NewSquare Capital LLC Sells 306 Shares of Intel Co. (NASDAQ:INTC)

NewSquare Capital LLC reduced its stake in Intel Co. (NASDAQ:INTC) by 0.3% during the 4th quarter, Holdings Channel reports. The firm owned 93,131 shares of the chip maker’s stock after selling 306 shares during the period. NewSquare Capital LLC’s holdings in Intel were worth $4,619,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Perspectives Inc lifted its holdings in Intel by 7.6% during the fourth quarter. Financial Perspectives Inc now owns 5,221 shares of the chip maker’s stock worth $262,000 after acquiring an additional 369 shares in the last quarter. GAMMA Investing LLC bought a new position in Intel during the fourth quarter worth about $1,345,000. Eudaimonia Advisors LLC lifted its holdings in Intel by 18.0% during the fourth quarter. Eudaimonia Advisors LLC now owns 8,724 shares of the chip maker’s stock worth $438,000 after acquiring an additional 1,328 shares in the last quarter. SlateStone Wealth LLC lifted its holdings in Intel by 11.7% during the fourth quarter. SlateStone Wealth LLC now owns 59,152 shares of the chip maker’s stock worth $2,972,000 after acquiring an additional 6,205 shares in the last quarter. Finally, Lesa Sroufe & Co lifted its holdings in Intel by 1.5% during the fourth quarter. Lesa Sroufe & Co now owns 76,469 shares of the chip maker’s stock worth $3,843,000 after acquiring an additional 1,103 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

INTC has been the topic of several recent research reports. UBS Group lifted their price target on Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Monday, April 1st. Benchmark reissued a “buy” rating and issued a $62.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Morgan Stanley lifted their target price on Intel from $39.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $50.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Finally, Mizuho lowered their target price on Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. Four analysts have rated the stock with a sell rating, twenty have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $42.38.

Intel Price Performance

Shares of INTC stock traded down $0.13 during trading on Tuesday, hitting $34.28. The company had a trading volume of 46,719,967 shares, compared to its average volume of 46,893,191. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The firm has a market capitalization of $144.94 billion, a P/E ratio of 87.90, a price-to-earnings-growth ratio of 3.07 and a beta of 1.00. The stock’s 50-day moving average price is $41.66 and its 200 day moving average price is $42.37. Intel Co. has a one year low of $26.85 and a one year high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.27. The business had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 earnings per share. Equities analysts expect that Intel Co. will post 0.61 EPS for the current fiscal year.

Intel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were issued a dividend of $0.125 per share. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.46%. Intel’s dividend payout ratio (DPR) is presently 128.21%.

Insider Transactions at Intel

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

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.