Nichols & Pratt Advisers LLP MA Has $3.49 Million Stock Position in Intel Co. (NASDAQ:INTC)

Nichols & Pratt Advisers LLP MA trimmed its holdings in shares of Intel Co. (NASDAQ:INTCFree Report) by 7.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 98,108 shares of the chip maker’s stock after selling 8,250 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in Intel were worth $3,488,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornerstone Planning Group LLC bought a new position in Intel during the 2nd quarter valued at about $25,000. Your Advocates Ltd. LLP lifted its holdings in Intel by 396.4% during the 2nd quarter. Your Advocates Ltd. LLP now owns 819 shares of the chip maker’s stock valued at $27,000 after purchasing an additional 654 shares during the last quarter. Legacy Financial Group LLC bought a new position in Intel during the 3rd quarter valued at about $30,000. Moser Wealth Advisors LLC acquired a new stake in Intel in the 2nd quarter valued at about $31,000. Finally, Steward Financial Group LLC acquired a new stake in Intel in the 2nd quarter valued at about $31,000. 60.84% of the stock is owned by institutional investors.

Insider Buying and Selling at Intel

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

Intel Price Performance

NASDAQ:INTC opened at $43.37 on Monday. Intel Co. has a 52 week low of $24.73 and a 52 week high of $51.28. The firm has a market cap of $183.37 billion, a price-to-earnings ratio of 111.05, a P/E/G ratio of 4.04 and a beta of 1.02. The firm’s 50-day simple moving average is $46.00 and its 200 day simple moving average is $40.10. 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 (NASDAQ:INTCGet Free Report) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $15.16 billion. During the same period last year, the firm earned $0.10 earnings per share. Intel’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, sell-side analysts predict that Intel Co. will post 0.72 earnings per share for the current year.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Tuesday, February 6th. Intel’s dividend payout ratio is currently 128.21%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on INTC. Truist Financial lowered their price objective on shares of Intel from $47.00 to $45.00 and set a “hold” rating for the company in a research report on Friday, January 26th. Stifel Nicolaus lifted their price target on shares of Intel from $38.00 to $45.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Raymond James decreased their price objective on shares of Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a report on Friday, January 26th. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, January 26th. Finally, Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $32.00 to $50.00 in a research note on Friday, December 15th. Four investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Intel presently has a consensus rating of “Hold” and an average price target of $41.48.

Check Out Our Latest Stock Analysis on Intel

Intel Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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