Transcend Capital Advisors LLC Reduces Stock Holdings in Intel Co. (NASDAQ:INTC)

Transcend Capital Advisors LLC decreased its stake in Intel Co. (NASDAQ:INTC) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 53,813 shares of the chip maker’s stock after selling 470 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Intel were worth $2,704,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Opinicus Capital Inc. purchased a new position in Intel during the 4th quarter valued at $1,141,000. Russell Investments Group Ltd. boosted its holdings in Intel by 17.4% during the 4th quarter. Russell Investments Group Ltd. now owns 3,502,216 shares of the chip maker’s stock valued at $176,042,000 after acquiring an additional 520,263 shares during the period. Private Wealth Partners LLC boosted its holdings in Intel by 1.0% during the 4th quarter. Private Wealth Partners LLC now owns 39,370 shares of the chip maker’s stock valued at $1,978,000 after acquiring an additional 400 shares during the period. Valmark Advisers Inc. boosted its holdings in Intel by 24.4% during the 4th quarter. Valmark Advisers Inc. now owns 12,288 shares of the chip maker’s stock valued at $617,000 after acquiring an additional 2,414 shares during the period. Finally, Addison Advisors LLC boosted its holdings in Intel by 92.3% during the 4th quarter. Addison Advisors LLC now owns 4,576 shares of the chip maker’s stock valued at $230,000 after acquiring an additional 2,196 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger purchased 2,800 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were acquired at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the purchase, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Patrick P. Gelsinger bought 2,800 shares of the stock in a transaction dated Thursday, February 1st. The shares were purchased at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the purchase, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Patrick P. Gelsinger bought 3,000 shares of the stock in a transaction dated Monday, January 29th. The stock was bought at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the purchase, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at $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 9.2 %

NASDAQ:INTC traded down $3.23 during mid-day trading on Friday, hitting $31.88. 119,742,494 shares of the company’s stock traded hands, compared to its average volume of 50,613,192. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The company has a fifty day moving average of $40.88 and a 200 day moving average of $42.27. The company has a market capitalization of $134.79 billion, a P/E ratio of 33.21, a P/E/G ratio of 2.89 and a beta of 1.00. Intel Co. has a twelve month low of $26.85 and a twelve month high of $51.28.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.27. The business had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.16 billion. Intel had a return on equity of 2.22% and a net margin of 7.36%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 EPS. On average, analysts forecast that Intel Co. will post 0.6 EPS for the current year.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.57%. Intel’s payout ratio is presently 52.08%.

Wall Street Analyst Weigh In

INTC has been the subject of a number of recent analyst reports. TD Cowen dropped their price objective on Intel from $42.00 to $35.00 and set a “hold” rating for the company in a report on Friday. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $50.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Wedbush decreased their target price on Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a research report on Friday. The Goldman Sachs Group decreased their target price on Intel from $39.00 to $34.00 and set a “sell” rating for the company in a research report on Friday. Finally, Raymond James decreased their target price on Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock 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.