Intel Co. (NASDAQ:INTC) Shares Acquired by First Financial Bankshares Inc

First Financial Bankshares Inc grew its holdings in shares of Intel Co. (NASDAQ:INTC) by 2.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 20,891 shares of the chip maker’s stock after purchasing an additional 557 shares during the period. First Financial Bankshares Inc’s holdings in Intel were worth $490,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in INTC. Sterling Investment Advisors Ltd. lifted its position in shares of Intel by 31.5% in the third quarter. Sterling Investment Advisors Ltd. now owns 22,820 shares of the chip maker’s stock worth $535,000 after purchasing an additional 5,461 shares in the last quarter. State of Alaska Department of Revenue raised its position in Intel by 4.7% during the third quarter. State of Alaska Department of Revenue now owns 619,857 shares of the chip maker’s stock valued at $14,540,000 after acquiring an additional 27,562 shares in the last quarter. Frank Rimerman Advisors LLC raised its position in Intel by 26.6% during the third quarter. Frank Rimerman Advisors LLC now owns 27,944 shares of the chip maker’s stock valued at $656,000 after acquiring an additional 5,869 shares in the last quarter. Bristlecone Advisors LLC raised its position in Intel by 15.7% during the third quarter. Bristlecone Advisors LLC now owns 102,152 shares of the chip maker’s stock valued at $2,396,000 after acquiring an additional 13,887 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in Intel by 7.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,841,433 shares of the chip maker’s stock valued at $66,583,000 after acquiring an additional 187,044 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger acquired 12,500 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was acquired at an average price of $20.16 per share, with a total value of $252,000.00. Following the acquisition, the chief executive officer now directly owns 37,975 shares in the company, valued at $765,576. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on INTC shares. HSBC lowered shares of Intel from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Northland Securities dropped their price target on shares of Intel from $68.00 to $42.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Susquehanna lowered their price objective on shares of Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Cantor Fitzgerald decreased their price target on shares of Intel from $40.00 to $27.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Barclays cut their price objective on Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $30.80.

Intel Trading Up 1.5 %

INTC opened at $22.68 on Monday. The stock has a market cap of $96.98 billion, a price-to-earnings ratio of 98.61 and a beta of 1.03. The stock’s 50 day moving average price is $21.62 and its 200-day moving average price is $27.38. Intel Co. has a one year low of $18.51 and a one year high of $51.28. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.08). The firm had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the company earned ($0.05) EPS. On average, equities analysts forecast that Intel Co. will post -0.47 EPS for the current year.

Intel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were given a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.20%. Intel’s payout ratio is 217.40%.

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.