Kovack Advisors Inc. Reduces Stake in Intel Co. (NASDAQ:INTC)

Kovack Advisors Inc. lowered its holdings in Intel Co. (NASDAQ:INTC) by 9.7% during the fourth quarter, HoldingsChannel reports. The fund owned 56,941 shares of the chip maker’s stock after selling 6,082 shares during the period. Kovack Advisors Inc.’s holdings in Intel were worth $2,861,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in INTC. Callan Capital LLC grew its stake in Intel by 9.1% during the 4th quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock worth $884,000 after buying an additional 1,474 shares during the last quarter. New Jersey Better Educational Savings Trust acquired a new stake in Intel during the 4th quarter worth approximately $207,000. Bank Julius Baer & Co. Ltd Zurich lifted its position in Intel by 10.0% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 239,504 shares of the chip maker’s stock worth $12,035,000 after acquiring an additional 21,848 shares during the period. State of New Jersey Common Pension Fund D lifted its position in Intel by 0.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 2,381,786 shares of the chip maker’s stock worth $119,685,000 after acquiring an additional 16,508 shares during the period. Finally, Syon Capital LLC acquired a new stake in Intel during the 4th quarter worth approximately $411,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Trading Down 9.2 %

Intel stock traded down $3.23 during trading on Friday, hitting $31.88. The company’s stock had a trading volume of 119,590,954 shares, compared to its average volume of 48,144,715. The stock has a market capitalization of $134.79 billion, a price-to-earnings ratio of 81.75, a P/E/G ratio of 3.13 and a beta of 1.00. The stock’s fifty day moving average is $40.88 and its 200 day moving average is $42.23. Intel Co. has a 1-year low of $26.85 and a 1-year high of $51.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54.

Intel (NASDAQ:INTC) last announced its quarterly earnings results 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 company had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The firm’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 earnings per share. As a group, equities research analysts predict that Intel Co. will post 0.6 EPS for the current year.

Intel Dividend Announcement

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

Insider Transactions at Intel

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $50.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. The Goldman Sachs Group decreased their price objective on Intel from $39.00 to $34.00 and set a “sell” rating for the company in a research report on Friday. UBS Group raised their price target on Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Roth Mkm reduced their price target on Intel from $45.00 to $35.00 and set a “neutral” rating for the company in a report on Friday. Finally, Mizuho reduced their price target on Intel from $55.00 to $45.00 and set a “buy” rating for the company in a report on Friday. Four analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Intel presently has a consensus 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.