Fiduciary Group LLC Has $1.46 Million Stake in Intel Co. (NASDAQ:INTC)

Fiduciary Group LLC decreased its stake in shares of Intel Co. (NASDAQ:INTC) by 10.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 28,980 shares of the chip maker’s stock after selling 3,430 shares during the period. Fiduciary Group LLC’s holdings in Intel were worth $1,456,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Intel by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 381,109,738 shares of the chip maker’s stock valued at $13,548,451,000 after purchasing an additional 1,624,453 shares during the period. Primecap Management Co. CA grew its position in Intel by 6.0% in the 3rd quarter. Primecap Management Co. CA now owns 74,762,291 shares of the chip maker’s stock valued at $2,657,799,000 after purchasing an additional 4,226,790 shares during the period. Northern Trust Corp grew its position in Intel by 3.7% in the 3rd quarter. Northern Trust Corp now owns 46,003,776 shares of the chip maker’s stock valued at $1,635,434,000 after purchasing an additional 1,626,127 shares during the period. Bank of New York Mellon Corp grew its position in Intel by 18.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 38,720,686 shares of the chip maker’s stock valued at $1,376,520,000 after purchasing an additional 6,064,950 shares during the period. Finally, Invesco Ltd. grew its position in Intel by 13.4% in the 3rd quarter. Invesco Ltd. now owns 35,788,068 shares of the chip maker’s stock valued at $1,272,266,000 after purchasing an additional 4,222,381 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Up 0.2 %

INTC stock opened at $31.95 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $135.08 billion, a PE ratio of 33.24, a PEG ratio of 2.89 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 stock has a 50-day simple moving average of $40.88 and a two-hundred day simple moving average of $42.30.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.27 by $0.27. Intel had a return on equity of 2.19% and a net margin of 7.36%. The company had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the previous year, the firm earned $0.10 earnings per share. Intel’s revenue was up 9.7% on a year-over-year basis. On average, equities analysts predict that Intel Co. will post 0.6 EPS for the current fiscal year.

Intel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s payout ratio is 52.08%.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger bought 2,800 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.04% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. TD Cowen dropped their price objective on Intel from $42.00 to $35.00 and set a “hold” rating on the stock in a research note on Friday. Mizuho dropped their price objective on Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday. Rosenblatt Securities restated a “sell” rating and set a $17.00 price objective on shares of Intel in a research note on Friday. Roth Mkm dropped their price objective on Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Truist Financial dropped their price objective on Intel from $45.00 to $33.00 and set a “hold” rating on the stock in a research note on Friday. Four analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $39.75.

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.