Carret Asset Management LLC Decreases Position in Intel Co. (NASDAQ:INTC)

Carret Asset Management LLC reduced its stake in shares of Intel Co. (NASDAQ:INTC – Get Rating) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 185,025 shares of the chip maker’s stock after selling 4,199 shares during the quarter. Carret Asset Management LLC’s holdings in Intel were worth $4,890,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Butensky & Cohen Financial Security Inc. grew its stake in shares of Intel by 12.4% during the third quarter. Butensky & Cohen Financial Security Inc. now owns 97,399 shares of the chip maker’s stock valued at $2,510,000 after acquiring an additional 10,758 shares in the last quarter. Martin & Co. Inc. TN boosted its holdings in Intel by 1.7% in the third quarter. Martin & Co. Inc. TN now owns 24,335 shares of the chip maker’s stock valued at $627,000 after purchasing an additional 402 shares during the last quarter. AdvisorNet Financial Inc grew its stake in Intel by 6.3% during the 3rd quarter. AdvisorNet Financial Inc now owns 40,942 shares of the chip maker’s stock valued at $1,055,000 after purchasing an additional 2,422 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in Intel during the 3rd quarter worth approximately $896,000. Finally, HBW Advisory Services LLC raised its position in shares of Intel by 15.8% in the 3rd quarter. HBW Advisory Services LLC now owns 35,864 shares of the chip maker’s stock valued at $924,000 after purchasing an additional 4,899 shares in the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger bought 9,700 shares of the firm’s stock in a transaction that occurred on Thursday, February 23rd. The stock was purchased at an average price of $25.68 per share, for a total transaction of $249,096.00. Following the transaction, the chief executive officer now directly owns 18,700 shares of the company’s stock, valued at approximately $480,216. 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 9,000 shares of Intel stock in a transaction dated Tuesday, January 31st. The stock was bought at an average price of $27.83 per share, for a total transaction of $250,470.00. Following the transaction, the chief executive officer now owns 9,000 shares in the company, valued at approximately $250,470. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger acquired 9,700 shares of Intel stock in a transaction dated Thursday, February 23rd. The shares were acquired at an average price of $25.68 per share, with a total value of $249,096.00. Following the transaction, the chief executive officer now owns 18,700 shares in the company, valued at approximately $480,216. The disclosure for this purchase can be found here. Insiders purchased 20,500 shares of company stock worth $549,768 in the last 90 days. Corporate insiders own 0.02% of the company’s stock.

Intel Stock Down 1.2 %

Intel stock opened at $29.81 on Friday. The company has a 50-day simple moving average of $28.09 and a 200-day simple moving average of $28.14. The firm has a market capitalization of $123.32 billion, a P/E ratio of 15.21, a P/E/G ratio of 8.95 and a beta of 0.81. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.16 and a current ratio of 1.57. Intel Co. has a one year low of $24.59 and a one year high of $52.51.

Intel (NASDAQ:INTC – Get Rating) last announced its earnings results on Thursday, January 26th. The chip maker reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.10). The company had revenue of $14.04 billion during the quarter, compared to the consensus estimate of $14.49 billion. Intel had a net margin of 12.71% and a return on equity of 7.45%. The business’s quarterly revenue was down 31.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS. As a group, equities analysts expect that Intel Co. will post 0.55 earnings per share for the current 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 $0.125 dividend. The ex-dividend date is Thursday, May 4th. This represents a $0.50 dividend on an annualized basis and a yield of 1.68%. Intel’s dividend payout ratio is presently 74.49%.

Analyst Ratings Changes

A number of research firms have recently weighed in on INTC. Robert W. Baird decreased their price target on shares of Intel from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, January 27th. Northland Securities cut their price target on shares of Intel from $52.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, January 27th. Wells Fargo & Company cut their price target on shares of Intel from $32.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday, January 27th. Rosenblatt Securities cut their price target on shares of Intel from $20.00 to $17.00 and set a “sell” rating on the stock in a report on Friday, January 27th. Finally, Evercore ISI set a $30.00 price target on shares of Intel in a report on Wednesday, November 23rd. Eight analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $29.38.

Intel Profile

(Get Rating)

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.