First National Bank of Mount Dora Trust Investment Services Trims Holdings in Intel Co. (NASDAQ:INTC)

First National Bank of Mount Dora Trust Investment Services cut its holdings in Intel Co. (NASDAQ:INTCFree Report) by 9.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,628 shares of the chip maker’s stock after selling 10,209 shares during the quarter. First National Bank of Mount Dora Trust Investment Services’ holdings in Intel were worth $4,312,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of INTC. Barrett & Company Inc. lifted its holdings in shares of Intel by 6.1% during the fourth quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock worth $184,000 after purchasing an additional 210 shares during the period. Revolve Wealth Partners LLC lifted its holdings in Intel by 3.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock valued at $372,000 after acquiring an additional 216 shares during the period. New Millennium Group LLC lifted its holdings in Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after acquiring an additional 231 shares during the period. Waldron Private Wealth LLC lifted its holdings in Intel by 0.6% in the fourth quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock valued at $2,063,000 after acquiring an additional 232 shares during the period. Finally, Spreng Capital Management Inc. increased its position in shares of Intel by 1.3% in the fourth quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock valued at $987,000 after buying an additional 246 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

INTC has been the subject of a number of recent analyst reports. TD Cowen cut their price objective on Intel from $42.00 to $35.00 and set a “hold” rating for the company in a research report on Friday, April 26th. StockNews.com upgraded Intel from a “sell” rating to a “hold” rating in a research report on Tuesday. Rosenblatt Securities reiterated a “sell” rating and set a $17.00 price target on shares of Intel in a research report on Friday, April 26th. JPMorgan Chase & Co. dropped their price target on Intel from $37.00 to $35.00 and set an “underweight” rating for the company in a research report on Friday, April 26th. Finally, Wolfe Research upgraded Intel from an “underperform” rating to a “peer perform” rating in a report on Thursday, May 16th. Three research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus price target of $39.58.

Read Our Latest Stock Report on Intel

Intel Price Performance

INTC traded up $0.38 during trading on Friday, reaching $31.00. 21,931,609 shares of the stock were exchanged, compared to its average volume of 46,768,594. The business’s 50 day moving average price is $31.66 and its two-hundred day moving average price is $40.02. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. The company has a market capitalization of $131.97 billion, a price-to-earnings ratio of 32.21, a P/E/G ratio of 14.60 and a beta of 1.06. Intel Co. has a 1 year low of $29.73 and a 1 year high of $51.28.

Intel (NASDAQ:INTCGet Free Report) last posted its earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The firm had revenue of $12.72 billion for the quarter, compared to analysts’ expectations of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. As a group, equities research analysts anticipate that Intel Co. will post 0.09 earnings per share for the current year.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were given a $0.125 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.61%. Intel’s dividend payout ratio is currently 52.08%.

Insider Activity

In related news, CEO Patrick P. Gelsinger acquired 4,000 shares of Intel stock in a transaction dated Monday, April 29th. The shares were acquired at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the transaction, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Intel news, CEO Patrick P. Gelsinger bought 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the purchase, the chief executive officer now owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Patrick P. Gelsinger bought 4,100 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average price of $30.29 per share, with a total value of $124,189.00. Following the completion of the purchase, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

About Intel

(Free Report)

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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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