Community Bank of Raymore Buys Shares of 5,000 Intel Co. (NASDAQ:INTC)

Community Bank of Raymore acquired a new position in shares of Intel Co. (NASDAQ:INTC) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 5,000 shares of the chip maker’s stock, valued at approximately $221,000.

Several other institutional investors and hedge funds have also made changes to their positions in INTC. Slow Capital Inc. lifted its position in Intel by 0.9% during the fourth quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock valued at $2,749,000 after purchasing an additional 508 shares during the period. Altus Wealth Group LLC lifted its position in Intel by 29.4% during the fourth quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock valued at $1,272,000 after purchasing an additional 5,759 shares during the period. Orion Portfolio Solutions LLC lifted its position in Intel by 3.1% during the fourth quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock valued at $4,764,000 after purchasing an additional 2,915 shares during the period. Alera Investment Advisors LLC acquired a new position in Intel during the fourth quarter valued at $201,000. Finally, Callan Capital LLC lifted its position in Intel by 9.1% during the fourth quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock valued at $884,000 after purchasing an additional 1,474 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger bought 4,100 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was 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 of the company’s stock, valued at $1,192,668.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Intel news, CEO Patrick P. Gelsinger acquired 4,000 shares of Intel stock in a transaction dated Monday, April 29th. The stock was bought 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 owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick P. Gelsinger acquired 4,100 shares of Intel stock in a transaction dated Wednesday, May 1st. The stock was acquired 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 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 currently owned by corporate insiders.

Intel Stock Down 0.5 %

Shares of INTC traded down $0.16 during trading hours on Wednesday, reaching $30.58. The company’s stock had a trading volume of 3,532,577 shares, compared to its average volume of 46,796,887. The firm has a market cap of $130.18 billion, a price-to-earnings ratio of 32.02, a P/E/G ratio of 14.57 and a beta of 1.06. Intel Co. has a 1-year low of $29.73 and a 1-year high of $51.28. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The company has a 50 day moving average of $31.34 and a two-hundred day moving average of $39.75.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Intel had a return on equity of 2.19% and a net margin of 7.36%. The firm had revenue of $12.72 billion during the quarter, compared to analyst estimates of $12.76 billion. As a group, research analysts predict that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Dividend Announcement

The company also recently disclosed 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 was Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.64%. Intel’s dividend payout ratio is currently 52.08%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on INTC shares. Wedbush cut their price objective on shares of Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a report on Friday, April 26th. Mizuho cut their price objective on shares of Intel from $55.00 to $45.00 and set a “buy” rating for the company in a report on Friday, April 26th. Bank of America cut their target price on shares of Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. Jefferies Financial Group began coverage on shares of Intel in a research note on Monday, May 13th. They set a “hold” rating and a $34.00 target price for the company. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $50.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Three investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently 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.