Intel Co. (NASDAQ:INTC) Shares Sold by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. lowered its holdings in shares of Intel Co. (NASDAQ:INTC) by 2.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,349 shares of the chip maker’s stock after selling 2,387 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Intel were worth $3,682,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of INTC. Slow Capital Inc. raised its position in Intel by 0.9% during the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock worth $2,749,000 after buying an additional 508 shares during the last quarter. Altus Wealth Group LLC raised its position in Intel by 29.4% during the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after buying an additional 5,759 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in Intel by 3.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock worth $4,764,000 after buying an additional 2,915 shares during the last quarter. Alera Investment Advisors LLC purchased a new position in Intel during the 4th quarter worth $201,000. Finally, Brookstone Capital Management raised its position in Intel by 65.2% during the 1st quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock worth $3,052,000 after buying an additional 27,274 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Activity at Intel

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

Intel Stock Performance

Shares of NASDAQ INTC opened at $31.07 on Wednesday. Intel Co. has a 12 month low of $29.73 and a 12 month high of $51.28. The company has a 50-day simple moving average of $31.01 and a 200-day simple moving average of $39.36. The company has a market cap of $132.26 billion, a PE ratio of 32.36, a price-to-earnings-growth ratio of 14.76 and a beta of 1.05. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14.

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

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Investors 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 dividend on an annualized basis and a yield of 1.61%. Intel’s payout ratio is 52.08%.

Analysts Set New Price Targets

A number of equities analysts have commented on INTC shares. 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 research report on Monday, April 15th. Barclays cut their price objective on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. The Goldman Sachs Group reduced their price objective on shares of Intel from $34.00 to $30.00 and set a “sell” rating for the company in a research note on Thursday, May 9th. Benchmark reiterated a “buy” rating and issued a $62.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. Finally, Truist Financial reduced their price objective on shares of Intel from $45.00 to $33.00 and set a “hold” rating for the company in a research note on Friday, April 26th. Three 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $39.58.

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.