Intel Co. (INTC) Shares Sold by Stewart & Patten Co. LLC

Stewart & Patten Co. LLC reduced its stake in Intel Co. (NASDAQ:INTC) by 3.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 529,354 shares of the chip maker’s stock after selling 19,511 shares during the quarter. Intel accounts for approximately 4.4% of Stewart & Patten Co. LLC’s investment portfolio, making the stock its 4th largest holding. Stewart & Patten Co. LLC’s holdings in Intel were worth $24,435,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Intel by 2.5% during the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after purchasing an additional 8,087,302 shares during the last quarter. Capital World Investors lifted its stake in Intel by 5.5% during the second quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after purchasing an additional 10,257,260 shares during the last quarter. Capital Research Global Investors lifted its stake in Intel by 9.1% during the second quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock worth $4,338,344,000 after purchasing an additional 10,744,753 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Intel by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 50,998,381 shares of the chip maker’s stock worth $1,941,934,000 after purchasing an additional 397,082 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in Intel by 2.0% during the third quarter. Legal & General Group Plc now owns 26,011,028 shares of the chip maker’s stock worth $990,439,000 after purchasing an additional 502,225 shares during the last quarter. Institutional investors and hedge funds own 69.16% of the company’s stock.

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NASDAQ INTC opened at $48.79 on Monday. The firm has a market capitalization of $227,751.72, a P/E ratio of 14.10, a P/E/G ratio of 1.64 and a beta of 0.95. Intel Co. has a twelve month low of $33.23 and a twelve month high of $53.78. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.29.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.22. The business had revenue of $17.05 billion during the quarter, compared to the consensus estimate of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. Intel’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 earnings per share. sell-side analysts anticipate that Intel Co. will post 3.54 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 7th will be issued a $0.30 dividend. The ex-dividend date is Friday, May 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.46%. Intel’s payout ratio is 34.68%.

In other Intel news, CEO Brian M. Krzanich sold 74,456 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $48.67, for a total transaction of $3,623,773.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kevin Thomas Mcbride sold 686 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $46.56, for a total value of $31,940.16. Following the sale, the vice president now owns 6,472 shares of the company’s stock, valued at $301,336.32. The disclosure for this sale can be found here. Insiders sold 123,914 shares of company stock valued at $6,011,490 over the last 90 days. 0.08% of the stock is currently owned by company insiders.

INTC has been the subject of several recent analyst reports. JPMorgan Chase set a $53.00 target price on Intel and gave the stock a “buy” rating in a research note on Thursday, January 4th. Oppenheimer restated a “hold” rating on shares of Intel in a research note on Thursday, January 4th. BidaskClub upgraded shares of Intel from a “buy” rating to a “strong-buy” rating in a report on Friday, March 9th. Stifel Nicolaus upped their price target on shares of Intel from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Finally, Robert W. Baird set a $60.00 price target on shares of Intel and gave the stock a “buy” rating in a report on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $50.79.

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About Intel

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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