Intel Co. (NASDAQ:INTC) Shares Sold by Schnieders Capital Management LLC

Schnieders Capital Management LLC cut its stake in shares of Intel Co. (NASDAQ:INTC) by 21.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 70,140 shares of the chip maker’s stock after selling 19,710 shares during the quarter. Schnieders Capital Management LLC’s holdings in Intel were worth $3,525,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. California Public Employees Retirement System grew its holdings in Intel by 102.6% in the fourth quarter. California Public Employees Retirement System now owns 16,074,760 shares of the chip maker’s stock valued at $807,757,000 after purchasing an additional 8,140,835 shares during the last quarter. Bank of New York Mellon Corp grew its stake in 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 valued at $1,376,520,000 after acquiring an additional 6,064,950 shares during the last quarter. Wellington Management Group LLP increased its holdings in Intel by 17.8% during the 3rd quarter. Wellington Management Group LLP now owns 34,564,037 shares of the chip maker’s stock valued at $1,228,752,000 after acquiring an additional 5,217,549 shares in the last quarter. Alecta Tjanstepension Omsesidigt purchased a new position in Intel during the 4th quarter valued at about $251,250,000. Finally, Parnassus Investments LLC raised its position in Intel by 24.7% during the third quarter. Parnassus Investments LLC now owns 23,369,134 shares of the chip maker’s stock worth $830,773,000 after acquiring an additional 4,631,905 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Activity at Intel

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

Intel Stock Down 0.4 %

NASDAQ:INTC traded down $0.13 on Tuesday, hitting $34.28. 46,719,967 shares of the company’s stock traded hands, compared to its average volume of 46,893,191. The firm has a 50-day moving average price of $41.48 and a 200-day moving average price of $42.36. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. The company has a market cap of $144.94 billion, a PE ratio of 87.90, a price-to-earnings-growth ratio of 3.07 and a beta of 1.00. Intel Co. has a 1 year low of $26.85 and a 1 year high of $51.28.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating 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 company earned $0.10 earnings per share. The company’s revenue was up 9.7% compared to the same quarter last year. Equities analysts anticipate that Intel Co. will post 0.61 EPS for the current fiscal year.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is currently 128.21%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on INTC. Morgan Stanley upped their price objective on Intel from $39.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. The Goldman Sachs Group upped their target price on shares of Intel from $34.00 to $39.00 and gave the company a “sell” rating in a report on Friday, January 26th. HSBC lowered their price target on shares of Intel from $44.00 to $37.00 and set a “hold” rating for the company in a report on Tuesday. Bank of America cut their price objective on shares of Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Finally, Benchmark restated a “buy” rating and set a $62.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Four investment 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.38.

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.