Oakworth Capital Inc. Lowers Stock Holdings in Intel Co. (NASDAQ:INTC)

Oakworth Capital Inc. trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 24,756 shares of the chip maker’s stock after selling 604 shares during the period. Oakworth Capital Inc.’s holdings in Intel were worth $1,244,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of INTC. New Millennium Group LLC raised its position in Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares in the last quarter. Valued Wealth Advisors LLC acquired a new stake in shares of Intel during the 4th quarter worth about $36,000. Cornerstone Planning Group LLC acquired a new stake in shares of Intel during the 2nd quarter worth about $25,000. Lumature Wealth Partners LLC increased its position in Intel by 146.7% during the first quarter. Lumature Wealth Partners LLC now owns 824 shares of the chip maker’s stock worth $41,000 after buying an additional 490 shares during the period. Finally, Legacy Financial Group LLC acquired a new position in Intel during the third quarter worth approximately $30,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger bought 2,800 shares of the stock in a transaction on Thursday, February 1st. The stock was purchased at an average price of $42.74 per share, with a total value of $119,672.00. Following the acquisition, the chief executive officer now owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Patrick P. Gelsinger bought 3,000 shares of Intel stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average cost of $43.36 per share, with a total value of $130,080.00. Following the purchase, the chief executive officer now owns 28,475 shares in the company, valued at $1,234,676. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Patrick P. Gelsinger bought 2,800 shares of Intel stock in a transaction that occurred on Thursday, February 1st. The stock was bought at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the purchase, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by corporate insiders.

Intel Price Performance

Shares of NASDAQ:INTC traded down $0.73 during trading on Wednesday, reaching $35.53. The stock had a trading volume of 22,953,042 shares, compared to its average volume of 46,667,230. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28. The business’s 50-day moving average price is $42.32 and its 200 day moving average price is $42.40. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. The stock has a market capitalization of $150.22 billion, a PE ratio of 91.28, a P/E/G ratio of 3.21 and a beta of 1.00.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping 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 firm had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same quarter in the previous year, the company posted $0.10 EPS. Intel’s revenue was up 9.7% on a year-over-year basis. As a group, equities analysts predict that Intel Co. will post 0.62 earnings per share for the current year.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.41%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is presently 128.21%.

Analyst Ratings Changes

Several research analysts have commented on the company. Benchmark reiterated a “buy” rating and issued a $62.00 target price on shares of Intel in a research note on Wednesday, April 3rd. Morgan Stanley lifted their price target on Intel from $39.00 to $48.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Rosenblatt Securities restated a “sell” rating and issued a $17.00 price target on shares of Intel in a research note on Friday, February 23rd. Mizuho decreased their price target on Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Finally, The Goldman Sachs Group boosted their target price on Intel from $34.00 to $39.00 and gave the stock a “sell” rating in a research report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $42.62.

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.