Intel Co. (NASDAQ:INTC) Shares Sold by Trust Co. of Toledo NA OH


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Trust Co. of Toledo NA OH trimmed its stake in shares of Intel Co. (NASDAQ:INTC) by 1.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 118,987 shares of the chip maker’s stock after selling 1,220 shares during the period. Intel comprises about 1.4% of Trust Co. of Toledo NA OH’s holdings, making the stock its 15th biggest position. Trust Co. of Toledo NA OH’s holdings in Intel were worth $7,615,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Intel during the 4th quarter worth approximately $2,141,057,000. Baupost Group LLC MA purchased a new position in shares of Intel during the 4th quarter worth approximately $906,005,000. Primecap Management Co. CA increased its stake in shares of Intel by 28.1% during the 4th quarter. Primecap Management Co. CA now owns 32,574,166 shares of the chip maker’s stock worth $1,622,845,000 after purchasing an additional 7,151,405 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Intel by 100,766.8% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 5,195,650 shares of the chip maker’s stock worth $258,847,000 after purchasing an additional 5,190,499 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of Intel by 161.7% during the 4th quarter. Toronto Dominion Bank now owns 7,957,652 shares of the chip maker’s stock worth $483,288,000 after purchasing an additional 4,916,921 shares in the last quarter. Institutional investors own 63.25% of the company’s stock.

INTC stock traded up $0.45 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 1-year low of $43.61 and a 1-year high of $67.44. The stock has a market cap of $271.63 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 1.63 and a beta of 0.74. The stock has a fifty day moving average of $62.88 and a 200-day moving average of $54.07. The company has a current ratio of 1.66, a quick ratio of 1.24 and a debt-to-equity ratio of 0.48.

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

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

Several research firms have commented on INTC. Jefferies Financial Group lifted their target price on shares of Intel from $57.00 to $59.00 and gave the stock a “hold” rating in a research note on Tuesday, March 30th. KeyCorp lifted their target price on shares of Intel from $82.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, January 22nd. Wells Fargo & Company lifted their target price on shares of Intel from $60.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 30th. Needham & Company LLC lifted their target price on shares of Intel from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Tuesday, March 30th. Finally, Sanford C. Bernstein set a $43.00 target price on shares of Intel and gave the stock a “sell” rating in a research note on Wednesday, March 24th. Eleven research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Intel currently has a consensus rating of “Hold” and an average target price of $63.64.

In other Intel news, CFO George S. Davis purchased 9,095 shares of the company’s stock in a transaction dated Tuesday, January 26th. The shares were bought at an average price of $55.34 per share, for a total transaction of $503,317.30. Following the purchase, the chief financial officer now directly owns 71,223 shares in the company, valued at approximately $3,941,480.82. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert Holmes Swan purchased 27,244 shares of the company’s stock in a transaction dated Monday, January 25th. The shares were acquired at an average price of $55.57 per share, for a total transaction of $1,513,949.08. Following the purchase, the chief executive officer now owns 330,774 shares in the company, valued at $18,381,111.18. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

Intel 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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