Guardian Investment Management Has $5.21 Million Stake in Intel Co. (NASDAQ:INTC)

Guardian Investment Management lessened its stake in Intel Co. (NASDAQ:INTC) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 103,610 shares of the chip maker’s stock after selling 2,749 shares during the period. Intel comprises 4.3% of Guardian Investment Management’s portfolio, making the stock its 5th biggest holding. Guardian Investment Management’s holdings in Intel were worth $5,206,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in INTC. Slow Capital Inc. lifted its stake in Intel by 0.9% during the fourth quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock worth $2,749,000 after purchasing an additional 508 shares during the period. Altus Wealth Group LLC lifted its stake in Intel by 29.4% during the fourth quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after purchasing an additional 5,759 shares during the period. Alera Investment Advisors LLC bought a new position in Intel during the fourth quarter worth about $201,000. Vanguard Capital Wealth Advisors lifted its stake in Intel by 1.3% during 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. Finally, Prosperity Wealth Management Inc. bought a new position in Intel during the fourth quarter worth about $293,000. Institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in 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. Citigroup dropped their price objective on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a report on Monday. Benchmark reaffirmed a “buy” rating and set a $62.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 price objective on shares of Intel in a report on Friday, February 23rd. Finally, Wells Fargo & Company dropped their price objective on shares of Intel from $48.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, April 9th. Four research analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $42.62.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger purchased 3,000 shares of Intel stock in a transaction dated 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 transaction, the chief executive officer now directly owns 28,475 shares in the company, valued at approximately $1,234,676. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Patrick P. Gelsinger acquired 3,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average cost of $43.36 per share, with a total value of $130,080.00. Following the transaction, the chief executive officer now owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick P. Gelsinger acquired 2,800 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was bought at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the transaction, the chief executive officer now directly 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 Trading Down 2.0 %

Shares of NASDAQ INTC traded down $0.71 during midday trading on Thursday, reaching $34.97. 25,702,969 shares of the stock were exchanged, compared to its average volume of 46,623,695. The business has a 50-day simple moving average of $42.18 and a two-hundred day simple moving average of $42.35. The company has a market capitalization of $147.85 billion, a price-to-earnings ratio of 89.75, a P/E/G ratio of 3.21 and a beta of 1.00. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. The company had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the firm posted $0.10 earnings per share. As a group, equities research analysts expect that Intel Co. will post 0.62 EPS for the current year.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.43%. Intel’s dividend payout ratio is 128.21%.

Intel 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.