Intel Co. (NASDAQ:INTC) Stock Holdings Increased by American National Bank


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American National Bank lifted its stake in Intel Co. (NASDAQ:INTC) by 475.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,270 shares of the chip maker’s stock after purchasing an additional 16,745 shares during the quarter. American National Bank’s holdings in Intel were worth $1,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Legacy Private Trust Co. lifted its position in shares of Intel by 5.6% in the first quarter. Legacy Private Trust Co. now owns 94,777 shares of the chip maker’s stock worth $6,066,000 after purchasing an additional 5,001 shares in the last quarter. First Hawaiian Bank lifted its position in shares of Intel by 9.1% in the first quarter. First Hawaiian Bank now owns 41,784 shares of the chip maker’s stock worth $2,674,000 after purchasing an additional 3,474 shares in the last quarter. Anderson Hoagland & Co. lifted its position in shares of Intel by 290.8% in the first quarter. Anderson Hoagland & Co. now owns 35,873 shares of the chip maker’s stock worth $2,296,000 after purchasing an additional 26,694 shares in the last quarter. Pacifica Partners Inc. lifted its position in shares of Intel by 36.7% in the first quarter. Pacifica Partners Inc. now owns 745 shares of the chip maker’s stock worth $49,000 after purchasing an additional 200 shares in the last quarter. Finally, ACT Wealth Management LLC lifted its position in shares of Intel by 2.1% in the first quarter. ACT Wealth Management LLC now owns 9,971 shares of the chip maker’s stock worth $638,000 after purchasing an additional 201 shares in the last quarter. 63.25% of the stock is owned by institutional investors and hedge funds.

INTC has been the subject of a number of research analyst reports. Truist Securities increased their price target on shares of Intel from $64.00 to $73.00 in a research report on Wednesday, March 24th. Mizuho increased their price objective on Intel from $70.00 to $72.00 in a report on Wednesday, March 24th. Needham & Company LLC increased their price objective on Intel from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Tuesday, March 30th. UBS Group set a $71.00 price objective on Intel and gave the stock a “buy” rating in a report on Tuesday, January 19th. Finally, Truist increased their price objective on Intel from $60.00 to $64.00 in a report on Friday, January 22nd. Eleven investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Intel has a consensus rating of “Hold” and an average target price of $63.64.

In related news, CFO George S. Davis acquired 9,095 shares of the business’s stock in a transaction on Tuesday, January 26th. The stock was bought at an average cost of $55.34 per share, with a total value of $503,317.30. Following the completion of the acquisition, the chief financial officer now owns 71,223 shares in the company, valued at $3,941,480.82. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Robert Holmes Swan acquired 27,244 shares of the business’s stock in a transaction on Monday, January 25th. The shares were bought at an average cost of $55.57 per share, with a total value of $1,513,949.08. Following the completion of the acquisition, the chief executive officer now owns 330,774 shares of the company’s stock, valued at approximately $18,381,111.18. The disclosure for this purchase can be found here. 0.04% of the stock is owned by company insiders.

Shares of INTC stock opened at $68.26 on Friday. The stock has a market cap of $277.98 billion, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 1.63 and a beta of 0.74. Intel Co. has a one year low of $43.61 and a one year high of $68.40. The stock has a fifty day moving average price of $63.06 and a 200 day moving average price of $54.23. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.66 and a quick ratio of 1.24.

Intel (NASDAQ:INTC) last issued its earnings results on Wednesday, January 20th. The chip maker reported $1.52 EPS for the quarter, topping the consensus estimate of $1.10 by $0.42. The firm had revenue of $19.98 billion during the quarter, compared to analysts’ expectations of $17.47 billion. Intel had a return on equity of 29.44% and a net margin of 28.10%. During the same period last year, the business earned $1.52 earnings per share. Equities research analysts anticipate that Intel Co. will post 4.89 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 1st. Investors of record on Friday, May 7th will be given a $0.3475 dividend. The ex-dividend date of this dividend is Thursday, May 6th. This represents a $1.39 annualized dividend and a yield of 2.04%. Intel’s dividend payout ratio (DPR) is currently 28.54%.

Intel Profile

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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