Indiana Trust & Investment Management CO Sells 458 Shares of Intel Co. (NASDAQ:INTC)

Indiana Trust & Investment Management CO reduced its position in shares of Intel Co. (NASDAQ:INTC) by 4.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,568 shares of the chip maker’s stock after selling 458 shares during the period. Indiana Trust & Investment Management CO’s holdings in Intel were worth $423,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of INTC. New Millennium Group LLC increased its holdings in Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after buying an additional 231 shares during the last quarter. Frazier Financial Advisors LLC purchased a new stake in shares of Intel during the 4th quarter worth approximately $27,000. Burkett Financial Services LLC purchased a new stake in shares of Intel during the 4th quarter worth approximately $27,000. Raleigh Capital Management Inc. raised its holdings in shares of Intel by 62.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after purchasing an additional 362 shares during the period. Finally, Valued Wealth Advisors LLC purchased a new position in Intel in the fourth quarter valued at approximately $36,000. Institutional investors own 64.53% of the company’s stock.

Intel Stock Up 1.2 %

NASDAQ INTC traded up $0.38 during trading hours on Friday, reaching $30.97. 40,714,609 shares of the company’s stock traded hands, compared to its average volume of 46,837,355. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. The firm has a 50-day simple moving average of $31.24 and a 200 day simple moving average of $39.68. Intel Co. has a 52-week low of $29.73 and a 52-week high of $51.28. The firm has a market cap of $131.84 billion, a PE ratio of 32.47, a PEG ratio of 14.56 and a beta of 1.06.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The business had revenue of $12.72 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. Sell-side analysts anticipate that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were given a dividend of $0.125 per share. The ex-dividend date was Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.61%. Intel’s dividend payout ratio (DPR) is 52.08%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Truist Financial lowered their target price on Intel from $45.00 to $33.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. Wedbush reduced their price objective on shares of Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a research note on Friday, April 26th. UBS Group upped their target price on Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Monday, April 1st. StockNews.com upgraded shares of Intel from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th. Finally, Evercore ISI dropped their target price on Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a research report on Friday, April 26th. Three analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Intel currently has a consensus rating of “Hold” and an average price target of $39.58.

Insider Buying and Selling at Intel

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

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.