Sunflower Bank N.A. Cuts Stock Holdings in Intel Co. (NASDAQ:INTC)

Sunflower Bank N.A. lowered its position in Intel Co. (NASDAQ:INTC) by 7.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,542 shares of the chip maker’s stock after selling 1,713 shares during the period. Sunflower Bank N.A.’s holdings in Intel were worth $482,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA boosted its stake in shares of Intel by 3.1% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 467,267 shares of the chip maker’s stock worth $10,962,000 after buying an additional 14,228 shares during the last quarter. Johnson Bixby & Associates LLC increased its position in shares of Intel by 1.5% during the third quarter. Johnson Bixby & Associates LLC now owns 50,042 shares of the chip maker’s stock valued at $1,174,000 after acquiring an additional 730 shares during the last quarter. Ballew Advisors Inc bought a new stake in Intel during the third quarter worth $293,000. Exchange Traded Concepts LLC boosted its position in Intel by 28.2% in the third quarter. Exchange Traded Concepts LLC now owns 273,415 shares of the chip maker’s stock worth $6,414,000 after purchasing an additional 60,074 shares during the last quarter. Finally, Gateway Investment Advisers LLC grew its stake in Intel by 18.6% in the 3rd quarter. Gateway Investment Advisers LLC now owns 904,182 shares of the chip maker’s stock valued at $21,212,000 after purchasing an additional 141,818 shares during the period. 64.53% of the stock is owned by institutional investors.

Insider Buying and Selling at Intel

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

Intel Stock Performance

Shares of INTC traded up $0.34 during mid-day trading on Friday, reaching $23.56. The company had a trading volume of 43,585,252 shares, compared to its average volume of 59,055,309. The stock has a market capitalization of $100.29 billion, a P/E ratio of 24.54 and a beta of 1.03. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28. The stock has a 50 day moving average of $21.12 and a two-hundred day moving average of $28.78. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40.

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

Intel Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Raymond James cut shares of Intel from an “outperform” rating to a “market perform” rating in a research note on Friday, August 2nd. Roth Mkm reduced their price objective on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. New Street Research lowered Intel from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Morgan Stanley dropped their price target on Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Finally, Wedbush lowered their price objective on Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research note 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 stock. Based on data from MarketBeat, Intel presently has a consensus rating of “Hold” and an average target price of $31.96.

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.