Means Investment CO. Inc. decreased its position in Intel Co. (NASDAQ:INTC) by 2.7% during the 1st quarter, Holdings Channel reports. The fund owned 45,221 shares of the chip maker’s stock after selling 1,250 shares during the quarter. Means Investment CO. Inc.’s holdings in Intel were worth $2,894,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Curi Capital acquired a new stake in Intel during the fourth quarter worth approximately $26,000. DB Wealth Management Group LLC acquired a new stake in Intel during the fourth quarter worth approximately $29,000. Annapolis Financial Services LLC acquired a new stake in Intel during the fourth quarter worth approximately $30,000. Ogorek Anthony Joseph NY ADV acquired a new stake in Intel during the fourth quarter worth approximately $31,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in Intel during the fourth quarter worth approximately $42,000. 63.25% of the stock is currently owned by institutional investors.

In other news, CEO Robert Holmes Swan purchased 27,244 shares of the business’s stock in a transaction dated Monday, January 25th. The stock was acquired at an average price of $55.57 per share, with a total value of $1,513,949.08. Following the purchase, the chief executive officer now directly owns 330,774 shares of the company’s stock, valued at approximately $18,381,111.18. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO George S. Davis purchased 9,095 shares of the business’s stock in a transaction dated Tuesday, January 26th. The shares were purchased at an average cost of $55.34 per share, with a total value of $503,317.30. Following the purchase, the chief financial officer now directly owns 71,223 shares in the company, valued at $3,941,480.82. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

INTC has been the topic of a number of research analyst reports. Roth Capital raised their price objective on shares of Intel from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, March 30th. Barclays lifted their target price on shares of Intel from $50.00 to $53.00 and gave the company an “underweight” rating in a report on Friday, January 22nd. Mizuho lifted their target price on shares of Intel from $70.00 to $72.00 in a report on Wednesday, March 24th. Evercore ISI lifted their target price on shares of Intel from $68.00 to $75.00 and gave the company an “in-line” rating in a report on Tuesday, March 30th. Finally, Royal Bank of Canada lifted their target price on shares of Intel from $40.00 to $47.00 and gave the company a “sell” rating in a report on Friday, January 22nd. Eleven investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. Intel currently has a consensus rating of “Hold” and an average price target of $63.64.

Shares of NASDAQ:INTC traded up $0.18 during midday trading on Thursday, hitting $66.43. 371,642 shares of the stock were exchanged, compared to its average volume of 36,173,594. The stock has a market cap of $270.53 billion, a P/E ratio of 12.99, a PEG ratio of 1.63 and a beta of 0.74. The company has a current ratio of 1.66, a quick ratio of 1.24 and a debt-to-equity ratio of 0.48. Intel Co. has a twelve month low of $43.61 and a twelve month high of $67.44. The company has a 50 day moving average price of $62.88 and a 200-day moving average price of $54.07.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Wednesday, January 20th. The chip maker reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.42. The business had revenue of $19.98 billion during the quarter, compared to the consensus estimate of $17.47 billion. Intel had a return on equity of 29.44% and a net margin of 28.10%. During the same quarter in the previous year, the company posted $1.52 EPS. On average, equities research analysts expect that Intel Co. will post 4.89 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 1st. Stockholders of record on Friday, May 7th will be paid a dividend of $0.3475 per share. This represents a $1.39 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, May 6th. Intel’s dividend payout ratio (DPR) is presently 28.54%.

About Intel

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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