First National Bank & Trust Co. of Newtown Has $1.66 Million Stock Position in Intel Co. (NASDAQ:INTC)

First National Bank & Trust Co. of Newtown cut its stake in Intel Co. (NASDAQ:INTC) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,123 shares of the chip maker’s stock after selling 360 shares during the quarter. First National Bank & Trust Co. of Newtown’s holdings in Intel were worth $1,664,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New Millennium Group LLC raised its stake in shares of Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after purchasing an additional 231 shares during the last quarter. Valued Wealth Advisors LLC purchased a new stake in shares of Intel in the fourth quarter worth approximately $36,000. Cornerstone Planning Group LLC purchased a new stake in shares of Intel during the second quarter valued at approximately $25,000. Lumature Wealth Partners LLC increased its position in shares of Intel by 146.7% during the first quarter. Lumature Wealth Partners LLC now owns 824 shares of the chip maker’s stock valued at $41,000 after acquiring an additional 490 shares during the last quarter. Finally, Legacy Financial Group LLC purchased a new stake in shares of Intel during the third quarter valued at approximately $30,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Intel

In other Intel news, CEO Patrick P. Gelsinger acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was bought 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Patrick P. Gelsinger purchased 3,000 shares of the 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 transaction, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Patrick P. Gelsinger purchased 2,800 shares of the stock in a transaction on Thursday, February 1st. The shares were purchased 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 directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by corporate insiders.

Intel Price Performance

NASDAQ:INTC traded down $0.62 during trading hours on Friday, hitting $34.42. 20,350,606 shares of the company’s stock traded hands, compared to its average volume of 46,493,434. The firm has a market cap of $145.53 billion, a P/E ratio of 89.08, a P/E/G ratio of 3.20 and a beta of 1.00. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28. The business’s fifty day simple moving average is $42.03 and its two-hundred day simple moving average is $42.30. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.27. The company had revenue of $15.40 billion during 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% on a year-over-year basis. During the same quarter last year, the company earned $0.10 earnings per share. On average, research analysts anticipate that Intel Co. will post 0.61 earnings per share for the current fiscal year.

Intel Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently commented on INTC. Truist Financial reaffirmed a “hold” rating and set a $45.00 price target on shares of Intel in a research report on Wednesday, April 3rd. TD Cowen decreased their price target on Intel from $45.00 to $42.00 and set a “market perform” rating for the company in a research report on Friday, January 26th. Raymond James decreased their price target on Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. UBS Group increased their price target on Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Monday, April 1st. Finally, HSBC decreased their price target on Intel from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Friday, January 26th. Four research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $42.62.

Intel 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.