Intel Co. (NASDAQ:INTC) Stake Reduced by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas decreased its position in Intel Co. (NASDAQ:INTC) by 16.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,024 shares of the chip maker’s stock after selling 20,192 shares during the quarter. Intel comprises approximately 1.4% of Community Bank & Trust Waco Texas’ holdings, making the stock its 26th largest position. Community Bank & Trust Waco Texas’ holdings in Intel were worth $5,277,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Slow Capital Inc. increased its position in Intel by 0.9% in the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock worth $2,749,000 after purchasing an additional 508 shares during the last quarter. Altus Wealth Group LLC boosted its stake in shares of Intel by 29.4% during the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after acquiring an additional 5,759 shares in the last quarter. Alera Investment Advisors LLC bought a new stake in shares of Intel during the 4th quarter worth about $201,000. Vanguard Capital Wealth Advisors boosted its stake in Intel by 1.3% during the 3rd quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock valued at $1,613,000 after purchasing an additional 574 shares during the period. Finally, Prosperity Wealth Management Inc. bought a new stake in Intel during the 4th quarter valued at approximately $293,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

Shares of NASDAQ INTC traded up $0.38 during trading hours on Wednesday, reaching $34.66. 16,077,575 shares of the stock were exchanged, compared to its average volume of 46,520,082. The firm has a market capitalization of $146.54 billion, a price-to-earnings ratio of 89.62, a P/E/G ratio of 3.09 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. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28. The stock’s fifty day simple moving average is $41.48 and its 200 day simple moving average is $42.36.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. The company 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 firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 earnings per share. Sell-side analysts predict that Intel Co. will post 0.61 EPS for the current year.

Intel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Tuesday, February 6th. Intel’s payout ratio is 128.21%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on INTC. Bank of America decreased their target price on Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. Mizuho reduced their price objective on Intel from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 26th. Barclays increased their target price on Intel from $32.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 16th. Morgan Stanley increased their target price on Intel from $39.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Finally, Susquehanna dropped their target price on Intel from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, April 17th. Four analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $42.38.

Insider Activity

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

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.