Intel Co. (NASDAQ:INTC) Shares Acquired by Webster Bank N. A.

Webster Bank N. A. raised its stake in shares of Intel Co. (NASDAQ:INTCFree Report) by 8.1% during the fourth quarter, HoldingsChannel reports. The firm owned 19,921 shares of the chip maker’s stock after purchasing an additional 1,500 shares during the quarter. Webster Bank N. A.’s holdings in Intel were worth $1,001,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Moneta Group Investment Advisors LLC increased its stake in shares of Intel by 100,953.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 51,133,863 shares of the chip maker’s stock worth $1,351,468,000 after acquiring an additional 51,083,262 shares during the period. Norges Bank acquired a new stake in shares of Intel in the fourth quarter worth $1,092,939,000. Clearbridge Investments LLC increased its stake in shares of Intel by 4,407.3% in the first quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker’s stock worth $814,727,000 after acquiring an additional 16,074,485 shares during the period. Barclays PLC increased its stake in shares of Intel by 171.1% in the second quarter. Barclays PLC now owns 21,404,715 shares of the chip maker’s stock worth $715,773,000 after acquiring an additional 13,507,774 shares during the period. Finally, Morgan Stanley increased its stake in shares of Intel by 29.8% in the fourth quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker’s stock worth $1,409,835,000 after acquiring an additional 12,241,200 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Down 8.2 %

INTC opened at $40.33 on Thursday. The firm has a 50 day moving average price of $43.63 and a 200 day moving average price of $42.21. The company has a market cap of $170.52 billion, a PE ratio of 103.41, a price-to-earnings-growth ratio of 4.58 and a beta of 1.00. Intel Co. has a 1 year low of $26.85 and a 1 year high of $51.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54.

Intel (NASDAQ:INTCGet Free Report) last posted its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 3.11% and a return on equity of 1.64%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.10 earnings per share. Sell-side analysts expect that Intel Co. will post 0.64 earnings per share for the current year.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is 128.21%.

Analyst Ratings Changes

INTC has been the topic of a number of recent analyst reports. HSBC lowered their price target on shares of Intel from $46.00 to $44.00 and set a “hold” rating on the stock in a report on Friday, January 26th. Cantor Fitzgerald reissued a “neutral” rating and set a $50.00 price target on shares of Intel in a report on Wednesday. UBS Group increased their price target on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday. TD Cowen lowered their price target on shares of Intel from $45.00 to $42.00 and set a “market perform” rating on the stock in a report on Friday, January 26th. Finally, Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $32.00 to $50.00 in a report on Friday, December 15th. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $42.86.

Read Our Latest Report on Intel

Insider Buying and Selling

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

Intel Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTCFree Report).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.