Home Federal Bank of Tennessee Increases Stock Position in Intel Co. (NASDAQ:INTC)

Home Federal Bank of Tennessee lifted its holdings in shares of Intel Co. (NASDAQ:INTC) by 12.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,955 shares of the chip maker’s stock after acquiring an additional 2,409 shares during the period. Home Federal Bank of Tennessee’s holdings in Intel were worth $970,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. New Millennium Group LLC grew its position in shares of Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after acquiring an additional 231 shares during the last quarter. Frazier Financial Advisors LLC purchased a new position in shares of Intel during the fourth quarter worth approximately $27,000. Burkett Financial Services LLC purchased a new position in Intel in the 4th quarter valued at $27,000. Raleigh Capital Management Inc. grew its position in Intel by 62.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after buying an additional 362 shares during the last quarter. Finally, Valued Wealth Advisors LLC purchased a new position in Intel in the 4th quarter valued at $36,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Price Performance

INTC stock traded up $0.38 during trading on Friday, hitting $30.97. The stock had a trading volume of 41,467,675 shares, compared to its average volume of 40,390,884. The company’s 50 day moving average price is $31.08 and its two-hundred day moving average price is $39.50. Intel Co. has a 1-year low of $29.73 and a 1-year high of $51.28. The stock has a market cap of $131.84 billion, a price-to-earnings ratio of 32.26, a price-to-earnings-growth ratio of 14.76 and a beta of 1.06. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Intel had a net margin of 7.36% and a return on equity of 2.19%. The firm had revenue of $12.72 billion during the quarter, compared to analyst estimates of $12.76 billion. On average, sell-side analysts forecast that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s dividend payout ratio is currently 52.08%.

Insider Activity

In related news, CEO Patrick P. Gelsinger acquired 4,100 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was bought 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 approximately $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 acquired 4,100 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was bought 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 approximately $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 acquired 4,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were 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. Corporate insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

INTC has been the topic of a number of analyst reports. Citigroup lowered 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. Wolfe Research upgraded shares of Intel from an “underperform” rating to a “peer perform” rating in a research report on Thursday, May 16th. Susquehanna lowered their price objective on shares of Intel from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Finally, Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $39.58.

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.