Citizens Financial Group Inc. RI Purchases 10,516 Shares of Intel Co. (NASDAQ:INTC)

Citizens Financial Group Inc. RI raised its position in shares of Intel Co. (NASDAQ:INTC) by 31.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,570 shares of the chip maker’s stock after acquiring an additional 10,516 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Intel were worth $2,189,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. New Millennium Group LLC boosted its position in Intel by 87.2% during the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after acquiring an additional 231 shares in the last quarter. Valued Wealth Advisors LLC purchased a new position in shares of Intel during the fourth quarter valued at approximately $36,000. Legacy Financial Group LLC purchased a new position in shares of Intel during the third quarter valued at approximately $30,000. Raleigh Capital Management Inc. lifted its holdings in shares of Intel by 62.8% during the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after purchasing an additional 362 shares during the last quarter. Finally, Financial Connections Group Inc. purchased a new position in shares of Intel during the fourth quarter valued at approximately $52,000. 64.53% of the stock is owned by institutional investors.

Insider Activity

In other Intel news, CEO Patrick P. Gelsinger bought 3,000 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were purchased at an average price of $43.36 per share, with a total value of $130,080.00. Following the completion of the purchase, the chief executive officer now owns 28,475 shares in the company, valued at approximately $1,234,676. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Patrick P. Gelsinger acquired 2,800 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average price of $42.74 per share, with a total value of $119,672.00. Following the completion of the purchase, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the purchase, the chief executive officer now owns 28,475 shares of the company’s stock, valued at $1,234,676. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Susquehanna lowered their target price on shares of Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Friday. Cantor Fitzgerald reiterated a “neutral” rating and set a $50.00 target price on shares of Intel in a report on Wednesday, April 3rd. UBS Group lifted their target price on shares of Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Sanford C. Bernstein lowered their target price on shares of Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a report on Friday. Finally, Truist Financial decreased their price objective on shares of Intel from $45.00 to $33.00 and set a “hold” rating for the company in a report on Friday. Four research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Intel has an average rating of “Hold” and an average target price of $39.75.

Intel Trading Down 9.2 %

INTC stock traded down $3.23 during midday trading on Friday, reaching $31.88. 119,742,494 shares of the company traded hands, compared to its average volume of 50,613,192. Intel Co. has a 52-week low of $26.85 and a 52-week 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. The business has a 50 day moving average of $40.88 and a 200-day moving average of $42.23. The firm has a market capitalization of $134.79 billion, a price-to-earnings ratio of 33.21, a P/E/G ratio of 3.19 and a beta of 1.00.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. The firm had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. Intel had a return on equity of 2.22% and a net margin of 7.36%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 earnings per share. As a group, sell-side analysts expect that Intel Co. will post 0.6 earnings per share for the current fiscal year.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be paid a dividend of $0.125 per share. The ex-dividend date is Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.57%. Intel’s dividend payout ratio is 52.08%.

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.