Motco Has $157,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

Motco lowered its stake in Intel Co. (NASDAQ:INTC) by 19.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,116 shares of the chip maker’s stock after selling 730 shares during the quarter. Motco’s holdings in Intel were worth $157,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. New Millennium Group LLC raised its holdings in shares of Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares during the period. Raleigh Capital Management Inc. lifted its position in shares of Intel by 62.8% in the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after buying an additional 362 shares during the last quarter. Valued Wealth Advisors LLC bought a new position in shares of Intel during the 4th quarter worth approximately $36,000. Signature Resources Capital Management LLC bought a new position in shares of Intel during the 4th quarter worth approximately $37,000. Finally, Bare Financial Services Inc acquired a new position in shares of Intel during the 4th quarter worth approximately $39,000. Institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, April 26th. Wolfe Research raised shares of Intel from an “underperform” rating to a “peer perform” rating in a report on Thursday. UBS Group raised their price objective on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. The Goldman Sachs Group decreased their target price on Intel from $34.00 to $30.00 and set a “sell” rating on the stock in a research report on Thursday, May 9th. Finally, HSBC dropped their price target on Intel from $44.00 to $37.00 and set a “hold” rating for the company in a report on Tuesday, April 23rd. Three investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $39.58.

Insider Activity

In other Intel news, CEO Patrick P. Gelsinger bought 4,100 shares of Intel stock in a transaction on Wednesday, May 1st. The shares were purchased at an average cost of $30.29 per share, with a total value of $124,189.00. Following the acquisition, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Patrick P. Gelsinger acquired 4,000 shares of the stock in a transaction dated Monday, April 29th. The stock was bought at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the transaction, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick P. Gelsinger bought 4,100 shares of Intel stock in a transaction that occurred on Wednesday, May 1st. The stock was bought at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the acquisition, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Intel Price Performance

Shares of INTC traded up $0.22 during mid-day trading on Monday, reaching $32.05. The company had a trading volume of 13,853,398 shares, compared to its average volume of 47,945,207. The company’s 50 day simple moving average is $37.00 and its 200 day simple moving average is $41.82. The company has a market capitalization of $136.44 billion, a price-to-earnings ratio of 33.68, a P/E/G ratio of 10.43 and a beta of 1.09. Intel Co. has a 1-year low of $26.85 and a 1-year high of $51.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Intel had a return on equity of 2.19% and a net margin of 7.36%. The company had revenue of $12.72 billion for the quarter, compared to the consensus estimate of $12.76 billion. Analysts expect that Intel Co. will post 0.13 EPS for the current year.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be given a $0.125 dividend. The ex-dividend date is Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.56%. Intel’s dividend payout ratio is presently 52.08%.

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.