Intel Co. (NASDAQ:INTC) Shares Sold by Courier Capital LLC

Courier Capital LLC lowered its position in Intel Co. (NASDAQ:INTC) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,379 shares of the chip maker’s stock after selling 3,500 shares during the period. Courier Capital LLC’s holdings in Intel were worth $5,848,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. New Millennium Group LLC boosted its position in Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after buying an additional 231 shares during the last quarter. Valued Wealth Advisors LLC purchased a new stake in Intel in the fourth quarter valued at approximately $36,000. Cornerstone Planning Group LLC purchased a new stake in Intel in the second quarter valued at approximately $25,000. Lumature Wealth Partners LLC boosted its position in Intel by 146.7% in the first quarter. Lumature Wealth Partners LLC now owns 824 shares of the chip maker’s stock valued at $41,000 after buying an additional 490 shares during the last quarter. Finally, Legacy Financial Group LLC purchased a new stake in Intel in the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Transactions at Intel

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on INTC shares. TD Cowen dropped their target price on Intel from $45.00 to $42.00 and set a “market perform” rating on the stock in a research report on Friday, January 26th. Susquehanna upped their price objective on Intel from $38.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday, January 18th. Wells Fargo & Company lowered their price objective on Intel from $52.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Friday, January 26th. HSBC lowered their price objective on Intel from $46.00 to $44.00 and set a “hold” rating on the stock in a research report on Friday, January 26th. Finally, Rosenblatt Securities restated a “sell” rating and issued a $17.00 price objective on shares of Intel in a research report on Friday, February 23rd. Four analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $41.48.

Intel Trading Up 4.2 %

Shares of INTC stock opened at $43.77 on Thursday. The stock’s fifty day moving average is $43.98 and its two-hundred day moving average is $42.01. 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 $185.06 billion, a P/E ratio of 112.23, a PEG ratio of 4.38 and a beta of 1.00. Intel Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. The company had revenue of $15.40 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.10 EPS. Research analysts expect that Intel Co. will post 0.64 earnings per share for the current fiscal year.

Intel Announces Dividend

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 of this dividend was Tuesday, February 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.14%. 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.