Argent Trust Co Has $17.52 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Argent Trust Co grew its holdings in Intel Co. (NASDAQ:INTC) by 3.7% during the first quarter, Holdings Channel reports. The firm owned 273,748 shares of the chip maker’s stock after acquiring an additional 9,728 shares during the quarter. Intel comprises about 1.2% of Argent Trust Co’s holdings, making the stock its 14th largest position. Argent Trust Co’s holdings in Intel were worth $17,519,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in INTC. OLD Mission Capital LLC bought a new stake in Intel in the 3rd quarter valued at about $727,000. Sage Mountain Advisors LLC bought a new stake in Intel in the 4th quarter valued at about $304,000. Ironwood Wealth Management LLC. increased its position in Intel by 179.5% in the 4th quarter. Ironwood Wealth Management LLC. now owns 7,736 shares of the chip maker’s stock valued at $385,000 after buying an additional 4,968 shares in the last quarter. Baker Tilly Financial LLC bought a new stake in Intel in the 4th quarter valued at about $470,000. Finally, Coyle Financial Counsel LLC increased its position in Intel by 6.5% in the 4th quarter. Coyle Financial Counsel LLC now owns 4,916 shares of the chip maker’s stock valued at $245,000 after buying an additional 300 shares in the last quarter. 63.17% of the stock is currently owned by institutional investors.

In other Intel news, EVP Steven Ralph Rodgers sold 2,972 shares of the firm’s stock in a transaction dated Friday, May 28th. The shares were sold at an average price of $57.61, for a total value of $171,216.92. Following the completion of the sale, the executive vice president now directly owns 103,387 shares in the company, valued at $5,956,125.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dion J. Weisler acquired 4,464 shares of the stock in a transaction on Tuesday, May 4th. The stock was bought at an average price of $56.00 per share, with a total value of $249,984.00. Following the completion of the acquisition, the director now directly owns 4,464 shares of the company’s stock, valued at $249,984. The disclosure for this purchase can be found here. Corporate insiders own 0.02% of the company’s stock.

A number of analysts have commented on the company. Credit Suisse Group set a $80.00 price objective on Intel and gave the stock a “buy” rating in a report on Wednesday, April 21st. Northland Securities assumed coverage on Intel in a report on Wednesday, March 24th. They set a “sell” rating and a $48.00 price objective for the company. Sanford C. Bernstein reissued a “sell” rating and set a $43.00 price objective on shares of Intel in a report on Friday. DZ Bank upgraded Intel from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research note on Thursday, March 25th. Finally, Westpark Capital assumed coverage on Intel in a research note on Tuesday, May 25th. They issued a “hold” rating on the stock. Thirteen investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the company. Intel currently has a consensus rating of “Hold” and an average price target of $62.82.

Shares of NASDAQ:INTC traded down $0.03 on Friday, reaching $57.35. 493,527 shares of the company traded hands, compared to its average volume of 32,446,541. The business has a 50-day simple moving average of $59.23. Intel Co. has a 52 week low of $43.61 and a 52 week high of $68.49. The stock has a market capitalization of $231.58 billion, a PE ratio of 12.81, a P/E/G ratio of 1.65 and a beta of 0.61. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.90 and a quick ratio of 1.54.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Wednesday, April 21st. The chip maker reported $1.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.24. Intel had a return on equity of 27.59% and a net margin of 23.93%. The firm had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $17.97 billion. During the same period last year, the firm earned $1.45 earnings per share. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. On average, analysts expect that Intel Co. will post 4.61 earnings per share for the current fiscal year.

Intel Company Profile

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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