Parkside Financial Bank & Trust Sells 3,824 Shares of Intel Co. (NASDAQ:INTC)

Parkside Financial Bank & Trust lowered its position in Intel Co. (NASDAQ:INTC) by 14.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,958 shares of the chip maker’s stock after selling 3,824 shares during the period. Parkside Financial Bank & Trust’s holdings in Intel were worth $1,103,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of INTC. New Millennium Group LLC grew its holdings in Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares during the period. Legacy Financial Group LLC purchased a new position in shares of Intel in the third quarter valued at about $30,000. Raleigh Capital Management Inc. lifted its position in shares of Intel by 62.8% in the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after acquiring an additional 362 shares in the last quarter. Valued Wealth Advisors LLC purchased a new position in shares of Intel in the fourth quarter valued at about $36,000. Finally, Briaud Financial Planning Inc purchased a new position in shares of Intel in the third quarter valued at about $40,000. Institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Intel news, CEO Patrick P. Gelsinger bought 2,800 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was bought at an average price of $42.74 per share, with a total value of $119,672.00. Following the completion of the purchase, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick P. Gelsinger bought 3,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were acquired at an average cost of $43.36 per share, with a total value of $130,080.00. Following the purchase, the chief executive officer now owns 28,475 shares of the company’s stock, valued at $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by company insiders.

Intel Stock Performance

Shares of INTC stock traded up $0.64 during mid-day trading on Wednesday, reaching $34.92. The stock had a trading volume of 13,090,978 shares, compared to its average volume of 46,491,066. The business’s fifty day moving average is $41.48 and its 200-day moving average is $42.36. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. The firm has a market cap of $147.64 billion, a price-to-earnings ratio of 89.62, a PEG ratio of 3.09 and a beta of 1.00. Intel Co. has a 1-year low of $26.85 and a 1-year high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.27 by $0.27. The company had revenue of $15.40 billion for 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%. Intel’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company earned $0.10 earnings per share. On average, research analysts forecast that Intel Co. will post 0.61 earnings per share for the current year.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.43%. Intel’s payout ratio is 128.21%.

Wall Street Analyst Weigh In

INTC has been the topic of a number of research analyst reports. Raymond James decreased their target price on Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. Stifel Nicolaus reissued a “hold” rating and set a $45.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. UBS Group boosted their price objective on Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Monday, April 1st. Mizuho reduced their price objective on Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Finally, HSBC reduced their price objective on Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday. Four research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $42.38.

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.