Cornell Pochily Investment Advisors Inc. Sells 629 Shares of Intel Co. (NASDAQ:INTC)

Cornell Pochily Investment Advisors Inc. trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,301 shares of the chip maker’s stock after selling 629 shares during the period. Intel makes up approximately 0.9% of Cornell Pochily Investment Advisors Inc.’s holdings, making the stock its 27th largest holding. Cornell Pochily Investment Advisors Inc.’s holdings in Intel were worth $2,075,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in INTC. New Millennium Group LLC raised its position in shares of Intel by 87.2% during the 4th 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 bought a new position in Intel in the 2nd quarter valued at about $25,000. Legacy Financial Group LLC bought a new position in Intel in the 3rd quarter valued at about $30,000. Milestone Investment Advisors LLC bought a new position in Intel in the 1st quarter valued at about $32,000. Finally, Raleigh Capital Management Inc. increased its holdings in shares of Intel by 62.8% during 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 period. 64.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on INTC shares. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, January 26th. Cantor Fitzgerald restated a “neutral” rating and issued a $50.00 target price on shares of Intel in a research report on Friday, February 2nd. Wells Fargo & Company reduced their price objective on shares of Intel from $52.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Friday, January 26th. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $32.00 to $50.00 in a research note on Friday, December 15th. Finally, Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 price target on shares of Intel in a research report on Friday, February 23rd. Four equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $41.48.

Intel Stock Up 1.4 %

Intel stock traded up $0.62 during midday trading on Thursday, hitting $44.39. 13,169,549 shares of the company’s stock were exchanged, compared to its average volume of 44,660,707. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28. The company has a market cap of $187.68 billion, a PE ratio of 113.28, a P/E/G ratio of 4.38 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. The firm has a 50-day moving average of $43.98 and a two-hundred day moving average of $42.01.

Intel (NASDAQ:INTC) last posted its quarterly 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. The company had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. Intel’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the firm posted $0.10 EPS. As a group, analysts expect that Intel Co. will post 0.64 earnings per share for the current fiscal year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 annualized dividend and a yield of 1.13%. Intel’s dividend payout ratio (DPR) is currently 128.21%.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger purchased 2,800 shares of Intel 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 acquisition, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Intel news, CEO Patrick P. Gelsinger bought 3,000 shares of the company’s stock in a transaction on 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 acquisition, the chief executive officer now owns 28,475 shares of the company’s stock, valued at $1,234,676. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the stock in a transaction on Thursday, February 1st. The shares were bought at an average cost of $42.74 per share, for a total transaction 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 disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

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.