First Financial Bank Trust Division Sells 3,904 Shares of Intel Co. (INTC)

First Financial Bank Trust Division lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 3.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 97,447 shares of the chip maker’s stock after selling 3,904 shares during the period. First Financial Bank Trust Division’s holdings in Intel were worth $3,711,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Kistler Tiffany Companies LLC grew its position in shares of Intel by 22.5% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 23,261 shares of the chip maker’s stock worth $886,000 after buying an additional 4,275 shares in the last quarter. Sanders Capital LLC grew its position in shares of Intel by 3.1% during the 3rd quarter. Sanders Capital LLC now owns 14,732,795 shares of the chip maker’s stock worth $611,543,000 after buying an additional 446,500 shares in the last quarter. Rockefeller Financial Services Inc. grew its position in shares of Intel by 57.4% during the 3rd quarter. Rockefeller Financial Services Inc. now owns 168,932 shares of the chip maker’s stock worth $6,433,000 after buying an additional 61,572 shares in the last quarter. Family Capital Trust Co grew its position in shares of Intel by 350.0% during the 3rd quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock worth $171,000 after buying an additional 3,500 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of Intel by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 21,270,187 shares of the chip maker’s stock worth $809,969,000 after buying an additional 478,832 shares in the last quarter. Institutional investors own 67.55% of the company’s stock.

In other Intel news, Chairman Andy D. Bryant sold 89,087 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $44.80, for a total value of $3,991,097.60. Following the completion of the sale, the chairman now owns 428,789 shares of the company’s stock, valued at $19,209,747.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Brian M. Krzanich sold 61,860 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $38.74, for a total value of $2,396,456.40. Following the completion of the transaction, the chief executive officer now owns 543,948 shares of the company’s stock, valued at $21,072,545.52. The disclosure for this sale can be found here. In the last three months, insiders sold 1,548,914 shares of company stock valued at $68,196,589. Corporate insiders own 0.08% of the company’s stock.

A number of equities analysts have recently issued reports on INTC shares. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Wednesday, September 6th. ValuEngine downgraded Intel from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Credit Suisse Group reissued an “outperform” rating on shares of Intel in a research report on Thursday, August 31st. Stifel Nicolaus increased their price target on Intel from $41.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Finally, Sanford C. Bernstein set a $34.00 price target on Intel and gave the stock a “sell” rating in a research report on Friday, October 27th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $43.94.

Shares of Intel Co. (INTC) opened at $46.70 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $218,560.00, a PE ratio of 16.39, a price-to-earnings-growth ratio of 1.74 and a beta of 1.06. Intel Co. has a twelve month low of $33.23 and a twelve month high of $47.64.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.21. The business had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $15.73 billion. Intel had a return on equity of 22.65% and a net margin of 22.31%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company earned $0.80 earnings per share. sell-side analysts forecast that Intel Co. will post 3.25 EPS for the current year.

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Intel Company Profile

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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