon Wealth Advisors LLC acquired a new stake in shares of Intel in the fourth quarter worth about $1,977,000. Northwest Wealth Management LLC acquired a new stake in shares of Intel in the fourth quarter worth about $235,000. Finally, Oribel Capital Management LP acquired a new stake in shares of Intel in the fourth quarter worth about $5,955,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on INTC shares. Bank of America cut Intel from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $35.00 to $23.00 in a research report on Friday, August 2nd. Daiwa America raised Intel to a “hold” rating in a research report on Monday, August 26th. Hsbc Global Res lowered Intel from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. dropped their price objective on Intel from $35.00 to $26.00 and set an “underweight” rating on the stock in a research note on Friday, August 2nd. Finally, Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 price objective on shares of Intel in a research note on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus target price of $31.96.

Intel Trading Up 4.2 %

INTC stock opened at $23.32 on Wednesday. Intel Co. has a 1-year low of $18.51 and a 1-year high of $51.28. The firm has a market cap of $99.27 billion, a P/E ratio of 24.29 and a beta of 1.03. The business’s 50 day moving average is $21.47 and its 200-day moving average is $29.21. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.08). The company had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.78%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.05) earnings per share. Equities analysts anticipate that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Wednesday, August 7th. Intel’s payout ratio is currently 52.08%.

Insider Transactions at Intel

In other Intel news, CEO Patrick P. Gelsinger bought 12,500 shares of Intel stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of $20.16 per share, with a total value of $252,000.00. Following the acquisition, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at $765,576. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.04% of the stock is owned by company insiders.

Intel Company Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.