CHICAGO TRUST Co NA Reduces Stock Holdings in Intel Co. (NASDAQ:INTC)

CHICAGO TRUST Co NA cut its position in shares of Intel Co. (NASDAQ:INTC) by 25.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,723 shares of the chip maker’s stock after selling 12,490 shares during the period. CHICAGO TRUST Co NA’s holdings in Intel were worth $838,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Exchange Traded Concepts LLC increased its holdings in shares of Intel by 28.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 273,415 shares of the chip maker’s stock worth $6,414,000 after buying an additional 60,074 shares during the last quarter. Gateway Investment Advisers LLC increased its stake in Intel by 18.6% during the third quarter. Gateway Investment Advisers LLC now owns 904,182 shares of the chip maker’s stock worth $21,212,000 after acquiring an additional 141,818 shares during the last quarter. RFG Holdings Inc. raised its position in Intel by 30.5% in the third quarter. RFG Holdings Inc. now owns 19,058 shares of the chip maker’s stock valued at $448,000 after purchasing an additional 4,450 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its stake in shares of Intel by 6.7% in the 3rd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 17,788 shares of the chip maker’s stock valued at $417,000 after purchasing an additional 1,114 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its holdings in shares of Intel by 2.0% during the 3rd quarter. Valeo Financial Advisors LLC now owns 120,846 shares of the chip maker’s stock worth $2,835,000 after purchasing an additional 2,398 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of recent analyst reports. StockNews.com cut shares of Intel from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. lowered their price objective on shares of Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a research report on Friday, August 2nd. Cantor Fitzgerald dropped their target price on shares of Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. HSBC cut Intel from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Finally, Wedbush cut their price objective on Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Intel has a consensus rating of “Hold” and a consensus target price of $31.96.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger purchased 12,500 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the transaction, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at approximately $765,576. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.04% of the stock is owned by company insiders.

Intel Price Performance

Shares of INTC opened at $23.56 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24. Intel Co. has a 1-year low of $18.51 and a 1-year high of $51.28. The stock has a market cap of $100.29 billion, a PE ratio of 24.54 and a beta of 1.03. The firm has a fifty day moving average price of $21.12 and a 200 day moving average price of $28.78.

Intel (NASDAQ:INTC) last posted its earnings results 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 firm had revenue of $12.80 billion during the quarter, compared to analysts’ expectations of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.78%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.05) earnings per share. As a group, sell-side analysts anticipate that Intel Co. will post -0.47 EPS for the current year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were given a $0.125 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 annualized dividend and a yield of 2.12%. Intel’s dividend payout ratio (DPR) is 52.08%.

Intel 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.