NBC Securities Inc. Acquires 418 Shares of Intel Co. (NASDAQ:INTC)

NBC Securities Inc. grew its holdings in shares of Intel Co. (NASDAQ:INTC) by 2.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,681 shares of the chip maker’s stock after buying an additional 418 shares during the period. NBC Securities Inc.’s holdings in Intel were worth $736,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. VERITY Wealth Advisors boosted its stake in Intel by 3.8% in the 1st quarter. VERITY Wealth Advisors now owns 8,448 shares of the chip maker’s stock worth $373,000 after purchasing an additional 312 shares in the last quarter. Cullen Investment Group LTD. boosted its stake in Intel by 4.6% in the 1st quarter. Cullen Investment Group LTD. now owns 14,377 shares of the chip maker’s stock worth $632,000 after purchasing an additional 635 shares in the last quarter. Advance Capital Management Inc. boosted its stake in Intel by 4.8% in the 1st quarter. Advance Capital Management Inc. now owns 10,296 shares of the chip maker’s stock worth $455,000 after purchasing an additional 470 shares in the last quarter. Trust Co. of Toledo NA OH boosted its stake in Intel by 0.3% in the 1st quarter. Trust Co. of Toledo NA OH now owns 115,097 shares of the chip maker’s stock worth $5,084,000 after purchasing an additional 397 shares in the last quarter. Finally, Campbell Capital Management Inc. bought a new position in Intel in the 1st quarter worth about $6,895,000. Institutional investors own 64.53% of the company’s stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wolfe Research upgraded shares of Intel from an “underperform” rating to a “peer perform” rating in a research note on Thursday, May 16th. Evercore ISI decreased their target price 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. UBS Group boosted their target price on Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Wedbush decreased their target price 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, Truist Financial decreased their target price on Intel from $45.00 to $33.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Three analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $39.58.

Intel Trading Down 1.1 %

INTC stock opened at $30.63 on Thursday. Intel Co. has a 1-year low of $29.73 and a 1-year high of $51.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. The company has a market capitalization of $130.39 billion, a price-to-earnings ratio of 31.91, a PEG ratio of 14.60 and a beta of 1.06. The business has a 50 day simple moving average of $31.80 and a two-hundred day simple moving average of $40.08.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share 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 during the quarter, compared to the consensus estimate of $12.76 billion. Research analysts anticipate that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Dividend Announcement

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