Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 790 Shares of Intel Co. (NASDAQ:INTC)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its position in shares of Intel Co. (NASDAQ:INTC) by 0.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 87,407 shares of the chip maker’s stock after selling 790 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Intel were worth $4,392,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New Millennium Group LLC raised its holdings in Intel by 87.2% during the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after purchasing an additional 231 shares during the last quarter. Legacy Financial Group LLC bought a new stake in Intel during the 3rd quarter worth about $30,000. Raleigh Capital Management Inc. increased its stake in shares of Intel by 62.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after acquiring an additional 362 shares during the last quarter. Valued Wealth Advisors LLC bought a new stake in shares of Intel in the 4th quarter valued at about $36,000. Finally, Briaud Financial Planning Inc bought a new stake in shares of Intel in the 3rd quarter valued at about $40,000. 64.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

INTC has been the subject of a number of recent analyst reports. Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 price target on shares of Intel in a research note on Friday, February 23rd. TD Cowen lowered their price target 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. HSBC lowered their price target on Intel from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Friday, January 26th. Morgan Stanley boosted 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. Finally, The Goldman Sachs Group boosted their price objective on Intel from $34.00 to $39.00 and gave the company a “sell” rating in a research report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Intel has an average rating of “Hold” and an average price target of $42.62.

Intel Stock Performance

Shares of INTC traded up $0.21 during midday trading on Monday, reaching $34.41. 39,885,566 shares of the stock were exchanged, compared to its average volume of 46,896,105. The company has a market cap of $145.49 billion, a P/E ratio of 88.23, a PEG ratio of 3.07 and a beta of 1.00. The stock’s 50 day simple moving average is $41.66 and its 200 day simple moving average is $42.37. Intel Co. has a twelve month low of $26.85 and a twelve month high of $51.28. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. The business had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. Intel’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 earnings per share. On average, sell-side analysts expect that Intel Co. will post 0.61 earnings per share for the current year.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is presently 128.21%.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average price of $42.74 per share, with a total value of $119,672.00. Following the completion of the purchase, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Intel news, CEO Patrick P. Gelsinger bought 3,000 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were 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 directly owns 28,475 shares in the company, valued at approximately $1,234,676. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was acquired at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

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.