Intel Co. (NASDAQ:INTC) Stock Holdings Trimmed by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. reduced its position in Intel Co. (NASDAQ:INTC) by 10.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,894 shares of the chip maker’s stock after selling 7,397 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Intel were worth $2,955,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INTC. Frazier Financial Advisors LLC bought a new stake in Intel in the fourth quarter valued at about $27,000. Burkett Financial Services LLC bought a new position in shares of Intel during the fourth quarter valued at approximately $27,000. Tributary Capital Management LLC bought a new position in shares of Intel during the first quarter valued at approximately $27,000. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Intel during the first quarter valued at approximately $36,000. Finally, Signature Resources Capital Management LLC bought a new position in shares of Intel during the fourth quarter valued at approximately $37,000. 64.53% of the stock is owned by institutional investors.

Intel Price Performance

Shares of NASDAQ:INTC traded down $7.57 on Friday, reaching $21.48. 300,895,920 shares of the company traded hands, compared to its average volume of 60,137,096. Intel Co. has a fifty-two week low of $20.42 and a fifty-two week high of $51.28. The company’s 50 day moving average is $31.35 and its 200-day moving average is $36.77. The stock has a market capitalization of $91.44 billion, a PE ratio of 22.38, a P/E/G ratio of 17.38 and a beta of 1.05. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.33%. The ex-dividend date is Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is currently 52.08%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Barclays lowered their target price on Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday. TD Cowen lowered their target price on Intel from $35.00 to $25.00 and set a “hold” rating for the company in a report on Friday. Mizuho decreased their price objective on Intel from $55.00 to $45.00 and set a “buy” rating for the company in a report on Friday, April 26th. New Street Research lowered Intel from a “buy” rating to a “neutral” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Intel from $38.00 to $27.00 and set a “hold” rating for the company in a report on Friday. Five analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $33.41.

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.