First Financial Bank Trust Division Decreases Stock Holdings in Intel Co. (NASDAQ:INTC)

First Financial Bank Trust Division decreased its holdings in Intel Co. (NASDAQ:INTC) by 3.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 284,148 shares of the chip maker’s stock after selling 11,386 shares during the period. Intel makes up 1.2% of First Financial Bank Trust Division’s portfolio, making the stock its 22nd largest holding. First Financial Bank Trust Division’s holdings in Intel were worth $12,551,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of INTC. New Millennium Group LLC increased its position in shares of Intel by 87.2% during the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares during the last quarter. Frazier Financial Advisors LLC purchased a new stake in shares of Intel during the 4th quarter valued at about $27,000. Burkett Financial Services LLC purchased a new stake in shares of Intel during the 4th quarter valued at about $27,000. Raleigh Capital Management Inc. grew its stake in shares of Intel by 62.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after acquiring an additional 362 shares during the period. Finally, Valued Wealth Advisors LLC bought a new position in shares of Intel during the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of recent research reports. The Goldman Sachs Group cut their price objective on Intel from $34.00 to $30.00 and set a “sell” rating for the company in a research note on Thursday, May 9th. Wells Fargo & Company dropped their price target on Intel from $43.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Evercore ISI dropped their price target on Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a research note on Friday, April 26th. Mizuho dropped their price target on Intel from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Finally, Citigroup dropped their price target on Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Three investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $39.58.

Intel Trading Down 0.5 %

INTC stock traded down $0.16 during midday trading on Tuesday, reaching $30.82. The company’s stock had a trading volume of 12,595,633 shares, compared to its average volume of 46,829,109. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The stock has a fifty day simple moving average of $32.08 and a two-hundred day simple moving average of $40.24. Intel Co. has a 1 year low of $29.73 and a 1 year high of $51.28. The firm has a market capitalization of $131.20 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 14.52 and a beta of 1.06.

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

Intel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.62%. Intel’s dividend payout ratio is currently 52.08%.

About Intel

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.