Intel Co. (NASDAQ:INTC) Shares Sold by Obermeyer Wood Investment Counsel Lllp

Obermeyer Wood Investment Counsel Lllp cut its holdings in shares of Intel Co. (NASDAQ:INTC) by 26.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,146 shares of the chip maker’s stock after selling 2,183 shares during the period. Obermeyer Wood Investment Counsel Lllp’s holdings in Intel were worth $309,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. New Millennium Group LLC increased its holdings in Intel by 87.2% during the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after acquiring an additional 231 shares in the last quarter. Cornerstone Planning Group LLC acquired a new position in shares of Intel during the second quarter worth $25,000. Legacy Financial Group LLC bought a new stake in shares of Intel in the third quarter worth $30,000. Milestone Investment Advisors LLC bought a new stake in Intel during the first quarter valued at $32,000. Finally, Raleigh Capital Management Inc. increased its stake in Intel by 62.8% during the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after purchasing an additional 362 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction on Thursday, February 1st. The shares were bought at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the purchase, the chief executive officer now directly owns 31,275 shares in the company, valued at approximately $1,336,693.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Intel news, CEO Patrick P. Gelsinger bought 2,800 shares of Intel stock in a transaction dated 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 completion of the acquisition, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger bought 3,000 shares of the stock in a transaction on Monday, January 29th. The shares were acquired 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 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 company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on INTC. Wedbush reaffirmed a “neutral” rating and issued a $40.00 price objective on shares of Intel in a report on Wednesday. Wells Fargo & Company dropped their price objective on Intel from $48.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 9th. HSBC decreased their target price on Intel from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Friday, January 26th. TD Cowen reduced their price objective on Intel from $45.00 to $42.00 and set a “market perform” rating for the company in a research report on Friday, January 26th. Finally, Raymond James dropped their price objective on Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Intel presently has a consensus rating of “Hold” and a consensus price target of $42.62.

Intel Stock Performance

Shares of NASDAQ:INTC traded down $0.39 during trading on Friday, hitting $34.65. The stock had a trading volume of 10,218,056 shares, compared to its average volume of 46,357,781. The stock has a 50-day simple moving average of $42.03 and a two-hundred day simple moving average of $42.30. 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 stock has a market capitalization of $146.50 billion, a price-to-earnings ratio of 88.85, a price-to-earnings-growth ratio of 3.20 and a beta of 1.00. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28.

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

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors 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 yield of 1.44%. Intel’s dividend payout ratio is presently 128.21%.

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.