Intel Co. (NASDAQ:INTC) Holdings Decreased by Court Place Advisors LLC

Court Place Advisors LLC decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,411 shares of the chip maker’s stock after selling 945 shares during the quarter. Intel accounts for approximately 1.4% of Court Place Advisors LLC’s holdings, making the stock its 17th biggest position. Court Place Advisors LLC’s holdings in Intel were worth $4,342,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. New Millennium Group LLC grew its stake in Intel by 87.2% in the fourth 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. Cornerstone Planning Group LLC purchased a new position in Intel in the second quarter valued at about $25,000. Legacy Financial Group LLC acquired a new stake in shares of Intel in the third quarter worth about $30,000. Milestone Investment Advisors LLC acquired a new stake in shares of Intel in the first quarter worth about $32,000. Finally, Raleigh Capital Management Inc. lifted its position in shares of Intel by 62.8% in the third 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 last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Trading Down 1.6 %

Intel stock traded down $0.58 during mid-day trading on Wednesday, hitting $35.68. 41,140,963 shares of the company’s stock were exchanged, compared to its average volume of 46,921,805. The firm has a market capitalization of $150.86 billion, a P/E ratio of 91.28, a PEG ratio of 3.21 and a beta of 1.00. Intel Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. The company’s 50 day simple moving average is $42.32 and its 200-day simple moving average is $42.40.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.27 by $0.27. The business had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS. On average, equities analysts anticipate that Intel Co. will post 0.62 earnings per share for the current year.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is presently 128.21%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

INTC has been the subject of several research analyst reports. HSBC cut their price objective on Intel from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Friday, January 26th. The Goldman Sachs Group upped their price target on Intel from $34.00 to $39.00 and gave the company a “sell” rating in a report on Friday, January 26th. Benchmark reaffirmed a “buy” rating and issued a $62.00 price target on shares of Intel in a report on Wednesday, April 3rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price target on shares of Intel in a report on Wednesday, April 3rd. Finally, Susquehanna lowered their price objective on Intel from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday. Four equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus target price of $42.62.

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.