NewSquare Capital LLC Sells 306 Shares of Intel Co. (NASDAQ:INTC)

NewSquare Capital LLC decreased its position in shares of Intel Co. (NASDAQ:INTC) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 93,131 shares of the chip maker’s stock after selling 306 shares during the period. NewSquare Capital LLC’s holdings in Intel were worth $4,619,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. New Millennium Group LLC grew its holdings in shares of Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after purchasing an additional 231 shares during the last quarter. Legacy Financial Group LLC bought a new position in shares of Intel in the third quarter worth about $30,000. Raleigh Capital Management Inc. grew its holdings 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 worth $33,000 after purchasing an additional 362 shares during the last quarter. Valued Wealth Advisors LLC bought a new position in shares of Intel in the fourth quarter worth about $36,000. Finally, Briaud Financial Planning Inc bought a new position in shares of Intel in the third quarter worth about $40,000. Institutional investors own 64.53% of the company’s stock.

Intel Trading Down 0.4 %

Shares of NASDAQ INTC traded down $0.13 during trading on Tuesday, hitting $34.28. 46,719,967 shares of the company were exchanged, compared to its average volume of 46,893,191. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28. 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 company has a fifty day moving average price of $41.66 and a 200-day moving average price of $42.37. The firm has a market capitalization of $144.94 billion, a PE ratio of 87.90, a P/E/G ratio of 3.07 and a beta of 1.00.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.27 by $0.27. The business 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 company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 EPS. As a group, equities research analysts expect that Intel Co. will post 0.61 EPS for the current year.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s dividend payout ratio is currently 128.21%.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was purchased 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 directly owns 28,475 shares in the company, valued at $1,234,676. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Intel news, CEO Patrick P. Gelsinger bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was purchased 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 directly owns 28,475 shares in the company, valued at $1,234,676. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average price of $42.74 per share, with a total value of $119,672.00. Following the purchase, the chief executive officer now owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Morgan Stanley increased their price target on shares of Intel from $39.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Bank of America decreased their price target on shares of Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. TD Cowen decreased their price target on shares of Intel from $45.00 to $42.00 and set a “market perform” rating for the company in a research report on Friday, January 26th. Evercore ISI assumed coverage on shares of Intel in a research report on Tuesday, April 16th. They set an “in-line” rating and a $40.00 price target for the company. Finally, Benchmark reissued a “buy” rating and set a $62.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $42.38.

About Intel

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.