Intel Co. (NASDAQ:INTC) Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. decreased its position in Intel Co. (NASDAQ:INTC) by 0.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 317,031 shares of the chip maker’s stock after selling 2,600 shares during the quarter. Intel accounts for about 2.1% of John G Ullman & Associates Inc.’s holdings, making the stock its 13th biggest holding. John G Ullman & Associates Inc.’s holdings in Intel were worth $14,003,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in INTC. Belpointe Asset Management LLC increased its stake in Intel by 3.6% in the third quarter. Belpointe Asset Management LLC now owns 12,199 shares of the chip maker’s stock valued at $434,000 after purchasing an additional 419 shares during the last quarter. Integrated Advisors Network LLC grew its position in shares of Intel by 4.1% during the third quarter. Integrated Advisors Network LLC now owns 25,308 shares of the chip maker’s stock worth $900,000 after acquiring an additional 1,004 shares during the last quarter. Brown Shipley& Co Ltd grew its position in shares of Intel by 17.5% during the third quarter. Brown Shipley& Co Ltd now owns 140,389 shares of the chip maker’s stock worth $4,991,000 after acquiring an additional 20,884 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC purchased a new position in shares of Intel during the third quarter worth approximately $453,000. Finally, Public Sector Pension Investment Board grew its position in shares of Intel by 127.8% during the third quarter. Public Sector Pension Investment Board now owns 1,498,607 shares of the chip maker’s stock worth $53,275,000 after acquiring an additional 840,614 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Price Performance

Shares of NASDAQ:INTC traded down $1.37 during midday trading on Thursday, hitting $33.50. 55,083,593 shares of the stock were exchanged, compared to its average volume of 47,225,066. The stock has a market cap of $142.61 billion, a P/E ratio of 34.90, a PEG ratio of 16.20 and a beta of 1.05. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. Intel Co. has a twelve month low of $29.73 and a twelve month high of $51.28. The company has a 50 day moving average price of $31.09 and a 200-day moving average price of $38.69.

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, research analysts forecast that Intel Co. will post 0.09 earnings per share for the current year.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.49%. The ex-dividend date was Monday, May 6th. Intel’s dividend payout ratio (DPR) is 52.08%.

Insider Buying and Selling at Intel

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on INTC shares. Morgan Stanley lowered their target price on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. StockNews.com upgraded shares of Intel from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th. Truist Financial lowered their price objective on shares of Intel from $45.00 to $33.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. The Goldman Sachs Group lowered their price objective on shares of Intel from $34.00 to $30.00 and set a “sell” rating on the stock in a research report on Thursday, May 9th. Finally, Barclays lowered their price objective on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.58.

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.