Courier Capital LLC Has $5.85 Million Position in Intel Co. (NASDAQ:INTC)

Courier Capital LLC reduced its holdings in Intel Co. (NASDAQ:INTC) by 2.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,379 shares of the chip maker’s stock after selling 3,500 shares during the period. Courier Capital LLC’s holdings in Intel were worth $5,848,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. CVA Family Office LLC raised its holdings in Intel by 14.0% in the third quarter. CVA Family Office LLC now owns 6,573 shares of the chip maker’s stock worth $234,000 after purchasing an additional 808 shares during the period. Shepherd Financial Partners LLC raised its holdings in Intel by 3.4% in the second quarter. Shepherd Financial Partners LLC now owns 18,339 shares of the chip maker’s stock worth $613,000 after purchasing an additional 607 shares during the period. Vanguard Capital Wealth Advisors raised its holdings in Intel by 1.3% in the third quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock worth $1,613,000 after purchasing an additional 574 shares during the period. Waverly Advisors LLC raised its holdings in shares of Intel by 14.9% during the third quarter. Waverly Advisors LLC now owns 56,846 shares of the chip maker’s stock worth $2,021,000 after acquiring an additional 7,362 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its holdings in shares of Intel by 44.4% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 82,667 shares of the chip maker’s stock worth $3,876,000 after acquiring an additional 25,428 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of INTC stock opened at $43.77 on Thursday. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28. The company has a market capitalization of $185.06 billion, a price-to-earnings ratio of 112.23, a PEG ratio of 4.38 and a beta of 1.00. The company has a 50-day simple moving average of $43.98 and a 200 day simple moving average of $42.01. 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 quarterly 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 net margin of 3.11% and a return on equity of 1.64%. The business had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the prior year, the business earned $0.10 EPS. Intel’s quarterly revenue was up 9.7% on a year-over-year basis. On average, sell-side analysts predict that Intel Co. will post 0.64 earnings per share for the current year.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.14%. Intel’s dividend payout ratio (DPR) is currently 128.21%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of Intel from $34.00 to $39.00 and gave the stock a “sell” rating in a report on Friday, January 26th. Benchmark raised their price objective on shares of Intel from $52.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Raymond James dropped their price objective on shares of Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. Mizuho dropped their price objective on shares of Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 26th. Finally, Stifel Nicolaus raised their target price on shares of Intel from $38.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Four equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel has an average rating of “Hold” and an average price target of $41.48.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger purchased 3,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average price 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 $1,234,676. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Intel 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 price 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 this hyperlink. Also, CEO Patrick P. Gelsinger acquired 2,800 shares of the business’s stock in a transaction 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 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 owned by company insiders.

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.