Intel Co. (NASDAQ:INTC) Shares Sold by Peoples Bank KS

Peoples Bank KS trimmed its stake in Intel Co. (NASDAQ:INTCFree Report) by 7.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,190 shares of the chip maker’s stock after selling 1,050 shares during the quarter. Peoples Bank KS’s holdings in Intel were worth $538,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in shares of Intel during the fourth quarter valued at $2,424,202,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Intel by 543.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,384,507 shares of the chip maker’s stock valued at $1,878,572,000 after buying an additional 31,575,084 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Intel by 102.6% during the fourth quarter. California Public Employees Retirement System now owns 16,074,760 shares of the chip maker’s stock valued at $807,757,000 after buying an additional 8,140,835 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Intel by 17.8% during the third quarter. Wellington Management Group LLP now owns 34,564,037 shares of the chip maker’s stock valued at $1,228,752,000 after buying an additional 5,217,549 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt purchased a new position in shares of Intel during the fourth quarter valued at $251,250,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of research analyst reports. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 price target on shares of Intel in a report on Wednesday, April 3rd. Rosenblatt Securities restated a “sell” rating and issued a $17.00 target price on shares of Intel in a research note on Friday, April 26th. TD Cowen lowered their target price on Intel from $42.00 to $35.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. Bank of America lowered their target price on Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. Finally, Susquehanna lowered their target price on Intel from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, April 26th. Three research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Intel currently has a consensus rating of “Hold” and an average target price of $39.58.

Check Out Our Latest Analysis on Intel

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger bought 4,100 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was acquired at an average cost of $30.29 per share, with a total value of $124,189.00. Following the acquisition, the chief executive officer now owns 39,375 shares in the company, valued at approximately $1,192,668.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Intel news, CEO Patrick P. Gelsinger purchased 4,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were acquired at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the transaction, the chief executive officer now directly owns 35,275 shares in the company, valued at $1,108,340.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick P. Gelsinger purchased 4,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were acquired at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the transaction, the chief executive officer now owns 39,375 shares in the company, valued at $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.

Intel Stock Performance

Intel stock traded down $0.35 during trading hours on Tuesday, hitting $30.63. The stock had a trading volume of 33,064,986 shares, compared to its average volume of 47,005,566. The company has a 50-day moving average of $31.93 and a two-hundred day moving average of $40.15. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The company has a market cap of $130.39 billion, a PE ratio of 31.91, a price-to-earnings-growth ratio of 14.52 and a beta of 1.06. Intel Co. has a fifty-two week low of $29.73 and a fifty-two week high of $51.28.

Intel (NASDAQ:INTCGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The firm had revenue of $12.72 billion during the quarter, compared to analyst estimates of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%. On average, equities research analysts anticipate that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were issued a $0.125 dividend. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.63%. Intel’s payout ratio is presently 52.08%.

About Intel

(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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