Sheets Smith Wealth Management lowered its stake in Intel Co. (NASDAQ:INTC) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,075 shares of the chip maker’s stock after selling 227 shares during the period. Sheets Smith Wealth Management’s holdings in Intel were worth $848,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. JLB & Associates Inc. raised its holdings in shares of Intel by 4.3% in the fourth quarter. JLB & Associates Inc. now owns 33,873 shares of the chip maker’s stock worth $1,589,000 after buying an additional 1,402 shares during the last quarter. Carroll Financial Associates Inc. raised its holdings in shares of Intel by 4.1% during the fourth quarter. Carroll Financial Associates Inc. now owns 24,699 shares of the chip maker’s stock worth $1,171,000 after purchasing an additional 983 shares during the last quarter. Northstar Investment Advisors LLC raised its holdings in shares of Intel by 1.8% during the fourth quarter. Northstar Investment Advisors LLC now owns 310,291 shares of the chip maker’s stock worth $14,562,000 after purchasing an additional 5,365 shares during the last quarter. First Hawaiian Bank raised its holdings in shares of Intel by 21.7% during the fourth quarter. First Hawaiian Bank now owns 107,751 shares of the chip maker’s stock worth $5,057,000 after purchasing an additional 19,234 shares during the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. raised its holdings in shares of Intel by 1.8% during the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 34,993 shares of the chip maker’s stock worth $1,642,000 after purchasing an additional 602 shares during the last quarter. 64.67% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently issued reports on INTC shares. BidaskClub cut shares of Intel from a “buy” rating to a “hold” rating in a report on Thursday, January 17th. Royal Bank of Canada reissued a “neutral” rating and set a $55.00 target price on shares of Intel in a report on Wednesday, January 23rd. Morgan Stanley raised shares of Intel from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $55.00 to $64.00 in a report on Friday, February 22nd. Citigroup restated a “buy” rating and set a $54.00 price target (up previously from $50.00) on shares of Intel in a research report on Friday, January 11th. Finally, Goldman Sachs Group restated a “sell” rating and set a $44.00 price target on shares of Intel in a research report on Tuesday, January 8th. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $54.33.

In other Intel news, EVP Navin Shenoy sold 1,518 shares of Intel stock in a transaction dated Monday, January 28th. The shares were sold at an average price of $46.11, for a total transaction of $69,994.98. Following the transaction, the executive vice president now directly owns 52,419 shares of the company’s stock, valued at $2,417,040.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Andy D. Bryant sold 11,734 shares of Intel stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $53.03, for a total transaction of $622,254.02. The disclosure for this sale can be found here. Insiders have sold 40,261 shares of company stock worth $2,116,147 over the last ninety days. 0.03% of the stock is owned by insiders.

Shares of INTC stock opened at $53.26 on Monday. The company has a current ratio of 1.73, a quick ratio of 1.30 and a debt-to-equity ratio of 0.34. Intel Co. has a 12 month low of $42.36 and a 12 month high of $57.60. The stock has a market cap of $249.17 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 1.40 and a beta of 0.79.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 24th. The chip maker reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. Intel had a net margin of 29.72% and a return on equity of 30.08%. The company had revenue of $18.66 billion for the quarter, compared to the consensus estimate of $19.02 billion. During the same period in the previous year, the firm earned $1.08 earnings per share. Intel’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, research analysts anticipate that Intel Co. will post 4.5 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be paid a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio (DPR) is presently 27.51%.

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About Intel

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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