Lincoln Capital Corp Lowers Stake in Intel Co. (NASDAQ:INTC)

Lincoln Capital Corp lessened its stake in Intel Co. (NASDAQ:INTC) by 30.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,075 shares of the chip maker’s stock after selling 2,200 shares during the quarter. Lincoln Capital Corp’s holdings in Intel were worth $255,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in INTC. New Millennium Group LLC grew its holdings in shares of 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 purchasing an additional 231 shares during the period. Cornerstone Planning Group LLC purchased a new stake in shares of Intel in the 2nd quarter valued at $25,000. Legacy Financial Group LLC acquired a new position in Intel during the 3rd quarter worth about $30,000. Milestone Investment Advisors LLC purchased a new position in Intel during the 1st quarter valued at about $32,000. Finally, Raleigh Capital Management Inc. increased its stake in Intel by 62.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after buying an additional 362 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Up 4.2 %

NASDAQ INTC traded up $1.78 during trading hours on Wednesday, reaching $43.77. 50,973,957 shares of the company traded hands, compared to its average volume of 45,228,254. The company has a 50 day moving average of $43.98 and a two-hundred day moving average of $42.01. The stock has a market capitalization of $185.06 billion, a PE ratio of 112.23, a PEG ratio of 4.36 and a beta of 1.00. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS 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 business had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. During the same period last year, the firm earned $0.10 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, equities analysts expect that Intel Co. will post 0.64 earnings per share for the current year.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is presently 128.21%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Mizuho cut their price target on Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Susquehanna lifted their price objective on Intel from $38.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, January 18th. Raymond James cut their price target on shares of Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a report on Friday, January 26th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, January 26th. Finally, Wells Fargo & Company dropped their price objective on shares of Intel from $52.00 to $48.00 and set an “equal weight” rating for the company in a research note on Friday, January 26th. Four research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $41.48.

Insider Buying and Selling at Intel

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

Intel 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.