Community Bank N.A. Sells 856 Shares of Intel Co. (NASDAQ:INTC)

Community Bank N.A. decreased its position in Intel Co. (NASDAQ:INTC) by 0.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 91,804 shares of the chip maker’s stock after selling 856 shares during the quarter. Community Bank N.A.’s holdings in Intel were worth $4,613,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Barrett & Company Inc. lifted its holdings in shares of Intel by 6.1% during the fourth quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock worth $184,000 after buying an additional 210 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of 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 in the last quarter. New Millennium Group LLC lifted its holdings in shares of 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 in the last quarter. Waldron Private Wealth LLC lifted its holdings in shares of 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 in the last quarter. Finally, Spreng Capital Management Inc. lifted its holdings in shares of 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 in the last quarter. Institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Raymond James decreased their price target on Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. Rosenblatt Securities restated a “sell” rating and issued a $17.00 price target on shares of Intel in a research report on Friday, February 23rd. Evercore ISI assumed coverage on Intel in a research report on Tuesday, April 16th. They issued an “in-line” rating and a $40.00 price target on the stock. Cantor Fitzgerald restated a “neutral” rating and issued a $50.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Finally, Barclays raised their price target on Intel from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Four research analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $42.38.

Insider Activity at Intel

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

Intel Trading Up 0.6 %

INTC stock traded up $0.22 during trading on Wednesday, hitting $34.50. The company had a trading volume of 53,139,284 shares, compared to its average volume of 47,006,406. The business has a 50-day moving average of $41.29 and a 200-day moving average of $42.30. Intel Co. has a one year low of $26.85 and a one year high of $51.28. The stock has a market cap of $145.87 billion, a PE ratio of 88.46, a PEG ratio of 3.09 and a beta of 1.00. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The business had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. During the same period in the prior year, the business posted $0.10 earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. Research analysts predict that Intel Co. will post 0.61 earnings per share for the current fiscal year.

Intel Dividend Announcement

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