Intel Co. (NASDAQ:INTC) Shares Sold by Webster Bank N. A.

Webster Bank N. A. lessened its stake in Intel Co. (NASDAQ:INTC) by 11.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,721 shares of the chip maker’s stock after selling 2,200 shares during the quarter. Webster Bank N. A.’s holdings in Intel were worth $783,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Trexquant Investment LP purchased a new stake in Intel during the third quarter worth $1,496,000. Morningstar Investment Services LLC purchased a new stake in shares of Intel during the 3rd quarter worth about $340,000. CWA Asset Management Group LLC grew its position in shares of Intel by 15.7% during the 3rd quarter. CWA Asset Management Group LLC now owns 18,058 shares of the chip maker’s stock valued at $642,000 after acquiring an additional 2,448 shares during the period. Sherbrooke Park Advisers LLC purchased a new position in shares of Intel in the 3rd quarter valued at about $551,000. Finally, Ironwood Investment Counsel LLC raised its holdings in Intel by 13.9% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 32,661 shares of the chip maker’s stock worth $1,161,000 after purchasing an additional 3,981 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. HSBC cut their price objective on Intel from $44.00 to $37.00 and set a “hold” rating for the company in a research report on Tuesday, April 23rd. UBS Group increased their price objective on shares of Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Benchmark reiterated a “buy” rating and issued a $62.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Wedbush decreased 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. Finally, Truist Financial cut their price objective on Intel from $45.00 to $33.00 and set a “hold” rating for the company in a research note on Friday, April 26th. Three analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Intel currently has a consensus rating of “Hold” and an average target price of $39.58.

Insider Transactions at Intel

In other Intel news, CEO Patrick P. Gelsinger bought 4,100 shares of Intel stock in a transaction on Wednesday, May 1st. The shares were bought at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the acquisition, the chief executive officer now directly owns 39,375 shares in the company, valued at $1,192,668.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Patrick P. Gelsinger bought 4,000 shares of Intel stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average price of $31.42 per share, with a total value of $125,680.00. Following the completion of the acquisition, the chief executive officer now directly owns 35,275 shares in the company, 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 on Wednesday, May 1st. The shares were purchased at an average price of $30.29 per share, with a total value of $124,189.00. Following the acquisition, the chief executive officer now directly owns 39,375 shares in the company, valued at $1,192,668.75. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

Intel Price Performance

Intel stock opened at $30.97 on Friday. 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 market capitalization of $131.84 billion, a price-to-earnings ratio of 32.26, a price-to-earnings-growth ratio of 14.76 and a beta of 1.06. The company’s 50 day simple moving average is $31.08 and its 200-day simple moving average is $39.50. Intel Co. has a 1 year low of $29.73 and a 1 year high of $51.28.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The firm had revenue of $12.72 billion for the quarter, compared to analyst estimates of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. As a group, equities research analysts expect that Intel Co. will post 0.09 earnings per share for the current year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th were paid a dividend of $0.125 per share. The ex-dividend date was Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.61%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

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.