First National Trust Co Sells 654 Shares of Intel Co. (NASDAQ:INTC)

First National Trust Co trimmed its holdings in Intel Co. (NASDAQ:INTC) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,713 shares of the chip maker’s stock after selling 654 shares during the period. First National Trust Co’s holdings in Intel were worth $4,910,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. New Millennium Group LLC lifted 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 buying an additional 231 shares during the last quarter. Valued Wealth Advisors LLC acquired a new stake in shares of Intel in the fourth quarter worth $36,000. Signature Resources Capital Management LLC acquired a new stake in shares of Intel in the fourth quarter worth $37,000. Bare Financial Services Inc acquired a new stake in shares of Intel in the fourth quarter worth $39,000. Finally, Legacy Financial Group LLC acquired a new stake in shares of Intel in the third quarter worth $30,000. 64.53% of the stock is owned by institutional investors.

Insider Activity

In other Intel news, CEO Patrick P. Gelsinger acquired 4,100 shares of the stock in a transaction dated 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 completion of the acquisition, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Patrick P. Gelsinger bought 4,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were acquired at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the acquisition, the chief executive officer now owns 35,275 shares in the company, valued at $1,108,340.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick P. Gelsinger bought 4,100 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were purchased at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the acquisition, the chief executive officer now owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Barclays reduced their price objective on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Rosenblatt Securities restated a “sell” rating and issued a $17.00 price objective on shares of Intel in a research note on Friday, April 26th. Truist Financial lowered their target price on shares of Intel from $45.00 to $33.00 and set a “hold” rating on the stock in a report on Friday, April 26th. Stifel Nicolaus reissued a “hold” rating and set a $45.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Finally, The Goldman Sachs Group decreased their price objective on shares of Intel from $39.00 to $34.00 and set a “sell” rating on the stock in a report on Friday, April 26th. Four analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $39.75.

Intel Stock Up 1.3 %

INTC traded up $0.39 during trading on Friday, reaching $30.90. The company had a trading volume of 36,794,828 shares, compared to its average volume of 58,447,700. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28. The company has a market cap of $131.54 billion, a P/E ratio of 32.19, a PEG ratio of 9.93 and a beta of 1.09. The business’s fifty day moving average price is $39.84 and its 200 day moving average price is $42.06.

Intel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.62%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

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.