Guardian Investment Management Sells 2,749 Shares of Intel Co. (NASDAQ:INTC)

Guardian Investment Management decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 103,610 shares of the chip maker’s stock after selling 2,749 shares during the quarter. Intel comprises about 4.3% of Guardian Investment Management’s investment portfolio, making the stock its 5th biggest position. Guardian Investment Management’s holdings in Intel were worth $5,206,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. New Millennium Group LLC boosted its holdings 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 acquiring an additional 231 shares during the last quarter. Cornerstone Planning Group LLC acquired a new position in Intel in the second quarter valued at $25,000. Legacy Financial Group LLC acquired a new position in Intel in the third quarter valued at $30,000. Milestone Investment Advisors LLC acquired a new position in Intel in the first quarter valued at $32,000. Finally, Raleigh Capital Management Inc. boosted its holdings in 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 acquiring an additional 362 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger bought 2,800 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was bought at an average cost 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 available through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger acquired 3,000 shares of the firm’s stock in a transaction that occurred on 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 acquisition, 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 is available through the SEC website. Also, CEO Patrick P. Gelsinger acquired 2,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the acquisition, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on INTC shares. Morgan Stanley lifted their target price on Intel from $39.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Rosenblatt Securities reissued a “sell” rating and issued a $17.00 price objective on shares of Intel in a research report on Friday, February 23rd. Citigroup cut their price objective on Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research report on Monday. Wells Fargo & Company cut their price objective on Intel from $48.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 9th. Finally, Wedbush reissued a “neutral” rating and issued a $40.00 price objective on shares of Intel in a research report on Wednesday. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average price target of $42.62.

Intel Stock Down 2.0 %

NASDAQ:INTC traded down $0.71 during mid-day trading on Thursday, reaching $34.97. The stock had a trading volume of 25,702,969 shares, compared to its average volume of 46,623,695. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. The stock’s 50 day simple moving average is $42.18 and its two-hundred day simple moving average is $42.35. Intel Co. has a 1-year low of $26.85 and a 1-year high of $51.28. The company has a market capitalization of $147.85 billion, a price-to-earnings ratio of 89.75, a price-to-earnings-growth ratio of 3.21 and a beta of 1.00.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The company had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. During the same period in the previous year, the firm posted $0.10 earnings per share. Intel’s quarterly revenue was up 9.7% compared to the same quarter last year. Equities analysts anticipate that Intel Co. will post 0.62 EPS for the current year.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were paid a $0.125 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.43%. Intel’s payout ratio is currently 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.