Dakota Community Bank & Trust NA Decreases Stock Holdings in Intel Co. (NASDAQ:INTC)

Dakota Community Bank & Trust NA trimmed its holdings in shares of Intel Co. (NASDAQ:INTC – Get Rating) by 10.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,417 shares of the chip maker’s stock after selling 536 shares during the quarter. Dakota Community Bank & Trust NA’s holdings in Intel were worth $117,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Butensky & Cohen Financial Security Inc. increased its position in Intel by 12.4% in the third quarter. Butensky & Cohen Financial Security Inc. now owns 97,399 shares of the chip maker’s stock worth $2,510,000 after buying an additional 10,758 shares during the last quarter. Martin & Co. Inc. TN increased its position in Intel by 1.7% in the third quarter. Martin & Co. Inc. TN now owns 24,335 shares of the chip maker’s stock worth $627,000 after buying an additional 402 shares during the last quarter. AdvisorNet Financial Inc increased its position in Intel by 6.3% in the third quarter. AdvisorNet Financial Inc now owns 40,942 shares of the chip maker’s stock worth $1,055,000 after buying an additional 2,422 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in Intel in the third quarter worth $896,000. Finally, HBW Advisory Services LLC increased its position in Intel by 15.8% in the third quarter. HBW Advisory Services LLC now owns 35,864 shares of the chip maker’s stock worth $924,000 after buying an additional 4,899 shares during the last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Intel

In other Intel news, CFO David Zinsner purchased 1,800 shares of Intel stock in a transaction that occurred on Monday, January 30th. The shares were bought at an average price of $27.89 per share, for a total transaction of $50,202.00. Following the acquisition, the chief financial officer now directly owns 17,450 shares in the company, valued at $486,680.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Intel news, CEO Patrick P. Gelsinger purchased 9,000 shares of Intel stock in a transaction that occurred on Tuesday, January 31st. The shares were bought at an average price of $27.83 per share, for a total transaction of $250,470.00. Following the acquisition, the chief executive officer now directly owns 9,000 shares in the company, valued at $250,470. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David Zinsner purchased 1,800 shares of Intel stock in a transaction that occurred on Monday, January 30th. The shares were acquired at an average price of $27.89 per share, for a total transaction of $50,202.00. Following the acquisition, the chief financial officer now owns 17,450 shares in the company, valued at $486,680.50. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 20,500 shares of company stock worth $549,768. Company insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

INTC has been the subject of a number of recent research reports. Wells Fargo & Company decreased their target price on Intel from $32.00 to $26.00 and set an “equal weight” rating for the company in a research report on Friday, January 27th. Cowen assumed coverage on Intel in a research report on Monday, November 21st. They issued a “market perform” rating and a $31.00 price target for the company. Rosenblatt Securities reduced their price target on Intel from $20.00 to $17.00 and set a “sell” rating for the company in a research report on Friday, January 27th. Raymond James assumed coverage on Intel in a research report on Wednesday, March 1st. They issued an “outperform” rating and a $30.00 price target for the company. Finally, Bank of America reduced their price target on Intel from $28.00 to $25.00 and set an “underperform” rating for the company in a research report on Friday, January 27th. Eight research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $29.38.

Intel Stock Down 1.2 %

INTC opened at $29.81 on Friday. The company has a market cap of $123.32 billion, a P/E ratio of 15.21, a P/E/G ratio of 8.95 and a beta of 0.81. The business’s 50-day moving average price is $28.09 and its 200-day moving average price is $28.14. The company has a current ratio of 1.57, a quick ratio of 1.16 and a debt-to-equity ratio of 0.36. Intel Co. has a 12 month low of $24.59 and a 12 month high of $52.51.

Intel (NASDAQ:INTC – Get Rating) last released its quarterly earnings data on Thursday, January 26th. The chip maker reported $0.10 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.10). The company had revenue of $14.04 billion during the quarter, compared to analysts’ expectations of $14.49 billion. Intel had a return on equity of 7.45% and a net margin of 12.71%. The firm’s quarterly revenue was down 31.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 EPS. On average, equities analysts expect that Intel Co. will post 0.55 EPS for the current year.

Intel Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Sunday, May 7th will be issued a $0.125 dividend. The ex-dividend date is Thursday, May 4th. This represents a $0.50 annualized dividend and a dividend yield of 1.68%. Intel’s dividend payout ratio is currently 74.49%.

About Intel

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Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Network and Edge (NEX), Mobileye, Accelerated Computing Systems and Graphics (AXG), Intel Foundry Services (IFS), and All Other.