Intel Co. (NASDAQ:INTC) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. lessened its stake in Intel Co. (NASDAQ:INTCFree Report) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 284,056 shares of the chip maker’s stock after selling 1,325 shares during the period. Hartford Investment Management Co.’s holdings in Intel were worth $14,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC boosted its stake in shares of Intel by 100,953.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 51,133,863 shares of the chip maker’s stock worth $1,351,468,000 after buying an additional 51,083,262 shares during the period. Norges Bank acquired a new stake in shares of Intel during the fourth quarter worth about $1,092,939,000. Clearbridge Investments LLC boosted its stake in shares of Intel by 4,407.3% during the first quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker’s stock worth $814,727,000 after buying an additional 16,074,485 shares during the period. Barclays PLC boosted its stake in shares of Intel by 171.1% during the second quarter. Barclays PLC now owns 21,404,715 shares of the chip maker’s stock worth $715,773,000 after buying an additional 13,507,774 shares during the period. Finally, Morgan Stanley boosted its stake in shares of Intel by 29.8% during the fourth quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker’s stock worth $1,409,835,000 after buying an additional 12,241,200 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Raymond James decreased their target price on shares of Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. The Goldman Sachs Group increased their price target on shares of Intel from $34.00 to $39.00 and gave the stock a “sell” rating in a report on Friday, January 26th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Intel from $38.00 to $42.00 and gave the stock a “hold” rating in a report on Monday, December 18th. Susquehanna increased their price target on shares of Intel from $38.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, January 18th. Finally, UBS Group increased their price target on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday. Four equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $42.43.

Read Our Latest Analysis on INTC

Insider Buying and Selling

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

Intel Price Performance

Shares of INTC stock traded down $3.15 during trading hours on Wednesday, hitting $40.79. The company’s stock had a trading volume of 47,308,406 shares, compared to its average volume of 44,971,965. The business has a fifty day moving average of $43.63 and a 200-day moving average of $42.21. The stock has a market cap of $172.46 billion, a price-to-earnings ratio of 104.85, a P/E/G ratio of 4.64 and a beta of 1.00. Intel Co. has a twelve month low of $26.85 and a twelve month high of $51.28. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTCGet Free Report) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same period in the prior year, the business earned $0.10 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, equities research analysts anticipate that Intel Co. will post 0.64 EPS for the current year.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.23%. Intel’s dividend payout ratio (DPR) is currently 128.21%.

Intel Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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