Trust Co. of Toledo NA OH cut its holdings in Intel Co. (NASDAQ:INTC) by 1.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 118,987 shares of the chip maker’s stock after selling 1,220 shares during the period. Intel comprises approximately 1.4% of Trust Co. of Toledo NA OH’s investment portfolio, making the stock its 15th biggest holding. Trust Co. of Toledo NA OH’s holdings in Intel were worth $7,615,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of INTC. United Bank boosted its position in shares of Intel by 9.8% in the third quarter. United Bank now owns 32,301 shares of the chip maker’s stock valued at $1,673,000 after acquiring an additional 2,877 shares during the period. Wealth Alliance increased its stake in shares of Intel by 9.7% in the third quarter. Wealth Alliance now owns 16,308 shares of the chip maker’s stock valued at $844,000 after buying an additional 1,439 shares during the period. Weld Capital Management LLC increased its stake in shares of Intel by 141.1% in the third quarter. Weld Capital Management LLC now owns 8,867 shares of the chip maker’s stock valued at $459,000 after buying an additional 5,189 shares during the period. OLD Mission Capital LLC acquired a new position in shares of Intel in the third quarter valued at approximately $727,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Intel in the third quarter valued at approximately $20,680,000. Institutional investors and hedge funds own 63.25% of the company’s stock.

In other news, CFO George S. Davis acquired 9,095 shares of the firm’s stock in a transaction that occurred on Tuesday, January 26th. The stock was bought at an average price of $55.34 per share, with a total value of $503,317.30. Following the acquisition, the chief financial officer now owns 71,223 shares in the company, valued at approximately $3,941,480.82. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert Holmes Swan acquired 27,244 shares of the firm’s stock in a transaction that occurred on Monday, January 25th. The stock was purchased at an average cost of $55.57 per share, with a total value of $1,513,949.08. Following the acquisition, the chief executive officer now owns 330,774 shares in the company, valued at approximately $18,381,111.18. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Several research analysts have recently issued reports on INTC shares. JPMorgan Chase & Co. set a $80.00 price objective on Intel and gave the company a “buy” rating in a research note on Wednesday. KeyCorp upped their price objective on Intel from $82.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, January 22nd. Credit Suisse Group set a $80.00 target price on shares of Intel and gave the company a “buy” rating in a research report on Wednesday. UBS Group set a $71.00 target price on shares of Intel and gave the company a “buy” rating in a research report on Tuesday, January 19th. Finally, Evercore ISI increased their target price on shares of Intel from $68.00 to $75.00 and gave the company an “in-line” rating in a research report on Tuesday, March 30th. Eleven investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $63.64.

Shares of Intel stock traded up $0.45 during trading hours on Thursday, hitting $66.70. 470,422 shares of the company’s stock traded hands, compared to its average volume of 36,173,594. Intel Co. has a 12-month low of $43.61 and a 12-month high of $67.44. The stock has a market capitalization of $271.63 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 1.63 and a beta of 0.74. The company has a fifty day simple moving average of $62.88 and a 200-day simple moving average of $54.07. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.66 and a quick ratio of 1.24.

Intel (NASDAQ:INTC) last announced its earnings results on Wednesday, January 20th. The chip maker reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.42. Intel had a return on equity of 29.44% and a net margin of 28.10%. The firm had revenue of $19.98 billion during the quarter, compared to analyst estimates of $17.47 billion. During the same period last year, the firm posted $1.52 EPS. On average, analysts forecast that Intel Co. will post 4.89 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 1st. Stockholders of record on Friday, May 7th will be given a dividend of $0.3475 per share. This represents a $1.39 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, May 6th. Intel’s dividend payout ratio is presently 28.54%.

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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