Courier Capital LLC Has $4.97 Million Stake in Intel Co. (NASDAQ:INTC)

Courier Capital LLC trimmed its position in Intel Co. (NASDAQ:INTC) by 3.3% in the first quarter, HoldingsChannel.com reports. The firm owned 112,508 shares of the chip maker’s stock after selling 3,871 shares during the period. Courier Capital LLC’s holdings in Intel were worth $4,969,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. New Millennium Group LLC raised its stake in Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after acquiring an additional 231 shares in the last quarter. Frazier Financial Advisors LLC acquired a new position in Intel during the fourth quarter worth $27,000. Burkett Financial Services LLC acquired a new position in Intel during the fourth quarter worth $27,000. Raleigh Capital Management Inc. raised its stake in Intel by 62.8% during the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after acquiring an additional 362 shares in the last quarter. Finally, Valued Wealth Advisors LLC acquired a new position in Intel during the fourth quarter worth $36,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger acquired 4,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were bought at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the purchase, the chief executive officer now directly owns 35,275 shares in the company, valued at approximately $1,108,340.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Intel news, CEO Patrick P. Gelsinger purchased 4,100 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were acquired at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the purchase, the chief executive officer now owns 39,375 shares in the company, valued at $1,192,668.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick P. Gelsinger purchased 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was acquired at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the purchase, the chief executive officer now owns 35,275 shares in the company, valued at approximately $1,108,340.50. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Intel Stock Up 1.2 %

Shares of NASDAQ:INTC traded up $0.38 during trading on Friday, hitting $30.97. 40,627,984 shares of the company’s stock traded hands, compared to its average volume of 46,836,656. Intel Co. has a 52 week low of $29.73 and a 52 week high of $51.28. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The company has a market cap of $131.84 billion, a price-to-earnings ratio of 32.47, a price-to-earnings-growth ratio of 14.56 and a beta of 1.06. The company has a 50-day moving average price of $31.24 and a 200-day moving average price of $39.68.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The firm had revenue of $12.72 billion during the quarter, compared to the consensus estimate of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%. As a group, research analysts forecast that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s dividend payout ratio is currently 52.08%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Mizuho dropped their price objective on Intel from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Wells Fargo & Company lowered their target price on Intel from $43.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Barclays lowered their target price on Intel from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Jefferies Financial Group started coverage on Intel in a research note on Monday, May 13th. They issued a “hold” rating and a $34.00 target price for the company. Finally, Bank of America decreased their price target on Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. Three analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Intel currently has a consensus rating of “Hold” and an average target price of $39.58.

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.