15,123 Shares in Intel Co. (NASDAQ:INTC) Bought by HTLF Bank

HTLF Bank acquired a new position in Intel Co. (NASDAQ:INTC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,123 shares of the chip maker’s stock, valued at approximately $760,000.

A number of other large investors have also recently bought and sold shares of the business. Slow Capital Inc. lifted its stake in shares of Intel by 0.9% in the fourth 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 lifted its stake 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 buying an additional 5,759 shares during the period. Alera Investment Advisors LLC bought a new stake in shares of Intel in the fourth quarter valued at about $201,000. Vanguard Capital Wealth Advisors lifted its stake in shares of Intel by 1.3% in the third 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. Finally, Prosperity Wealth Management Inc. bought a new stake in shares of Intel in the fourth quarter valued at about $293,000. 64.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Patrick P. Gelsinger purchased 2,800 shares of Intel stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Intel news, CEO Patrick P. Gelsinger purchased 3,000 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was purchased at an average price of $43.36 per share, with a total value of $130,080.00. Following the completion of the purchase, the chief executive officer now owns 28,475 shares of the company’s stock, valued at $1,234,676. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Patrick P. Gelsinger purchased 2,800 shares of the company’s stock in a transaction dated 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 purchase, 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. Company insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on INTC shares. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 price objective on shares of Intel in a report on Friday, February 23rd. Raymond James dropped their price objective on shares of Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a report on Friday, January 26th. Mizuho dropped their price objective on shares of Intel from $58.00 to $55.00 and set a “buy” rating for the company in a report on Friday, January 26th. Finally, The Goldman Sachs Group raised their price objective on shares of Intel from $34.00 to $39.00 and gave the stock a “sell” rating in a report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Intel currently has an average rating of “Hold” and an average price target of $42.62.

Intel Stock Performance

Shares of INTC stock traded down $0.47 during midday trading on Friday, hitting $34.57. 17,887,175 shares of the company were exchanged, compared to its average volume of 46,462,508. The firm has a market capitalization of $146.16 billion, a P/E ratio of 89.08, a PEG ratio of 3.20 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The firm’s 50 day moving average price is $42.03 and its two-hundred day moving average price is $42.30. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.27 by $0.27. The business had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. Intel’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 EPS. As a group, equities research analysts anticipate that Intel Co. will post 0.61 earnings per share for the current year.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.45%. Intel’s payout ratio is presently 128.21%.

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.