South Dakota Investment Council Sells 9,200 Shares of Intel Co. (NASDAQ:INTC)

South Dakota Investment Council lessened its holdings in Intel Co. (NASDAQ:INTC) by 2.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 318,348 shares of the chip maker’s stock after selling 9,200 shares during the quarter. South Dakota Investment Council’s holdings in Intel were worth $15,997,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. Douglas Lane & Associates LLC lifted its stake in Intel by 3.6% during the 3rd quarter. Douglas Lane & Associates LLC now owns 45,999 shares of the chip maker’s stock valued at $1,635,000 after acquiring an additional 1,600 shares during the period. Traynor Capital Management Inc. lifted its position in Intel by 7.0% during the third quarter. Traynor Capital Management Inc. now owns 9,939 shares of the chip maker’s stock valued at $353,000 after purchasing an additional 648 shares in the last quarter. Flagship Harbor Advisors LLC lifted its position in Intel by 8.5% during the third quarter. Flagship Harbor Advisors LLC now owns 30,164 shares of the chip maker’s stock valued at $1,072,000 after purchasing an additional 2,369 shares in the last quarter. Impact Partnership Wealth LLC grew its holdings in Intel by 85.8% during the third quarter. Impact Partnership Wealth LLC now owns 4,162 shares of the chip maker’s stock valued at $148,000 after purchasing an additional 1,922 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its position in Intel by 70.1% in the third quarter. Fifth Third Wealth Advisors LLC now owns 11,648 shares of the chip maker’s stock worth $414,000 after buying an additional 4,800 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

INTC has been the subject of a number of recent research reports. Evercore ISI began coverage on Intel in a research note on Tuesday, April 16th. They set an “in-line” rating and a $40.00 price objective for the company. TD Cowen reduced their price objective on shares of Intel from $45.00 to $42.00 and set a “market perform” rating for the company in a research note on Friday, January 26th. Barclays raised their price objective on shares of Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 16th. Citigroup dropped their target price on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a report on Monday, April 15th. Finally, Truist Financial restated a “hold” rating and issued a $45.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Four 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.com, the stock currently has an average rating of “Hold” and an average target price of $42.38.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger bought 2,800 shares of Intel stock in a transaction dated Thursday, February 1st. The shares were acquired at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the transaction, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other Intel news, CEO Patrick P. Gelsinger acquired 2,800 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were purchased at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the purchase, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of Intel stock in a transaction that occurred on Monday, January 29th. The stock was acquired at an average cost of $43.36 per share, with a total value 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. 0.04% of the stock is owned by company insiders.

Intel Trading Down 0.4 %

Shares of NASDAQ INTC traded down $0.13 during trading hours on Tuesday, hitting $34.28. 46,719,967 shares of the company traded hands, compared to its average volume of 46,893,191. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28. The stock has a market capitalization of $144.94 billion, a price-to-earnings ratio of 87.90, a price-to-earnings-growth ratio of 3.07 and a beta of 1.00. The company’s 50 day moving average price is $41.66 and its 200 day moving average price is $42.37.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $15.16 billion. During the same quarter last year, the business earned $0.10 EPS. The business’s revenue was up 9.7% on a year-over-year basis. On average, equities research analysts anticipate that Intel Co. will post 0.61 earnings per share for the current fiscal year.

Intel Dividend Announcement

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

About Intel

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.