Woodstock Corp Sells 697 Shares of Intel Co. (NASDAQ:INTC)

Woodstock Corp lessened its stake in shares of Intel Co. (NASDAQ:INTC – Get Rating) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,200 shares of the chip maker’s stock after selling 697 shares during the period. Woodstock Corp’s holdings in Intel were worth $772,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Frontier Wealth Management LLC boosted its stake in Intel by 0.5% during the 1st quarter. Frontier Wealth Management LLC now owns 46,894 shares of the chip maker’s stock valued at $2,181,000 after purchasing an additional 253 shares during the last quarter. West Michigan Advisors LLC boosted its stake in Intel by 5.4% during the 1st quarter. West Michigan Advisors LLC now owns 5,137 shares of the chip maker’s stock valued at $255,000 after purchasing an additional 262 shares during the last quarter. Crawford Investment Counsel Inc. boosted its stake in Intel by 1.2% during the 2nd quarter. Crawford Investment Counsel Inc. now owns 25,830 shares of the chip maker’s stock valued at $966,000 after purchasing an additional 294 shares during the last quarter. Retirement Income Solutions Inc boosted its stake in Intel by 5.1% during the 1st quarter. Retirement Income Solutions Inc now owns 6,338 shares of the chip maker’s stock valued at $314,000 after purchasing an additional 307 shares during the last quarter. Finally, Roberts Glore & Co. Inc. IL boosted its stake in Intel by 0.4% during the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 82,863 shares of the chip maker’s stock valued at $3,100,000 after purchasing an additional 320 shares during the last quarter. Institutional investors own 59.48% of the company’s stock.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger purchased 9,700 shares of the company’s stock in a transaction that occurred on Thursday, February 23rd. The stock was bought at an average price of $25.68 per share, for a total transaction of $249,096.00. Following the completion of the transaction, the chief executive officer now owns 18,700 shares in the company, valued at approximately $480,216. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Intel news, CEO Patrick P. Gelsinger bought 9,000 shares of the company’s stock in a transaction on Tuesday, January 31st. The stock was acquired at an average price of $27.83 per share, for a total transaction of $250,470.00. Following the completion of the transaction, the chief executive officer now directly owns 9,000 shares of the company’s stock, valued at $250,470. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Patrick P. Gelsinger bought 9,700 shares of the company’s stock in a transaction on Thursday, February 23rd. The shares were acquired at an average price of $25.68 per share, with a total value of $249,096.00. Following the transaction, the chief executive officer now directly owns 18,700 shares of the company’s stock, valued at $480,216. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 20,500 shares of company stock worth $549,768. Corporate insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on INTC. Robert W. Baird cut their target price on Intel from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, January 27th. Cowen assumed coverage on Intel in a research note on Monday, November 21st. They issued a “market perform” rating and a $31.00 price target on the stock. Raymond James assumed coverage on Intel in a research note on Wednesday, March 1st. They issued an “outperform” rating and a $30.00 price target on the stock. Susquehanna upgraded Intel from a “negative” rating to a “neutral” rating and raised their price target for the stock from $23.00 to $26.00 in a research note on Thursday. Finally, Cowen dropped their price target on Intel from $31.00 to $26.00 and set a “market perform” rating on the stock in a research note on Friday, January 27th. Eight equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $29.38.

Intel Trading Down 1.2 %

Shares of INTC stock opened at $29.81 on Friday. Intel Co. has a 12-month low of $24.59 and a 12-month high of $52.51. The company has a current ratio of 1.57, a quick ratio of 1.16 and a debt-to-equity ratio of 0.36. The stock’s 50-day moving average price is $28.09 and its 200-day moving average price is $28.14. The stock has a market capitalization of $123.32 billion, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 8.95 and a beta of 0.81.

Intel (NASDAQ:INTC – Get Rating) last issued its earnings results on Thursday, January 26th. The chip maker reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.10). Intel had a return on equity of 7.45% and a net margin of 12.71%. The firm had revenue of $14.04 billion during the quarter, compared to the consensus estimate of $14.49 billion. During the same period last year, the firm posted $1.09 earnings per share. The company’s revenue for the quarter was down 31.6% compared to the same quarter last year. Equities research analysts predict that Intel Co. will post 0.55 EPS for the current fiscal year.

Intel Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Sunday, May 7th will be given a $0.125 dividend. The ex-dividend date of this dividend is Thursday, May 4th. This represents a $0.50 annualized dividend and a yield of 1.68%. Intel’s dividend payout ratio is currently 74.49%.

Intel Company Profile

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Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Network and Edge (NEX), Mobileye, Accelerated Computing Systems and Graphics (AXG), Intel Foundry Services (IFS), and All Other.