Blodgett Wealth Advisors LLC Decreases Stock Position in Intel Co. (NASDAQ:INTC)

Blodgett Wealth Advisors LLC lowered its position in shares of Intel Co. (NASDAQ:INTC) by 11.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,691 shares of the chip maker’s stock after selling 1,000 shares during the period. Blodgett Wealth Advisors LLC’s holdings in Intel were worth $386,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Barrett & Company Inc. lifted its holdings in Intel by 6.1% in the fourth quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock valued at $184,000 after acquiring an additional 210 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in Intel by 3.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock valued at $372,000 after buying an additional 216 shares during the last quarter. New Millennium Group LLC increased its holdings in Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after buying an additional 231 shares during the last quarter. Waldron Private Wealth LLC grew its holdings in shares of Intel by 0.6% during the fourth quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock worth $2,063,000 after purchasing an additional 232 shares during the last quarter. Finally, Spreng Capital Management Inc. grew its holdings in shares of Intel by 1.3% during the fourth quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock worth $987,000 after purchasing an additional 246 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger bought 3,000 shares of Intel stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the acquisition, the chief executive officer now owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Patrick P. Gelsinger acquired 3,000 shares of the firm’s stock in a transaction that occurred 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 purchase, 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 SEC, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger acquired 2,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average cost of $42.74 per share, with a total value of $119,672.00. Following the purchase, 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. 0.04% of the stock is currently owned by insiders.

Intel Price Performance

Shares of Intel stock traded down $3.23 on Friday, hitting $31.88. The company had a trading volume of 119,590,954 shares, compared to its average volume of 48,144,715. The business has a 50-day simple moving average of $40.88 and a 200-day simple moving average of $42.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. The company has a market cap of $134.79 billion, a PE ratio of 81.75, a PEG ratio of 3.13 and a beta of 1.00. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28.

Intel (NASDAQ:INTC) last issued its 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 firm had revenue of $15.40 billion during 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 firm’s revenue for the quarter 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. Research analysts expect that Intel Co. will post 0.6 EPS for the current fiscal year.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Monday, May 6th. Intel’s payout ratio is 128.21%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on INTC shares. Stifel Nicolaus restated a “hold” rating and issued a $45.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday. Rosenblatt Securities restated a “sell” rating and set a $17.00 price objective on shares of Intel in a report on Friday. Mizuho decreased their price target on shares of Intel from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Friday. Finally, Roth Mkm decreased their price target on shares of Intel from $45.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday. Four analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $39.75.

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.