Flynn Zito Capital Management LLC Has $301,000 Holdings in Intel Co. (NASDAQ:INTC)

Flynn Zito Capital Management LLC reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,984 shares of the chip maker’s stock after selling 906 shares during the quarter. Flynn Zito Capital Management LLC’s holdings in Intel were worth $301,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. New Millennium Group LLC raised its stake in shares of Intel by 87.2% in the 4th 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 in the last quarter. Cornerstone Planning Group LLC acquired a new position in shares of Intel in the 2nd quarter valued at $25,000. Legacy Financial Group LLC acquired a new position in shares of Intel in the 3rd quarter valued at $30,000. Milestone Investment Advisors LLC bought a new stake in shares of Intel in the 1st quarter worth about $32,000. Finally, Raleigh Capital Management Inc. grew its holdings in shares of Intel by 62.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after purchasing an additional 362 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

INTC has been the topic of several analyst reports. Evercore ISI initiated coverage on shares of Intel in a report on Tuesday. They issued an “in-line” rating and a $40.00 target price on the stock. Benchmark reissued a “buy” rating and set a $62.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Susquehanna decreased their price objective on shares of Intel from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday. Wedbush reissued a “neutral” rating and set a $40.00 price objective on shares of Intel in a report on Wednesday. Finally, Morgan Stanley raised their target price on shares of Intel from $39.00 to $48.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Four equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $42.62.

Insiders Place Their Bets

In other news, CEO Patrick P. Gelsinger bought 2,800 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was bought at an average price of $42.74 per share, with a total value of $119,672.00. Following the completion of the acquisition, the chief executive officer now owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Patrick P. Gelsinger bought 2,800 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was bought at an average price of $42.74 per share, with a total value of $119,672.00. Following the completion of the acquisition, the chief executive officer now owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Patrick P. Gelsinger bought 3,000 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were purchased at an average cost of $43.36 per share, with a total value of $130,080.00. Following the acquisition, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Intel Stock Down 1.8 %

Shares of NASDAQ:INTC traded down $0.64 during midday trading on Thursday, hitting $35.04. The stock had a trading volume of 41,795,249 shares, compared to its average volume of 46,666,727. 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 business’s 50-day simple moving average is $42.18 and its 200-day simple moving average is $42.35. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28. The company has a market cap of $148.15 billion, a P/E ratio of 89.75, a PEG ratio of 3.21 and a beta of 1.00.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The firm had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same period in the previous year, the business posted $0.10 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, sell-side analysts forecast that Intel Co. will post 0.62 earnings per share for the current fiscal year.

Intel Dividend Announcement

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