Intel Co. (NASDAQ:INTC) Stock Holdings Raised by Greenleaf Trust

Greenleaf Trust lifted its stake in shares of Intel Co. (NASDAQ:INTC) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 146,874 shares of the chip maker’s stock after purchasing an additional 4,609 shares during the period. Greenleaf Trust’s holdings in Intel were worth $7,380,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in INTC. Moneta Group Investment Advisors LLC grew its position in shares of Intel by 100,953.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 51,133,863 shares of the chip maker’s stock valued at $1,351,468,000 after buying an additional 51,083,262 shares during the last quarter. Norges Bank acquired a new position in Intel in the fourth quarter valued at approximately $1,092,939,000. Clearbridge Investments LLC grew its holdings in shares of Intel by 4,407.3% during the first quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker’s stock valued at $814,727,000 after purchasing an additional 16,074,485 shares during the last quarter. Barclays PLC raised its position in shares of Intel by 171.1% during the 2nd quarter. Barclays PLC now owns 21,404,715 shares of the chip maker’s stock worth $715,773,000 after purchasing an additional 13,507,774 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of Intel by 29.8% in the 4th quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker’s stock worth $1,409,835,000 after purchasing an additional 12,241,200 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on INTC. Morgan Stanley upped their price objective on Intel from $39.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, January 26th. Barclays raised their price target on shares of Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 16th. Bank of America reduced their price objective on Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $45.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Four research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Intel has an average rating of “Hold” and an average target price of $42.62.

Intel Trading Down 2.4 %

INTC stock traded down $0.84 during mid-day trading on Friday, reaching $34.20. 58,975,320 shares of the stock traded hands, compared to its average volume of 47,020,445. The stock’s fifty day moving average is $42.03 and its 200-day moving average is $42.30. The company has a market cap of $144.60 billion, a P/E ratio of 88.23, a P/E/G ratio of 3.20 and a beta of 1.00. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. Intel Co. has a 52-week low of $26.85 and a 52-week high of $51.28.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The firm had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same period last year, the company posted $0.10 EPS. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, sell-side analysts expect that Intel Co. will post 0.61 earnings per share for the current year.

Intel Dividend Announcement

The business 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. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is presently 128.21%.

Insider Buying and Selling

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

About Intel

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.