Intel Co. (NASDAQ:INTC) Shares Sold by Community Bank N.A.

Community Bank N.A. lowered its holdings in Intel Co. (NASDAQ:INTC) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,804 shares of the chip maker’s stock after selling 856 shares during the period. Community Bank N.A.’s holdings in Intel were worth $4,613,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Flagship Harbor Advisors LLC grew its holdings in Intel by 8.5% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 30,164 shares of the chip maker’s stock valued at $1,072,000 after purchasing an additional 2,369 shares in the last quarter. Impact Partnership Wealth LLC grew its holdings in Intel by 85.8% during the 3rd quarter. Impact Partnership Wealth LLC now owns 4,162 shares of the chip maker’s stock valued at $148,000 after purchasing an additional 1,922 shares in the last quarter. Founders Financial Securities LLC grew its holdings in Intel by 14.8% during the 3rd quarter. Founders Financial Securities LLC now owns 31,444 shares of the chip maker’s stock valued at $1,118,000 after purchasing an additional 4,062 shares in the last quarter. Integrated Investment Consultants LLC grew its holdings in Intel by 3.5% during the 3rd quarter. Integrated Investment Consultants LLC now owns 9,437 shares of the chip maker’s stock valued at $335,000 after purchasing an additional 318 shares in the last quarter. Finally, Meridian Wealth Management LLC grew its holdings in Intel by 106.9% during the 3rd quarter. Meridian Wealth Management LLC now owns 49,590 shares of the chip maker’s stock valued at $1,764,000 after purchasing an additional 25,619 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Intel from $34.00 to $39.00 and gave the company a “sell” rating in a report on Friday, January 26th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $50.00 price target on shares of Intel in a report on Wednesday, April 3rd. Bank of America lowered their price target on shares of Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, April 12th. Wells Fargo & Company decreased their price objective on shares of Intel from $48.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, April 9th. Finally, HSBC decreased their price objective on shares of Intel from $44.00 to $37.00 and set a “hold” rating for the company in a report on Tuesday. Four equities research 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.com, the stock has a consensus rating of “Hold” and an average target price of $42.38.

Intel Stock Performance

NASDAQ:INTC traded up $0.22 during mid-day trading on Wednesday, hitting $34.50. The stock had a trading volume of 53,139,284 shares, compared to its average volume of 47,006,406. The stock has a market capitalization of $145.87 billion, a price-to-earnings ratio of 88.46, a P/E/G ratio of 3.09 and a beta of 1.00. The company has a 50 day simple moving average of $41.29 and a 200-day simple moving average of $42.30. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The firm had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same period last year, the firm posted $0.10 EPS. Intel’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, research analysts expect that Intel Co. will post 0.61 earnings per share for the current fiscal year.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.45%. Intel’s dividend payout ratio (DPR) is 128.21%.

Insiders Place Their Bets

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

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.