One Charles Private Wealth Services LLC Has $331,000 Position in Intel Co. (NASDAQ:INTC)

One Charles Private Wealth Services LLC decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,589 shares of the chip maker’s stock after selling 340 shares during the period. One Charles Private Wealth Services LLC’s holdings in Intel were worth $331,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. California Public Employees Retirement System increased its holdings in shares of Intel by 102.6% during the fourth quarter. California Public Employees Retirement System now owns 16,074,760 shares of the chip maker’s stock valued at $807,757,000 after acquiring an additional 8,140,835 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Intel by 17.8% during the third quarter. Wellington Management Group LLP now owns 34,564,037 shares of the chip maker’s stock valued at $1,228,752,000 after buying an additional 5,217,549 shares during the last quarter. Alecta Tjanstepension Omsesidigt bought a new stake in shares of Intel during the fourth quarter worth about $251,250,000. Parnassus Investments LLC raised its holdings in shares of Intel by 24.7% in the 3rd quarter. Parnassus Investments LLC now owns 23,369,134 shares of the chip maker’s stock worth $830,773,000 after acquiring an additional 4,631,905 shares during the last quarter. Finally, Primecap Management Co. CA lifted its position in Intel by 6.0% in the 3rd 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. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Price Performance

NASDAQ:INTC traded up $0.39 during trading hours on Friday, hitting $30.90. 36,794,828 shares of the company’s stock traded hands, compared to its average volume of 58,447,700. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28. The business’s fifty day simple moving average is $39.60 and its two-hundred day simple moving average is $42.02. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The firm has a market cap of $131.54 billion, a P/E ratio of 32.19, a P/E/G ratio of 10.05 and a beta of 1.09.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio (DPR) is 52.08%.

Analysts Set New Price Targets

Several research analysts recently issued reports on INTC shares. Mizuho cut their target price on Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Truist Financial dropped their target price on shares of Intel from $45.00 to $33.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Friday, April 26th. UBS Group increased their price target on Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Monday, April 1st. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $50.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Four investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Intel presently has an average rating of “Hold” and an average target price of $39.75.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger acquired 4,000 shares of the stock in a transaction dated Monday, April 29th. The shares were purchased at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the transaction, the chief executive officer now owns 35,275 shares in the company, valued at approximately $1,108,340.50. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Patrick P. Gelsinger acquired 4,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were bought at an average cost of $31.42 per share, with a total value of $125,680.00. Following the acquisition, the chief executive officer now owns 35,275 shares in the company, valued at approximately $1,108,340.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick P. Gelsinger bought 4,100 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was purchased at an average cost of $30.29 per share, with a total value of $124,189.00. Following the purchase, the chief executive officer now owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by 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.