Intel Co. (NASDAQ:INTC) CEO Patrick P. Gelsinger Acquires 4,000 Shares of Stock

Intel Co. (NASDAQ:INTC) CEO Patrick P. Gelsinger bought 4,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the purchase, the chief executive officer now owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Intel Price Performance

INTC opened at $30.37 on Thursday. Intel Co. has a 1 year low of $26.85 and a 1 year high of $51.28. The stock has a 50-day moving average price of $40.09 and a 200-day moving average price of $42.14. The firm has a market cap of $129.29 billion, a PE ratio of 31.64, a P/E/G ratio of 8.39 and a beta of 1.09. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14.

Intel Announces Dividend

The company 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 $0.125 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.65%. Intel’s dividend payout ratio is presently 52.08%.

Institutional Investors Weigh In On Intel

Institutional investors have recently made changes to their positions in the company. Slow Capital Inc. raised its stake in shares of Intel by 0.9% in the fourth quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock worth $2,749,000 after purchasing an additional 508 shares during the last quarter. Altus Wealth Group LLC raised its position in Intel by 29.4% in the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after buying an additional 5,759 shares during the last quarter. Alera Investment Advisors LLC bought a new position in Intel during the 4th quarter valued at about $201,000. Callan Capital LLC boosted its holdings in shares of Intel by 9.1% during the 4th quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock valued at $884,000 after acquiring an additional 1,474 shares during the last quarter. Finally, Vanguard Capital Wealth Advisors grew its stake in shares of Intel by 1.3% in the third quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock worth $1,613,000 after acquiring an additional 574 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. HSBC lowered their price objective on shares of Intel from $44.00 to $37.00 and set a “hold” rating for the company in a research note on Tuesday, April 23rd. Truist Financial dropped their price objective on Intel from $45.00 to $33.00 and set a “hold” rating for the company in a report on Friday, April 26th. Benchmark reissued a “buy” rating and set a $62.00 target price on shares of Intel in a research note on Wednesday, April 3rd. Evercore ISI dropped their price target on Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a research note on Friday, April 26th. Finally, Citigroup reduced their price objective on shares of Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Four 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $39.75.

About Intel

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.