Trust Co of Kansas Decreases Stock Holdings in Intel Co. (NASDAQ:INTC)

Trust Co of Kansas cut its position in Intel Co. (NASDAQ:INTC) by 1.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 155,029 shares of the chip maker’s stock after selling 2,260 shares during the quarter. Intel comprises 4.3% of Trust Co of Kansas’ portfolio, making the stock its 7th biggest holding. Trust Co of Kansas’ holdings in Intel were worth $7,790,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. SlateStone Wealth LLC increased its stake in shares of Intel by 11.7% in the 4th quarter. SlateStone Wealth LLC now owns 59,152 shares of the chip maker’s stock valued at $2,972,000 after purchasing an additional 6,205 shares during the last quarter. Lesa Sroufe & Co grew its position in Intel by 1.5% in the fourth quarter. Lesa Sroufe & Co now owns 76,469 shares of the chip maker’s stock valued at $3,843,000 after acquiring an additional 1,103 shares during the last quarter. Stockman Wealth Management Inc. acquired a new stake in shares of Intel in the 4th quarter valued at approximately $232,000. Roble Belko & Company Inc grew its holdings in shares of Intel by 884.6% during the 4th quarter. Roble Belko & Company Inc now owns 2,560 shares of the chip maker’s stock valued at $129,000 after purchasing an additional 2,300 shares during the last quarter. Finally, SC&H Financial Advisors Inc. bought a new stake in shares of Intel during the fourth quarter worth $240,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

Shares of NASDAQ:INTC traded down $0.05 during trading on Tuesday, hitting $34.36. The company’s stock had a trading volume of 26,206,247 shares, compared to its average volume of 46,646,438. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. The firm has a market cap of $145.27 billion, a price-to-earnings ratio of 88.03, a P/E/G ratio of 3.07 and a beta of 1.00. The company has a 50-day moving average of $41.66 and a 200-day moving average of $42.37. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.27 by $0.27. The firm had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 earnings per share. On average, sell-side analysts expect that Intel Co. will post 0.61 earnings per share for the current year.

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Tuesday, February 6th. Intel’s payout ratio is 128.21%.

Insider Activity

In other Intel news, CEO Patrick P. Gelsinger purchased 3,000 shares of Intel stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the transaction, the chief executive officer now owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Patrick P. Gelsinger acquired 2,800 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was bought at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the purchase, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Patrick P. Gelsinger bought 3,000 shares of Intel stock in a transaction dated Monday, January 29th. The stock was purchased at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the purchase, the chief executive officer now owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wells Fargo & Company cut their price target on Intel from $48.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 9th. Morgan Stanley boosted their price target on Intel from $39.00 to $48.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Barclays raised their price objective on shares of Intel from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Wedbush reiterated a “neutral” rating and set a $40.00 target price on shares of Intel in a research report on Wednesday, April 17th. Finally, UBS Group raised their price target on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel currently has an average rating of “Hold” and a consensus price target of $42.38.

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.