Simmons Bank cut its position in shares of Intel Co. (NASDAQ:INTC – Free Report) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,209 shares of the chip maker’s stock after selling 4,439 shares during the quarter. Simmons Bank’s holdings in Intel were worth $2,825,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of INTC. Mackenzie Financial Corp grew its holdings in Intel by 31.5% in the third quarter. Mackenzie Financial Corp now owns 1,303,481 shares of the chip maker’s stock worth $46,521,000 after purchasing an additional 312,442 shares during the period. Cambridge Trust Co. grew its holdings in shares of Intel by 14.2% during the third quarter. Cambridge Trust Co. now owns 53,265 shares of the chip maker’s stock valued at $1,894,000 after buying an additional 6,636 shares during the last quarter. Value Partners Investments Inc. acquired a new position in shares of Intel during the third quarter valued at about $209,000. Washington Capital Management Inc. acquired a new position in shares of Intel during the third quarter valued at about $887,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Intel by 8.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,102,758 shares of the chip maker’s stock valued at $288,045,000 after buying an additional 651,421 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Intel
In related news, CEO Patrick P. Gelsinger purchased 4,100 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was acquired at an average price of $30.29 per share, with a total value of $124,189.00. Following the purchase, the chief executive officer now directly owns 39,375 shares in the company, valued at $1,192,668.75. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Patrick P. Gelsinger purchased 4,100 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was acquired at an average price of $30.29 per share, with a total value of $124,189.00. Following the purchase, the chief executive officer now directly owns 39,375 shares in the company, valued at $1,192,668.75. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 4,000 shares of the business’s stock in a transaction on Monday, April 29th. The stock was bought at an average cost of $31.42 per share, with a total value of $125,680.00. Following the purchase, the chief executive officer now owns 35,275 shares in the company, valued at $1,108,340.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on Intel
Intel Price Performance
NASDAQ:INTC traded down $0.29 during mid-day trading on Tuesday, hitting $30.68. 44,615,995 shares of the stock traded hands, compared to its average volume of 48,394,598. The business’s 50-day moving average price is $39.12 and its 200 day moving average price is $42.05. The company has a market cap of $130.60 billion, a PE ratio of 31.96, a price-to-earnings-growth ratio of 10.05 and a beta of 1.09. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43.
Intel Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be paid a dividend of $0.125 per share. The ex-dividend date is Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.63%. Intel’s dividend payout ratio is currently 52.08%.
Intel Company 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.
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