Pioneer Trust Bank N A OR Cuts Stock Holdings in Intel Co. (NASDAQ:INTC)

Pioneer Trust Bank N A OR decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 34.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,650 shares of the chip maker’s stock after selling 5,530 shares during the quarter. Pioneer Trust Bank N A OR’s holdings in Intel were worth $535,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Slow Capital Inc. raised its position in shares of Intel by 0.9% during the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock valued at $2,749,000 after buying an additional 508 shares during the period. Altus Wealth Group LLC grew its holdings in shares of Intel by 29.4% in the fourth quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock valued at $1,272,000 after purchasing an additional 5,759 shares in the last quarter. Alera Investment Advisors LLC purchased a new stake in shares of Intel during the fourth quarter worth $201,000. Callan Capital LLC increased its holdings in Intel by 9.1% during the 4th quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock worth $884,000 after purchasing an additional 1,474 shares during the period. Finally, Vanguard Capital Wealth Advisors boosted its stake in shares of Intel by 1.3% in the 3rd quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock valued at $1,613,000 after buying an additional 574 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on INTC shares. Barclays reduced their price objective on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Wedbush dropped their price target on shares of Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a research note on Friday, April 26th. Sanford C. Bernstein dropped their price objective on Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a report on Friday, April 26th. UBS Group lifted their price target on Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Finally, Susquehanna lowered their target price on shares of Intel from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Four research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $39.62.

Insiders Place Their Bets

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

Intel Stock Up 0.3 %

NASDAQ:INTC traded up $0.09 during mid-day trading on Thursday, hitting $30.09. The company had a trading volume of 44,519,058 shares, compared to its average volume of 48,536,754. The firm has a market capitalization of $128.09 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 10.05 and a beta of 1.09. Intel Co. has a 1 year low of $26.85 and a 1 year high of $51.28. The business has a fifty day simple moving average of $39.12 and a 200-day simple moving average of $42.05. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio is presently 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.