Simmons Bank Has $2.83 Million Holdings in Intel Co. (NASDAQ:INTC)

Simmons Bank cut its position in shares of Intel Co. (NASDAQ:INTC) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,209 shares of the chip maker’s stock after selling 4,439 shares during the quarter. Simmons Bank’s holdings in Intel were worth $2,825,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of INTC. Mackenzie Financial Corp grew its holdings in Intel by 31.5% in the third quarter. Mackenzie Financial Corp now owns 1,303,481 shares of the chip maker’s stock worth $46,521,000 after purchasing an additional 312,442 shares during the period. Cambridge Trust Co. grew its holdings in shares of Intel by 14.2% during the third quarter. Cambridge Trust Co. now owns 53,265 shares of the chip maker’s stock valued at $1,894,000 after buying an additional 6,636 shares during the last quarter. Value Partners Investments Inc. acquired a new position in shares of Intel during the third quarter valued at about $209,000. Washington Capital Management Inc. acquired a new position in shares of Intel during the third quarter valued at about $887,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Intel by 8.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,102,758 shares of the chip maker’s stock valued at $288,045,000 after buying an additional 651,421 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger purchased 4,100 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was acquired at an average price of $30.29 per share, with a total value of $124,189.00. Following the purchase, the chief executive officer now directly owns 39,375 shares in the company, valued at $1,192,668.75. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Patrick P. Gelsinger purchased 4,100 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was acquired at an average price of $30.29 per share, with a total value of $124,189.00. Following the purchase, the chief executive officer now directly owns 39,375 shares in the company, valued at $1,192,668.75. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 4,000 shares of the business’s stock in a transaction on 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 purchase, the chief executive officer now owns 35,275 shares in the company, valued at $1,108,340.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

INTC has been the subject of a number of analyst reports. Sanford C. Bernstein reduced their price objective on shares of Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a report on Friday, April 26th. HSBC reduced their price objective on shares of Intel from $44.00 to $37.00 and set a “hold” rating for the company in a report on Tuesday, April 23rd. Cantor Fitzgerald reissued a “neutral” rating and set a $50.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Benchmark reissued a “buy” rating and set a $62.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Finally, Wells Fargo & Company dropped their price target on shares of Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Four analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $39.75.

Intel Price Performance

NASDAQ:INTC traded down $0.29 during mid-day trading on Tuesday, hitting $30.68. 44,615,995 shares of the stock traded hands, compared to its average volume of 48,394,598. The business’s 50-day moving average price is $39.12 and its 200 day moving average price is $42.05. The company has a market cap of $130.60 billion, a PE ratio of 31.96, a price-to-earnings-growth ratio of 10.05 and a beta of 1.09. Intel Co. has a 12-month low of $26.85 and a 12-month 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.

Intel Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors 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 annualized dividend and a yield of 1.63%. Intel’s dividend payout ratio is currently 52.08%.

Intel Company 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.