Intel Co. (NASDAQ:INTC) Shares Sold by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas lessened its position in shares of Intel Co. (NASDAQ:INTC) by 16.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 105,024 shares of the chip maker’s stock after selling 20,192 shares during the quarter. Intel makes up 1.4% of Community Bank & Trust Waco Texas’ holdings, making the stock its 26th biggest position. Community Bank & Trust Waco Texas’ holdings in Intel were worth $5,277,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barrett & Company Inc. increased its stake in shares of Intel by 6.1% in the fourth quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock worth $184,000 after acquiring an additional 210 shares during the last quarter. Revolve Wealth Partners LLC increased its position in Intel by 3.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock worth $372,000 after buying an additional 216 shares during the last quarter. New Millennium Group LLC increased its position 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. Waldron Private Wealth LLC increased its position in Intel by 0.6% during the fourth quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock worth $2,063,000 after buying an additional 232 shares during the last quarter. Finally, Spreng Capital Management Inc. increased its position in Intel by 1.3% during the fourth quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock worth $987,000 after buying an additional 246 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Buying and Selling at Intel

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on INTC shares. Susquehanna decreased their price target on shares of Intel from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, April 17th. Barclays upped their price target on shares of Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, January 16th. Citigroup decreased their price target on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a report on Monday, April 15th. Wells Fargo & Company decreased their price target 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, Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $42.38.

Intel Trading Up 1.1 %

Shares of NASDAQ INTC traded up $0.38 during midday trading on Wednesday, reaching $34.66. 16,077,575 shares of the stock were exchanged, compared to its average volume of 46,520,082. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28. The company has a market capitalization of $146.54 billion, a price-to-earnings ratio of 89.62, a P/E/G ratio of 3.09 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. The business has a 50-day simple moving average of $41.48 and a two-hundred day simple moving average of $42.36.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) 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 company had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the previous year, the business earned $0.10 EPS. The firm’s revenue was up 9.7% on a year-over-year basis. As a group, equities research analysts expect that Intel Co. will post 0.61 EPS for the current year.

Intel Announces Dividend

The firm 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 was Tuesday, February 6th. This represents a $0.50 annualized dividend and a yield of 1.44%. Intel’s dividend payout ratio (DPR) is presently 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.