Flynn Zito Capital Management LLC Sells 906 Shares of Intel Co. (NASDAQ:INTC)

Flynn Zito Capital Management LLC reduced its holdings in Intel Co. (NASDAQ:INTC) by 13.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,984 shares of the chip maker’s stock after selling 906 shares during the quarter. Flynn Zito Capital Management LLC’s holdings in Intel were worth $301,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. New Millennium Group LLC grew its position in shares of Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after buying an additional 231 shares during the last quarter. Valued Wealth Advisors LLC bought a new stake in shares of Intel during the fourth quarter valued at approximately $36,000. Cornerstone Planning Group LLC bought a new stake in shares of Intel during the second quarter valued at approximately $25,000. Lumature Wealth Partners LLC boosted its position in shares of Intel by 146.7% during the first quarter. Lumature Wealth Partners LLC now owns 824 shares of the chip maker’s stock valued at $41,000 after purchasing an additional 490 shares in the last quarter. Finally, Legacy Financial Group LLC bought a new stake in shares of Intel during the third quarter valued at approximately $30,000. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on INTC. Barclays lifted their price target on Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 16th. Wedbush reiterated a “neutral” rating and set a $40.00 price objective on shares of Intel in a research note on Wednesday. Susquehanna lowered their price objective on Intel from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday. TD Cowen lowered their price objective on Intel from $45.00 to $42.00 and set a “market perform” rating for the company in a research note on Friday, January 26th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $42.62.

Intel Stock Performance

INTC stock traded down $0.64 during trading on Thursday, reaching $35.04. The stock had a trading volume of 41,795,249 shares, compared to its average volume of 46,666,727. 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 stock’s 50 day moving average is $42.18 and its two-hundred day moving average is $42.35. The firm has a market cap of $148.15 billion, a PE ratio of 89.75, a PEG ratio of 3.21 and a beta of 1.00. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. The business had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.10 earnings per share. As a group, equities analysts anticipate that Intel Co. will post 0.62 earnings per share for the current year.

Intel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Tuesday, February 6th. Intel’s payout ratio is 128.21%.

Insiders Place Their Bets

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

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.