Symmetry Partners LLC Has $270,000 Stake in Intel Co. (NASDAQ:INTC)

Symmetry Partners LLC trimmed its holdings in shares of Intel Co. (NASDAQ:INTC – Get Rating) by 30.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,231 shares of the chip maker’s stock after selling 4,557 shares during the period. Symmetry Partners LLC’s holdings in Intel were worth $270,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. O Dell Group LLC increased its stake in shares of Intel by 258.1% in the 3rd quarter. O Dell Group LLC now owns 974 shares of the chip maker’s stock valued at $25,000 after buying an additional 702 shares during the period. Islay Capital Management LLC acquired a new stake in shares of Intel in the 3rd quarter valued at $26,000. Mach 1 Financial Group LLC acquired a new stake in shares of Intel in the 3rd quarter valued at $29,000. Grayhawk Investment Strategies Inc. acquired a new stake in shares of Intel in the 2nd quarter valued at $36,000. Finally, Lowe Wealth Advisors LLC increased its stake in shares of Intel by 46.2% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 1,592 shares of the chip maker’s stock valued at $41,000 after buying an additional 503 shares during the period. 59.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Intel news, CFO David Zinsner purchased 1,800 shares of the stock in a transaction on Monday, January 30th. The shares were purchased at an average price of $27.89 per share, with a total value of $50,202.00. Following the completion of the transaction, the chief financial officer now directly owns 17,450 shares in the company, valued at $486,680.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Patrick P. Gelsinger acquired 9,700 shares of Intel stock in a transaction dated Thursday, February 23rd. The stock was bought at an average price of $25.68 per share, for a total transaction of $249,096.00. Following the completion of the acquisition, the chief executive officer now directly owns 18,700 shares in the company, valued at approximately $480,216. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David Zinsner acquired 1,800 shares of Intel stock in a transaction dated Monday, January 30th. The shares were purchased at an average price of $27.89 per share, with a total value of $50,202.00. Following the acquisition, the chief financial officer now owns 17,450 shares of the company’s stock, valued at $486,680.50. The disclosure for this purchase can be found here. Insiders have acquired a total of 20,500 shares of company stock valued at $549,768 over the last 90 days. 0.02% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on INTC shares. Evercore ISI set a $30.00 target price on Intel in a research note on Wednesday, November 23rd. Needham & Company LLC restated a “buy” rating and issued a $32.00 price target on shares of Intel in a research report on Thursday, February 23rd. Credit Suisse Group set a $25.00 price target on Intel in a research report on Thursday, February 23rd. Mizuho reduced their price target on Intel from $32.00 to $29.00 and set a “neutral” rating on the stock in a research report on Friday, January 27th. Finally, Northland Securities reduced their price target on Intel from $52.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, January 27th. Eight analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus price target of $29.38.

Intel Price Performance

NASDAQ:INTC opened at $29.81 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.16 and a current ratio of 1.57. The stock’s 50-day simple moving average is $28.09 and its 200 day simple moving average is $28.14. The company has a market cap of $123.32 billion, a P/E ratio of 15.21, a P/E/G ratio of 8.95 and a beta of 0.81. Intel Co. has a 52-week low of $24.59 and a 52-week high of $52.51.

Intel (NASDAQ:INTC – Get Rating) last released its earnings results on Thursday, January 26th. The chip maker reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.10). The company had revenue of $14.04 billion during the quarter, compared to analyst estimates of $14.49 billion. Intel had a net margin of 12.71% and a return on equity of 7.45%. Intel’s revenue was down 31.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 EPS. As a group, sell-side analysts forecast that Intel Co. will post 0.55 EPS for the current fiscal year.

Intel Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Sunday, 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 1.68%. The ex-dividend date is Thursday, May 4th. Intel’s dividend payout ratio (DPR) is presently 74.49%.

About Intel

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Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Network and Edge (NEX), Mobileye, Accelerated Computing Systems and Graphics (AXG), Intel Foundry Services (IFS), and All Other.