First Interstate Bank Sells 696 Shares of Intel Co. (NASDAQ:INTC)

First Interstate Bank lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,791 shares of the chip maker’s stock after selling 696 shares during the period. First Interstate Bank’s holdings in Intel were worth $1,045,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Tyche Wealth Partners LLC acquired a new stake in Intel in the 4th quarter valued at approximately $570,000. Allen Capital Group LLC raised its position in Intel by 2.3% in the 4th quarter. Allen Capital Group LLC now owns 132,730 shares of the chip maker’s stock valued at $6,670,000 after buying an additional 2,966 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Intel by 23.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,883,056 shares of the chip maker’s stock valued at $94,624,000 after buying an additional 358,196 shares during the last quarter. Main Street Research LLC raised its position in Intel by 4.7% in the 4th quarter. Main Street Research LLC now owns 7,379 shares of the chip maker’s stock valued at $371,000 after buying an additional 329 shares during the last quarter. Finally, DGS Capital Management LLC increased its position in shares of Intel by 4.3% during the 4th quarter. DGS Capital Management LLC now owns 10,466 shares of the chip maker’s stock worth $526,000 after purchasing an additional 436 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Trading Down 0.1 %

Shares of Intel stock traded down $0.05 on Tuesday, hitting $36.26. 30,577,853 shares of the company’s stock traded hands, compared to its average volume of 47,000,832. The company has a fifty day moving average of $42.45 and a two-hundred day moving average of $42.39. The company has a market capitalization of $153.31 billion, a price-to-earnings ratio of 93.26, a price-to-earnings-growth ratio of 3.16 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. Intel Co. has a one year low of $26.85 and a one year high of $51.28.

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, topping the consensus estimate of $0.27 by $0.27. The business had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 earnings per share. As a group, sell-side analysts expect that Intel Co. will post 0.62 earnings per share for the current year.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.38%. Intel’s dividend payout ratio is presently 128.21%.

Insider Activity

In other Intel news, CEO Patrick P. Gelsinger purchased 3,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was bought at an average cost of $43.36 per share, with a total value of $130,080.00. Following the completion of the transaction, the chief executive officer now owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger purchased 3,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was bought at an average cost of $43.36 per share, with a total value of $130,080.00. Following the completion of the transaction, the chief executive officer now owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 2,800 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, 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. Corporate insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on INTC. Mizuho lowered their price target on Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. TD Cowen decreased their target price on Intel from $45.00 to $42.00 and set a “market perform” rating on the stock in a report on Friday, January 26th. Susquehanna reissued a “neutral” rating and set a $42.00 target price on shares of Intel in a report on Thursday, April 4th. UBS Group boosted their target price on Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Finally, Truist Financial reissued a “hold” rating and set a $45.00 target price on shares of Intel in a report on Wednesday, April 3rd. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $42.69.

Intel 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.