Intel Co. (NASDAQ:INTC) Shares Sold by Field & Main Bank

Field & Main Bank reduced its position in shares of Intel Co. (NASDAQ:INTC) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,375 shares of the chip maker’s stock after selling 810 shares during the period. Field & Main Bank’s holdings in Intel were worth $1,627,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Intel by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 381,109,738 shares of the chip maker’s stock worth $13,548,451,000 after buying an additional 1,624,453 shares in the last quarter. Primecap Management Co. CA increased its stake in Intel by 6.0% during the 3rd quarter. Primecap Management Co. CA now owns 74,762,291 shares of the chip maker’s stock worth $2,657,799,000 after buying an additional 4,226,790 shares in the last quarter. Northern Trust Corp grew its position in shares of Intel by 3.7% in the third quarter. Northern Trust Corp now owns 46,003,776 shares of the chip maker’s stock valued at $1,635,434,000 after purchasing an additional 1,626,127 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Intel by 18.6% in the third quarter. Bank of New York Mellon Corp now owns 38,720,686 shares of the chip maker’s stock valued at $1,376,520,000 after purchasing an additional 6,064,950 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Intel by 13.4% in the third quarter. Invesco Ltd. now owns 35,788,068 shares of the chip maker’s stock valued at $1,272,266,000 after purchasing an additional 4,222,381 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Down 1.6 %

NASDAQ INTC traded down $0.52 during trading on Monday, reaching $31.36. 58,488,666 shares of the company’s stock were exchanged, compared to its average volume of 48,273,395. The stock has a market cap of $132.59 billion, a P/E ratio of 32.67, a price-to-earnings-growth ratio of 2.89 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The company has a 50 day moving average price of $40.63 and a two-hundred day moving average price of $42.27. Intel Co. has a 1 year low of $26.85 and a 1 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 analysts’ consensus estimates of $0.27 by $0.27. The company had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. Intel’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 EPS. On average, equities research analysts anticipate that Intel Co. will post 0.6 EPS for the current fiscal year.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio (DPR) is 52.08%.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger purchased 2,800 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was bought 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 of the company’s stock, valued at $1,336,693.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

INTC has been the subject of a number of analyst reports. Susquehanna dropped their price target on Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday. Citigroup dropped their price target on Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research report on Monday, April 15th. Wedbush lowered their price objective on Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a research report on Friday. Truist Financial lowered their price objective on Intel from $45.00 to $33.00 and set a “hold” rating for the company in a research report on Friday. Finally, Evercore ISI lowered their price objective on Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a research report on Friday. Four equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $39.75.

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.