Lincoln Capital Corp Has $255,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

Lincoln Capital Corp lowered its stake in Intel Co. (NASDAQ:INTC) by 30.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,075 shares of the chip maker’s stock after selling 2,200 shares during the quarter. Lincoln Capital Corp’s holdings in Intel were worth $255,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Revolve Wealth Partners LLC boosted its holdings in Intel by 3.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock worth $372,000 after buying an additional 216 shares during the last quarter. New Millennium Group LLC boosted its stake in Intel by 87.2% during the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after acquiring an additional 231 shares during the last quarter. Global Trust Asset Management LLC grew its holdings in Intel by 4.1% during the fourth quarter. Global Trust Asset Management LLC now owns 6,253 shares of the chip maker’s stock valued at $314,000 after purchasing an additional 249 shares during the period. Carmignac Gestion increased its stake in Intel by 0.7% in the third quarter. Carmignac Gestion now owns 34,294 shares of the chip maker’s stock valued at $1,219,000 after purchasing an additional 251 shares in the last quarter. Finally, Frontier Wealth Management LLC raised its holdings in Intel by 0.5% in the first quarter. Frontier Wealth Management LLC now owns 46,894 shares of the chip maker’s stock worth $2,181,000 after purchasing an additional 253 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on INTC. Raymond James decreased their price target 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. Wedbush reaffirmed a “neutral” rating and set a $40.00 price target on shares of Intel in a research report on Friday, February 16th. Truist Financial decreased their price objective on Intel from $47.00 to $45.00 and set a “hold” rating for the company in a research report on Friday, January 26th. TD Cowen dropped their target price on shares of Intel from $45.00 to $42.00 and set a “market perform” rating on the stock in a report on Friday, January 26th. Finally, Wells Fargo & Company reduced their price target on shares of Intel from $52.00 to $48.00 and set an “equal weight” rating for the company in a report on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $41.48.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger acquired 3,000 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were bought 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 directly owns 28,475 shares of the company’s stock, valued at $1,234,676. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Patrick P. Gelsinger acquired 3,000 shares of the business’s stock in a transaction on Monday, January 29th. The stock was purchased 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 approximately $1,234,676. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was purchased at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the transaction, the chief executive officer now directly 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. 0.04% of the stock is owned by insiders.

Intel Stock Performance

INTC stock traded up $1.78 during trading hours on Wednesday, reaching $43.77. The stock had a trading volume of 50,973,957 shares, compared to its average volume of 45,228,254. The stock has a 50-day simple moving average of $43.98 and a 200 day simple moving average of $42.01. Intel Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28. The stock has a market capitalization of $185.06 billion, a PE ratio of 112.23, a price-to-earnings-growth ratio of 4.36 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15.

Intel (NASDAQ:INTC) last issued its earnings results 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. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. During the same period last year, the business posted $0.10 EPS. Intel’s revenue was up 9.7% on a year-over-year basis. Analysts predict that Intel Co. will post 0.64 EPS for the current fiscal year.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were paid a dividend of $0.125 per share. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.14%. Intel’s dividend payout ratio is currently 128.21%.

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.