Intel Co. (NASDAQ:INTC) Shares Sold by Dover Advisors LLC

Dover Advisors LLC lessened its stake in Intel Co. (NASDAQ:INTC) by 22.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,522 shares of the chip maker’s stock after selling 3,270 shares during the period. Dover Advisors LLC’s holdings in Intel were worth $579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Intel by 0.4% in the third quarter. Vanguard Group Inc. now owns 381,109,738 shares of the chip maker’s stock valued at $13,548,451,000 after acquiring an additional 1,624,453 shares in the last quarter. Primecap Management Co. CA boosted its stake in Intel by 6.0% in the third quarter. Primecap Management Co. CA now owns 74,762,291 shares of the chip maker’s stock valued at $2,657,799,000 after acquiring an additional 4,226,790 shares in the last quarter. Northern Trust Corp boosted its stake in Intel by 3.7% in the third quarter. Northern Trust Corp now owns 46,003,776 shares of the chip maker’s stock valued at $1,635,434,000 after acquiring an additional 1,626,127 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Intel by 18.6% in the third quarter. Bank of New York Mellon Corp now owns 38,720,686 shares of the chip maker’s stock valued at $1,376,520,000 after buying an additional 6,064,950 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Intel by 13.4% in the third quarter. Invesco Ltd. now owns 35,788,068 shares of the chip maker’s stock valued at $1,272,266,000 after buying an additional 4,222,381 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on INTC shares. Morgan Stanley reduced their target price on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a report on Friday. Barclays reduced their target price on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday. Raymond James reduced their target price 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. Roth Mkm reduced their target price on shares of Intel from $45.00 to $35.00 and set a “neutral” rating for the company in a report on Friday. Finally, Sanford C. Bernstein cut their price target on shares of Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a report on Friday. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $39.75.

Intel Trading Down 9.2 %

NASDAQ INTC traded down $3.23 during mid-day trading on Friday, reaching $31.88. 119,742,494 shares of the stock were exchanged, compared to its average volume of 50,613,192. Intel Co. has a 1-year low of $26.85 and a 1-year high of $51.28. The business’s fifty day simple moving average is $40.88 and its 200 day simple moving average is $42.30. The stock has a market capitalization of $134.79 billion, a PE ratio of 33.21, a PEG ratio of 2.89 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. Intel had a net margin of 7.36% and a return on equity of 2.22%. The firm had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same quarter last year, the business earned $0.10 earnings per share. Intel’s revenue was up 9.7% compared to the same quarter last year. On average, research analysts anticipate that Intel Co. will post 0.6 earnings per share for the current fiscal year.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.57%. Intel’s dividend payout ratio (DPR) is currently 52.08%.

Insiders Place Their Bets

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

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.