Intel Co. (NASDAQ:INTC) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 23.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,883,056 shares of the chip maker's stock after purchasing an additional 358,196 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Intel were worth $94,624,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of INTC. New Millennium Group LLC raised its holdings in Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker's stock worth $25,000 after purchasing an additional 231 shares during the period. Cornerstone Planning Group LLC acquired a new position in shares of Intel during the second quarter valued at approximately $25,000. Legacy Financial Group LLC acquired a new position in shares of Intel during the third quarter valued at approximately $30,000. Milestone Investment Advisors LLC acquired a new position in shares of Intel during the first quarter valued at approximately $32,000. Finally, Raleigh Capital Management Inc. raised 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 acquiring an additional 362 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Insider Buying and Selling at Intel

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

Analysts Set New Price Targets

A number of equities analysts have commented on the company. UBS Group increased their target price on Intel from $46.00 to $50.00 and gave the company a "neutral" rating in a report on Monday, April 1st. TD Cowen reduced their target price on Intel from $45.00 to $42.00 and set a "market perform" rating for the company in a report on Friday, January 26th. Mizuho dropped their price target on Intel from $58.00 to $55.00 and set a "buy" rating for the company in a research report on Friday, January 26th. HSBC dropped their price target on Intel from $46.00 to $44.00 and set a "hold" rating for the company in a research report on Friday, January 26th. Finally, Raymond James dropped their price target on Intel from $54.00 to $52.00 and set an "outperform" rating for the company in a research report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $42.69.

Intel Stock Down 0.1 %

Shares of NASDAQ INTC traded down $0.05 during mid-day trading on Tuesday, hitting $36.26. The company had a trading volume of 30,577,853 shares, compared to its average volume of 47,000,832. The company has a market capitalization of $153.31 billion, a PE ratio of 92.98, a price-to-earnings-growth ratio of 3.16 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. Intel Co. has a 1-year low of $26.85 and a 1-year high of $51.28. The business's 50-day simple moving average is $42.32 and its 200 day simple moving average is $42.40.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The business had revenue of $15.40 billion for the quarter, compared to analysts' expectations of $15.16 billion. During the same period last year, the firm earned $0.10 earnings per share. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. On average, analysts predict that Intel Co. will post 0.62 earnings per share for the current year.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Tuesday, February 6th. Intel's dividend payout ratio is presently 128.21%.

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.