CapWealth Advisors LLC Cuts Stake in Intel Co. (NASDAQ:INTC)

CapWealth Advisors LLC reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 1.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 469,061 shares of the chip maker’s stock after selling 6,062 shares during the quarter. Intel comprises approximately 2.3% of CapWealth Advisors LLC’s holdings, making the stock its 16th largest position. CapWealth Advisors LLC’s holdings in Intel were worth $20,718,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its position in Intel by 3.9% in the first quarter. Proficio Capital Partners LLC now owns 9,067 shares of the chip maker’s stock worth $400,000 after purchasing an additional 343 shares during the last quarter. Comprehensive Financial Consultants Institutional Inc. increased its position in Intel by 5.0% in the first quarter. Comprehensive Financial Consultants Institutional Inc. now owns 7,151 shares of the chip maker’s stock worth $316,000 after purchasing an additional 342 shares during the last quarter. Wulff Hansen & CO. increased its position in Intel by 11.4% in the first quarter. Wulff Hansen & CO. now owns 37,447 shares of the chip maker’s stock worth $1,698,000 after purchasing an additional 3,845 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in Intel by 2.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 210,221 shares of the chip maker’s stock worth $9,283,000 after purchasing an additional 4,884 shares during the last quarter. Finally, Hoertkorn Richard Charles increased its position in Intel by 49.3% in the first quarter. Hoertkorn Richard Charles now owns 151,092 shares of the chip maker’s stock worth $6,674,000 after purchasing an additional 49,910 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Intel Stock Up 1.8 %

Intel stock traded up $0.60 during trading hours on Tuesday, reaching $34.59. The stock had a trading volume of 97,593,864 shares, compared to its average volume of 47,124,172. The company has a market cap of $147.25 billion, a price-to-earnings ratio of 36.03, a PEG ratio of 15.26 and a beta of 1.05. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. The business’s 50 day moving average price is $30.94 and its 200-day moving average price is $38.76. Intel Co. has a 52 week low of $29.73 and a 52 week high of $51.28.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 2.19% and a net margin of 7.36%. Sell-side analysts anticipate that Intel Co. will post 0.09 EPS for the current year.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th were issued a $0.125 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.45%. Intel’s dividend payout ratio is presently 52.08%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on INTC shares. Stifel Nicolaus restated a “hold” rating and issued a $45.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Rosenblatt Securities reiterated a “sell” rating and set a $17.00 price objective on shares of Intel in a research report on Friday, April 26th. Benchmark reiterated a “buy” rating and set a $62.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Wedbush cut their price objective on shares of Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Finally, HSBC cut their price objective on shares of Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a research report on Tuesday, April 23rd. Three investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $39.58.

About Intel

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.