Anchor Capital Advisors LLC Has $526,000 Stake in Intel Co. (NASDAQ:INTC)

Anchor Capital Advisors LLC lessened its position in shares of Intel Co. (NASDAQ:INTC) by 5.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,910 shares of the chip maker’s stock after selling 630 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Intel were worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. New Millennium Group LLC grew its stake in shares of 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 purchasing an additional 231 shares during the period. Frazier Financial Advisors LLC acquired a new stake in Intel during the fourth quarter worth approximately $27,000. Burkett Financial Services LLC bought a new stake in Intel during the fourth quarter worth $27,000. Tributary Capital Management LLC bought a new position in shares of Intel in the 1st quarter valued at $27,000. Finally, Raleigh Capital Management Inc. raised its position in Intel by 62.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after purchasing an additional 362 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

Shares of INTC stock traded down $0.07 during midday trading on Monday, hitting $34.42. The company had a trading volume of 27,627,746 shares, compared to its average volume of 47,196,684. The company’s 50 day simple moving average is $31.16 and its 200 day simple moving average is $38.43. The stock has a market cap of $146.53 billion, a price-to-earnings ratio of 35.95, a PEG ratio of 16.44 and a beta of 1.05. Intel Co. has a 52-week low of $29.73 and a 52-week high of $51.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Intel had a return on equity of 2.19% and a net margin of 7.36%. The company had revenue of $12.72 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Research analysts anticipate that Intel Co. will post 0.09 earnings per share for the current fiscal year.

Intel Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Truist Financial decreased their price target on Intel from $45.00 to $33.00 and set a “hold” rating for the company in a report on Friday, April 26th. Roth Mkm cut their price target on Intel from $45.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. Barclays dropped their target price on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, April 26th. Finally, TD Cowen lowered their price target on shares of Intel from $42.00 to $35.00 and set a “hold” rating on the stock in a report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $39.58.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger acquired 4,100 shares of Intel stock in a transaction on Wednesday, May 1st. The shares were purchased at an average price of $30.29 per share, with a total value of $124,189.00. Following the acquisition, the chief executive officer now owns 39,375 shares in the company, valued at $1,192,668.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Intel news, CEO Patrick P. Gelsinger bought 4,100 shares of the stock in a transaction dated Wednesday, May 1st. The shares were bought at an average cost of $30.29 per share, with a total value of $124,189.00. Following the completion of the acquisition, the chief executive officer now owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger bought 4,000 shares of the stock in a transaction dated Monday, April 29th. The shares were acquired at an average cost 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 of the company’s stock, 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 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.