Intel Co. (NASDAQ:INTC) Shares Sold by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust reduced its position in shares of Intel Co. (NASDAQ:INTCFree Report) by 14.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,958 shares of the chip maker’s stock after selling 3,824 shares during the period. Parkside Financial Bank & Trust’s holdings in Intel were worth $1,103,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Slow Capital Inc. boosted its position in shares of Intel by 0.9% in the fourth quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock worth $2,749,000 after acquiring an additional 508 shares during the last quarter. Altus Wealth Group LLC boosted its position in shares of Intel by 29.4% in the fourth quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after acquiring an additional 5,759 shares during the last quarter. Alera Investment Advisors LLC acquired a new stake in shares of Intel in the fourth quarter worth approximately $201,000. Vanguard Capital Wealth Advisors boosted its position in shares of Intel by 1.3% in the third quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock worth $1,613,000 after acquiring an additional 574 shares during the last quarter. Finally, Prosperity Wealth Management Inc. acquired a new stake in shares of Intel in the fourth quarter worth approximately $293,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on INTC. Cantor Fitzgerald reissued a “neutral” rating and issued a $50.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Citigroup reduced their price target on shares of Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 price target on shares of Intel in a research report on Friday, February 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, January 26th. Finally, Mizuho reduced their price target on shares of Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $42.38.

Read Our Latest Research Report on INTC

Insider Buying and Selling at Intel

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

Intel Stock Up 1.9 %

Shares of NASDAQ:INTC traded up $0.64 during midday trading on Wednesday, reaching $34.92. The company had a trading volume of 13,090,978 shares, compared to its average volume of 46,491,066. 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 stock’s fifty day moving average price is $41.48 and its 200-day moving average price is $42.36. The stock has a market capitalization of $147.64 billion, a P/E ratio of 89.62, a PEG ratio of 3.09 and a beta of 1.00. Intel Co. has a one year low of $26.85 and a one year high of $51.28.

Intel (NASDAQ:INTCGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year. Equities research analysts expect that Intel Co. will post 0.61 earnings per share for the current fiscal year.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 annualized dividend and a yield of 1.43%. Intel’s payout ratio is 128.21%.

Intel Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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