DecisionPoint Financial LLC Lowers Holdings in Intel Co. (NASDAQ:INTC)

DecisionPoint Financial LLC lowered its stake in Intel Co. (NASDAQ:INTC) by 88.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 532 shares of the chip maker’s stock after selling 3,915 shares during the quarter. DecisionPoint Financial LLC’s holdings in Intel were worth $27,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of INTC. Moneta Group Investment Advisors LLC boosted its holdings in Intel by 100,953.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 51,133,863 shares of the chip maker’s stock valued at $1,351,468,000 after purchasing an additional 51,083,262 shares in the last quarter. Norges Bank acquired a new stake in shares of Intel in the fourth quarter valued at approximately $1,092,939,000. Clearbridge Investments LLC boosted its holdings in shares of Intel by 4,407.3% in the first quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker’s stock valued at $814,727,000 after acquiring an additional 16,074,485 shares during the period. Barclays PLC boosted its holdings in shares of Intel by 171.1% in the second quarter. Barclays PLC now owns 21,404,715 shares of the chip maker’s stock valued at $715,773,000 after acquiring an additional 13,507,774 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of Intel by 29.8% in the fourth quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker’s stock valued at $1,409,835,000 after acquiring an additional 12,241,200 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

INTC stock traded down $0.55 during trading on Wednesday, reaching $35.71. 18,629,201 shares of the company’s stock were exchanged, compared to its average volume of 46,609,320. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. Intel Co. has a 1-year low of $26.85 and a 1-year high of $51.28. The company’s fifty day moving average price is $42.32 and its 200-day moving average price is $42.40. The firm has a market cap of $150.98 billion, a PE ratio of 91.80, a P/E/G ratio of 3.21 and a beta of 1.00.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.27. The business had revenue of $15.40 billion during 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 revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 earnings per share. On average, research analysts expect that Intel Co. will post 0.62 EPS for the current fiscal year.

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders 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 dividend yield of 1.40%. Intel’s dividend payout ratio (DPR) is 128.21%.

Insider Activity

In related news, CEO Patrick P. Gelsinger bought 2,800 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were bought at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger purchased 2,800 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were purchased at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the transaction, the chief executive officer now owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 3,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the transaction, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

INTC has been the subject of several recent research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 26th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $50.00 price target on shares of Intel in a report on Wednesday, April 3rd. The Goldman Sachs Group increased their price target on Intel from $34.00 to $39.00 and gave the stock a “sell” rating in a report on Friday, January 26th. Truist Financial reaffirmed a “hold” rating and set a $45.00 price target on shares of Intel in a report on Wednesday, April 3rd. Finally, Wedbush restated a “neutral” rating and issued a $40.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Four research analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $42.69.

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.