Intel Co. (NASDAQ:INTC) Shares Sold by Howland Capital Management LLC

Howland Capital Management LLC trimmed its holdings in Intel Co. (NASDAQ:INTC) by 2.3% during the first quarter, Holdings Channel reports. The institutional investor owned 24,926 shares of the chip maker’s stock after selling 596 shares during the period. Howland Capital Management LLC’s holdings in Intel were worth $1,101,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. New Millennium Group LLC lifted its stake in shares of Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares in the last quarter. Burkett Financial Services LLC purchased a new stake in shares of Intel during the 4th quarter valued at about $27,000. Frazier Financial Advisors LLC purchased a new stake in shares of Intel during the 4th quarter valued at about $27,000. Tributary Capital Management LLC purchased a new stake in shares of Intel during the 1st quarter valued at about $27,000. Finally, Valued Wealth Advisors LLC purchased a new stake in shares of Intel during the 4th quarter valued at about $36,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on INTC. Bank of America dropped their target price on Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. Rosenblatt Securities reiterated a “sell” rating and set a $17.00 target price on shares of Intel in a report on Friday, April 26th. Wells Fargo & Company dropped their price objective on Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Mizuho dropped their price objective on Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $50.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Three investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus price target of $39.58.

Insider Transactions at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average cost of $31.42 per share, with a total value of $125,680.00. Following the completion of the transaction, the chief executive officer now owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger purchased 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average cost of $31.42 per share, with a total value of $125,680.00. Following the completion of the transaction, the chief executive officer now owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 4,100 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were acquired at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the transaction, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

Intel Price Performance

Shares of INTC traded down $1.37 during midday trading on Thursday, reaching $33.50. The stock had a trading volume of 55,083,593 shares, compared to its average volume of 47,225,066. Intel Co. has a 52 week low of $29.73 and a 52 week high of $51.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. The firm’s 50 day moving average price is $31.03 and its 200-day moving average price is $38.73. The company has a market capitalization of $142.61 billion, a P/E ratio of 35.48, a P/E/G ratio of 16.20 and a beta of 1.05.

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

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 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 1.49%. The ex-dividend date was Monday, May 6th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

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.