Carret Asset Management LLC Sells 432 Shares of Intel Co. (NASDAQ:INTC)

Carret Asset Management LLC cut its stake in Intel Co. (NASDAQ:INTC) by 0.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,567 shares of the chip maker’s stock after selling 432 shares during the quarter. Carret Asset Management LLC’s holdings in Intel were worth $5,104,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC grew its position in shares of Intel by 8.5% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 30,164 shares of the chip maker’s stock worth $1,072,000 after buying an additional 2,369 shares during the period. Impact Partnership Wealth LLC grew its position in shares of Intel by 85.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 4,162 shares of the chip maker’s stock worth $148,000 after buying an additional 1,922 shares during the period. Founders Financial Securities LLC grew its position in shares of Intel by 14.8% in the 3rd quarter. Founders Financial Securities LLC now owns 31,444 shares of the chip maker’s stock worth $1,118,000 after buying an additional 4,062 shares during the period. Integrated Investment Consultants LLC grew its position in shares of Intel by 3.5% in the 3rd quarter. Integrated Investment Consultants LLC now owns 9,437 shares of the chip maker’s stock worth $335,000 after buying an additional 318 shares during the period. Finally, Meridian Wealth Management LLC grew its position in shares of Intel by 106.9% in the 3rd quarter. Meridian Wealth Management LLC now owns 49,590 shares of the chip maker’s stock worth $1,764,000 after buying an additional 25,619 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Intel Price Performance

INTC traded up $0.22 during trading on Wednesday, reaching $34.50. 53,139,284 shares of the company traded hands, compared to its average volume of 47,006,406. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28. The firm has a fifty day simple moving average of $41.48 and a 200 day simple moving average of $42.36. The company has a market cap of $145.87 billion, a P/E ratio of 88.46, a PEG ratio of 3.09 and a beta of 1.00.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same period last year, the firm posted $0.10 EPS. The company’s revenue was up 9.7% on a year-over-year basis. On average, equities analysts forecast that Intel Co. will post 0.61 EPS for the current year.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is presently 128.21%.

Analysts Set New Price Targets

INTC has been the topic of a number of recent research reports. Wedbush reaffirmed a “neutral” rating and issued a $40.00 target price on shares of Intel in a research report on Wednesday, April 17th. Raymond James cut their price objective on shares of Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. Citigroup cut their price objective on shares of Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Stifel Nicolaus reissued a “hold” rating and set a $45.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $50.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Intel has a consensus rating of “Hold” and an average price target of $42.38.

Insider Activity at Intel

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