HTLF Bank Invests $760,000 in Intel Co. (NASDAQ:INTC)

HTLF Bank purchased a new stake in shares of Intel Co. (NASDAQ:INTC) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 15,123 shares of the chip maker’s stock, valued at approximately $760,000.

A number of other large investors also recently bought and sold shares of INTC. Moneta Group Investment Advisors LLC increased its stake in Intel by 100,953.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 51,133,863 shares of the chip maker’s stock valued at $1,351,468,000 after purchasing an additional 51,083,262 shares in the last quarter. Norges Bank bought a new stake in Intel during the 4th quarter valued at about $1,092,939,000. Clearbridge Investments LLC increased its stake in Intel by 4,407.3% during the 1st quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker’s stock valued at $814,727,000 after purchasing an additional 16,074,485 shares in the last quarter. Barclays PLC increased its stake in Intel by 171.1% during the 2nd quarter. Barclays PLC now owns 21,404,715 shares of the chip maker’s stock valued at $715,773,000 after purchasing an additional 13,507,774 shares in the last quarter. Finally, Morgan Stanley increased its stake in Intel by 29.8% during the 4th quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker’s stock valued at $1,409,835,000 after purchasing an additional 12,241,200 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger purchased 3,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the acquisition, the chief executive officer now owns 28,475 shares in the company, valued at $1,234,676. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Patrick P. Gelsinger acquired 2,800 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were acquired 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 $1,336,693.50. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were purchased 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 corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on INTC shares. Wells Fargo & Company reduced their price objective on shares of Intel from $48.00 to $43.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 9th. Susquehanna reduced their price target on shares of Intel from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday. UBS Group lifted their price target on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Monday, April 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Finally, Rosenblatt Securities restated a “sell” rating and set a $17.00 target price on shares of Intel in a research report on Friday, February 23rd. Four research analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $42.62.

Intel Trading Down 1.3 %

INTC stock traded down $0.47 during mid-day trading on Friday, reaching $34.57. 17,887,175 shares of the stock traded hands, compared to its average volume of 46,462,508. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. Intel Co. has a one year low of $26.85 and a one year high of $51.28. The stock has a market capitalization of $146.16 billion, a PE ratio of 89.08, a PEG ratio of 3.20 and a beta of 1.00. The business has a 50-day moving average price of $42.03 and a two-hundred day moving average price of $42.30.

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

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Tuesday, February 6th. Intel’s payout ratio is currently 128.21%.

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.