Woodstock Corp decreased its position in shares of Intel Co. (NASDAQ:INTC – Get Rating) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,200 shares of the chip maker’s stock after selling 697 shares during the period. Woodstock Corp’s holdings in Intel were worth $772,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Grayhawk Investment Strategies Inc. bought a new position in Intel during the 2nd quarter worth $36,000. Lumature Wealth Partners LLC grew its holdings in shares of Intel by 146.7% during the 1st quarter. Lumature Wealth Partners LLC now owns 824 shares of the chip maker’s stock worth $41,000 after purchasing an additional 490 shares in the last quarter. O Dell Group LLC grew its holdings in shares of Intel by 258.1% during the 3rd quarter. O Dell Group LLC now owns 974 shares of the chip maker’s stock worth $25,000 after purchasing an additional 702 shares in the last quarter. Islay Capital Management LLC acquired a new stake in shares of Intel during the 3rd quarter worth $26,000. Finally, Mach 1 Financial Group LLC acquired a new stake in shares of Intel during the 3rd quarter worth $29,000. Institutional investors own 59.48% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on INTC. Northland Securities reduced their target price on Intel from $52.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, January 27th. Barclays reduced their price objective on Intel from $30.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, January 27th. Wells Fargo & Company reduced their price objective on Intel from $32.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Friday, January 27th. Truist Financial reduced their price objective on Intel from $33.00 to $29.00 in a research note on Friday, January 27th. Finally, The Goldman Sachs Group set a $24.00 price objective on Intel in a research note on Friday, January 27th. Eight equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $29.38.
Intel Trading Down 1.2 %
Intel (NASDAQ:INTC – Get Rating) last announced its quarterly earnings data on Thursday, January 26th. The chip maker reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.10). Intel had a net margin of 12.71% and a return on equity of 7.45%. The firm had revenue of $14.04 billion during the quarter, compared to analyst estimates of $14.49 billion. During the same period last year, the business posted $1.09 EPS. The company’s revenue was down 31.6% on a year-over-year basis. As a group, equities analysts anticipate that Intel Co. will post 0.55 earnings per share for the current fiscal year.
Intel Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Sunday, May 7th will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, May 4th. This represents a $0.50 annualized dividend and a dividend yield of 1.68%. Intel’s payout ratio is 74.49%.
Insider Activity at Intel
In related news, CEO Patrick P. Gelsinger bought 9,700 shares of the business’s stock in a transaction that occurred on Thursday, February 23rd. The shares were bought at an average price of $25.68 per share, with a total value of $249,096.00. Following the completion of the transaction, the chief executive officer now directly owns 18,700 shares in the company, valued at $480,216. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Intel news, CFO David Zinsner acquired 1,800 shares of the business’s stock in a transaction on Monday, January 30th. The shares were acquired at an average price of $27.89 per share, with a total value of $50,202.00. Following the completion of the transaction, the chief financial officer now owns 17,450 shares in the company, valued at $486,680.50. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Patrick P. Gelsinger acquired 9,700 shares of the business’s stock in a transaction on Thursday, February 23rd. The stock was acquired at an average cost of $25.68 per share, for a total transaction of $249,096.00. Following the transaction, the chief executive officer now owns 18,700 shares of the company’s stock, valued at approximately $480,216. The disclosure for this purchase can be found here. Insiders have purchased a total of 20,500 shares of company stock valued at $549,768 over the last 90 days. Insiders own 0.02% of the company’s stock.
Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Network and Edge (NEX), Mobileye, Accelerated Computing Systems and Graphics (AXG), Intel Foundry Services (IFS), and All Other.
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