First National Bank & Trust Co. of Newtown Sells 360 Shares of Intel Co. (NASDAQ:INTC)

First National Bank & Trust Co. of Newtown lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 1.1% in the 4th quarter, Holdings Channel reports. The firm owned 33,123 shares of the chip maker’s stock after selling 360 shares during the period. First National Bank & Trust Co. of Newtown’s holdings in Intel were worth $1,664,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barrett & Company Inc. raised its holdings in shares of Intel by 6.1% during the fourth quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock worth $184,000 after purchasing an additional 210 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Intel by 3.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock worth $372,000 after purchasing an additional 216 shares during the last quarter. New Millennium Group LLC increased its holdings in Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after buying an additional 231 shares in the last quarter. Waldron Private Wealth LLC increased its holdings in Intel by 0.6% in the fourth quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock valued at $2,063,000 after buying an additional 232 shares in the last quarter. Finally, Spreng Capital Management Inc. increased its holdings in Intel by 1.3% in the fourth quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock valued at $987,000 after buying an additional 246 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

INTC has been the subject of a number of recent analyst reports. Barclays lifted their price objective on shares of Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, January 16th. Citigroup cut their price objective on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a report on Monday. Susquehanna cut their price objective on shares of Intel from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday. Evercore ISI started coverage on shares of Intel in a report on Tuesday. They issued an “in-line” rating and a $40.00 price objective for the company. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $50.00 target price on shares of Intel in a research note on Wednesday, April 3rd. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $42.62.

Insider Buying and Selling

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

Intel Trading Down 1.8 %

Shares of Intel stock traded down $0.62 during mid-day trading on Friday, hitting $34.42. The stock had a trading volume of 20,350,606 shares, compared to its average volume of 46,493,434. The firm has a 50-day moving average of $42.03 and a two-hundred day moving average of $42.30. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. The firm has a market cap of $145.53 billion, a P/E ratio of 89.08, a price-to-earnings-growth ratio of 3.20 and a beta of 1.00.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same quarter in the prior year, the company posted $0.10 EPS. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. Sell-side analysts forecast that Intel Co. will post 0.61 earnings per share for the current year.

Intel Announces Dividend

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. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.45%. Intel’s dividend payout ratio (DPR) is 128.21%.

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.