Security National Bank Purchases New Shares in Intel Co. (NASDAQ:INTC)

Security National Bank purchased a new stake in Intel Co. (NASDAQ:INTC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,250 shares of the chip maker’s stock, valued at approximately $163,000.

Several other institutional investors have also added to or reduced their stakes in INTC. New Millennium Group LLC lifted its position in shares of Intel by 87.2% during the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after acquiring an additional 231 shares during the period. Burkett Financial Services LLC bought a new stake in shares of Intel during the 4th quarter valued at $27,000. Frazier Financial Advisors LLC bought a new stake in shares of Intel during the 4th quarter valued at $27,000. Valued Wealth Advisors LLC bought a new stake in shares of Intel during the 4th quarter valued at $36,000. Finally, Signature Resources Capital Management LLC bought a new stake in shares of Intel during the 4th quarter valued at $37,000. 64.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Patrick P. Gelsinger purchased 4,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were acquired at an average price 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Patrick P. Gelsinger bought 4,100 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were bought 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 directly owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Patrick P. Gelsinger bought 4,000 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was bought at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the acquisition, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

Intel Trading Up 1.1 %

NASDAQ INTC traded up $0.32 during trading hours on Friday, hitting $30.74. 34,085,530 shares of the company’s stock were exchanged, compared to its average volume of 42,563,780. The stock has a 50-day simple moving average of $33.30 and a 200 day simple moving average of $40.83. Intel Co. has a 1-year low of $29.73 and a 1-year high of $51.28. The firm has a market cap of $130.86 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 14.65 and a beta of 1.06. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43.

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

Intel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th were issued a $0.125 dividend. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.63%. Intel’s payout ratio is currently 52.08%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on INTC. Roth Mkm dropped their price objective on Intel from $45.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. Cantor Fitzgerald restated a “neutral” rating and set a $50.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. The Goldman Sachs Group dropped their price objective on Intel from $34.00 to $30.00 and set a “sell” rating for the company in a research report on Thursday, May 9th. Wedbush dropped their price objective on Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a research report on Friday, April 26th. Finally, Evercore ISI dropped their price objective on Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a research report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $39.58.

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.