New England Capital Financial Advisors LLC Sells 396 Shares of Intel Co. (NASDAQ:INTC)

New England Capital Financial Advisors LLC reduced its stake in Intel Co. (NASDAQ:INTC) by 19.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,693 shares of the chip maker’s stock after selling 396 shares during the quarter. New England Capital Financial Advisors LLC’s holdings in Intel were worth $85,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of INTC. Financial Perspectives Inc increased its holdings in shares of Intel by 7.6% in the 4th quarter. Financial Perspectives Inc now owns 5,221 shares of the chip maker’s stock worth $262,000 after buying an additional 369 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Intel in the 4th quarter worth about $1,345,000. Eudaimonia Advisors LLC increased its holdings in shares of Intel by 18.0% in the 4th quarter. Eudaimonia Advisors LLC now owns 8,724 shares of the chip maker’s stock worth $438,000 after buying an additional 1,328 shares during the last quarter. SlateStone Wealth LLC increased its holdings in shares of Intel by 11.7% in the 4th quarter. SlateStone Wealth LLC now owns 59,152 shares of the chip maker’s stock worth $2,972,000 after buying an additional 6,205 shares during the last quarter. Finally, Lesa Sroufe & Co increased its holdings in shares of Intel by 1.5% in the 4th quarter. Lesa Sroufe & Co now owns 76,469 shares of the chip maker’s stock worth $3,843,000 after buying an additional 1,103 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of Intel from $48.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 9th. Rosenblatt Securities reiterated a “sell” rating and set a $17.00 price target on shares of Intel in a report on Friday, February 23rd. HSBC cut their price target on shares of Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a report on Tuesday. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, January 26th. Finally, Benchmark reiterated a “buy” rating and set a $62.00 price target on shares of Intel in a report on Wednesday, April 3rd. Four equities 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 company’s stock. According to data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and an average target price of $42.38.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were acquired at an average price 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 of the company’s stock, valued at approximately $1,336,693.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Patrick P. Gelsinger purchased 3,000 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $1,234,676. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Patrick P. Gelsinger acquired 2,800 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was acquired at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the purchase, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by company insiders.

Intel Stock Down 0.4 %

Shares of NASDAQ INTC traded down $0.13 during trading hours on Tuesday, hitting $34.28. 46,719,967 shares of the stock were exchanged, compared to its average volume of 46,893,191. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. The company has a market cap of $144.94 billion, a PE ratio of 87.90, a PEG ratio of 3.07 and a beta of 1.00. The firm has a fifty day moving average price of $41.48 and a 200-day moving average price of $42.36. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.27 by $0.27. The firm 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 was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 EPS. On average, sell-side analysts expect that Intel Co. will post 0.61 EPS for the current year.

Intel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were paid a dividend of $0.125 per share. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.46%. Intel’s dividend payout ratio (DPR) is presently 128.21%.

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.