Intel Co. (NASDAQ:INTC) Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. reduced its position in Intel Co. (NASDAQ:INTC) by 1.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 319,631 shares of the chip maker’s stock after selling 5,215 shares during the period. Intel comprises approximately 2.5% of John G Ullman & Associates Inc.’s holdings, making the stock its 8th biggest holding. John G Ullman & Associates Inc.’s holdings in Intel were worth $16,061,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INTC. Slow Capital Inc. grew its stake in shares of Intel by 0.9% during the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock valued at $2,749,000 after buying an additional 508 shares during the period. Altus Wealth Group LLC grew its stake in shares of Intel by 29.4% during the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock valued at $1,272,000 after buying an additional 5,759 shares during the period. Alera Investment Advisors LLC purchased a new stake in shares of Intel during the 4th quarter valued at $201,000. Vanguard Capital Wealth Advisors grew its stake in shares of Intel by 1.3% during the 3rd quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock valued at $1,613,000 after buying an additional 574 shares during the period. Finally, Prosperity Wealth Management Inc. purchased a new stake in shares of Intel during the 4th quarter valued at $293,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on INTC shares. Rosenblatt Securities restated a “sell” rating and set a $17.00 target price on shares of Intel in a report on Friday, February 23rd. Raymond James reduced their target price on shares of Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. Wedbush restated a “neutral” rating and set a $40.00 target price on shares of Intel in a report on Wednesday. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, January 26th. Finally, Morgan Stanley boosted their price objective on shares of Intel from $39.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Four research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and a consensus target price of $42.62.

Intel Price Performance

Shares of Intel stock traded down $0.79 on Friday, hitting $34.25. The company had a trading volume of 38,036,023 shares, compared to its average volume of 46,685,816. The business has a 50-day simple moving average of $42.03 and a 200-day simple moving average of $42.30. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. The company has a market cap of $144.81 billion, a PE ratio of 88.23, a PEG ratio of 3.20 and a beta of 1.00. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28.

Intel (NASDAQ:INTC) last posted its quarterly earnings data 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 net margin of 3.11% and a return on equity of 1.64%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period last year, the firm posted $0.10 earnings per share. Research analysts expect that Intel Co. will post 0.61 EPS for the current fiscal 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 paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.46%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio is presently 128.21%.

Insider Activity at Intel

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

Intel Company 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.