Intel Co. (NASDAQ:INTC) Holdings Trimmed by DecisionPoint Financial LLC

DecisionPoint Financial LLC lowered its position in shares of Intel Co. (NASDAQ:INTC) by 88.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 532 shares of the chip maker’s stock after selling 3,915 shares during the quarter. DecisionPoint Financial LLC’s holdings in Intel were worth $27,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. New Millennium Group LLC boosted its position in Intel by 87.2% during the 4th 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 period. Cornerstone Planning Group LLC bought a new position in shares of Intel in the 2nd quarter valued at approximately $25,000. Legacy Financial Group LLC bought a new position in shares of Intel in the 3rd quarter valued at approximately $30,000. Milestone Investment Advisors LLC bought a new position in shares of Intel in the 1st quarter valued at approximately $32,000. Finally, Raleigh Capital Management Inc. raised its stake in shares of 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 acquiring an additional 362 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the acquisition, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Intel news, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction on Thursday, February 1st. The stock was purchased at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the purchase, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of Intel stock in a transaction on Monday, January 29th. The stock was acquired at an average price of $43.36 per share, with a total value of $130,080.00. Following the purchase, the chief executive officer now directly owns 28,475 shares in the company, valued at $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by corporate insiders.

Intel Stock Performance

Intel stock traded down $0.55 during mid-day trading on Wednesday, hitting $35.71. 18,629,201 shares of the company’s stock traded hands, compared to its average volume of 46,609,320. The firm has a 50 day simple moving average of $42.32 and a two-hundred day simple moving average of $42.40. Intel Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28. The stock has a market cap of $150.98 billion, a price-to-earnings ratio of 91.80, a P/E/G ratio of 3.21 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 (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The company had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter last year, the firm earned $0.10 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. On average, research analysts expect that Intel Co. will post 0.62 EPS for the current fiscal year.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s payout ratio is 128.21%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on INTC. Barclays raised their price objective on Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 16th. Benchmark reaffirmed a “buy” rating and issued a $62.00 target price on shares of Intel in a report on Wednesday, April 3rd. Citigroup lowered their target price on Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a report on Monday. TD Cowen lowered their target price on Intel from $45.00 to $42.00 and set a “market perform” rating on the stock in a report on Friday, January 26th. Finally, Evercore ISI started coverage on Intel in a report on Tuesday. They issued an “in-line” rating and a $40.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $42.69.

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.