Massmutual Trust Co. FSB ADV Sells 904 Shares of Intel Co. (NASDAQ:INTC)

Massmutual Trust Co. FSB ADV reduced its position in Intel Co. (NASDAQ:INTC) by 7.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,849 shares of the chip maker’s stock after selling 904 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Intel were worth $367,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Intel by 0.9% during the first quarter. Vanguard Group Inc. now owns 389,098,435 shares of the chip maker’s stock worth $17,186,478,000 after purchasing an additional 3,310,528 shares during the last quarter. Capital International Investors increased its position in Intel by 16.0% in the 1st quarter. Capital International Investors now owns 112,093,582 shares of the chip maker’s stock valued at $4,951,174,000 after acquiring an additional 15,475,631 shares during the period. Primecap Management Co. CA increased its position in Intel by 0.6% in the 4th quarter. Primecap Management Co. CA now owns 75,237,927 shares of the chip maker’s stock valued at $3,780,706,000 after acquiring an additional 475,636 shares during the period. Norges Bank bought a new position in shares of Intel during the fourth quarter valued at $2,424,202,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Intel by 6.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 39,841,750 shares of the chip maker’s stock worth $1,759,811,000 after purchasing an additional 2,457,243 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Down 6.4 %

INTC traded down $1.37 during midday trading on Monday, reaching $20.11. 147,145,630 shares of the company were exchanged, compared to its average volume of 50,681,496. The company has a market cap of $85.61 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 17.38 and a beta of 1.05. Intel Co. has a one year low of $19.29 and a one year high of $51.28. The company’s fifty day moving average price is $31.35 and its 200 day moving average price is $36.71. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57.

Intel (NASDAQ:INTC) last announced its quarterly earnings results 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 company had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. Intel had a return on equity of 1.82% and a net margin of 1.77%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.05) EPS. As a group, analysts expect that Intel Co. will post 0.07 EPS for the current year.

Intel Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Wednesday, August 7th. Intel’s payout ratio is 52.08%.

Analyst Upgrades and Downgrades

INTC has been the subject of several analyst reports. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 target price on shares of Intel in a research report on Friday. Roth Mkm cut their price objective on Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday. Barclays reduced their target price on Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday. JPMorgan Chase & Co. lowered their price target on shares of Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Intel from $38.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday. Five research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $32.92.

Intel Profile

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.