Carson Advisory Inc. Has $766,000 Stock Position in Intel Co. (NASDAQ:INTC)

Carson Advisory Inc. reduced its position in Intel Co. (NASDAQ:INTC) by 5.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 15,235 shares of the chip maker’s stock after selling 830 shares during the period. Carson Advisory Inc.’s holdings in Intel were worth $766,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. California Public Employees Retirement System boosted its position in shares of Intel by 102.6% in the 4th quarter. California Public Employees Retirement System now owns 16,074,760 shares of the chip maker’s stock worth $807,757,000 after purchasing an additional 8,140,835 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Intel by 18.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 38,720,686 shares of the chip maker’s stock worth $1,376,520,000 after purchasing an additional 6,064,950 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Intel by 17.8% in the 3rd quarter. Wellington Management Group LLP now owns 34,564,037 shares of the chip maker’s stock worth $1,228,752,000 after purchasing an additional 5,217,549 shares during the last quarter. Alecta Tjanstepension Omsesidigt bought a new position in shares of Intel in the 4th quarter worth $251,250,000. Finally, Parnassus Investments LLC boosted its position 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 purchasing an additional 4,631,905 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger purchased 4,000 shares of the stock in a transaction on Monday, April 29th. The shares were purchased at an average price of $31.42 per share, with a total value of $125,680.00. Following the completion of the transaction, the chief executive officer now directly owns 35,275 shares in the company, valued at $1,108,340.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.04% of the company’s stock.

Intel Stock Up 0.5 %

Shares of NASDAQ:INTC traded up $0.14 during midday trading on Thursday, reaching $30.51. The company had a trading volume of 48,221,621 shares, compared to its average volume of 48,702,656. 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 business’s 50 day moving average price is $40.09 and its 200 day moving average price is $42.14. The stock has a market cap of $129.88 billion, a PE ratio of 31.59, a P/E/G ratio of 8.39 and a beta of 1.09. Intel Co. has a 1-year low of $26.85 and a 1-year high of $51.28.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Wall Street Analyst Weigh In

INTC has been the topic of several recent research reports. Mizuho reduced their price target on Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 target price on shares of Intel in a report on Wednesday, April 3rd. Wedbush reduced their target price on Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a report on Friday, April 26th. Citigroup reduced their target price on Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. Finally, Raymond James reduced their target price on Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. Four equities research 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $39.75.

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.