John G Ullman & Associates Inc. Sells 5,215 Shares of Intel Co. (NASDAQ:INTC)

John G Ullman & Associates Inc. cut its holdings in Intel Co. (NASDAQ:INTC) by 1.6% during the 4th quarter, HoldingsChannel reports. The fund owned 319,631 shares of the chip maker’s stock after selling 5,215 shares during the quarter. Intel accounts for approximately 2.5% of John G Ullman & Associates Inc.’s holdings, making the stock its 8th largest position. John G Ullman & Associates Inc.’s holdings in Intel were worth $16,061,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cantor Fitzgerald Investment Advisor L.P lifted its position in Intel by 173.6% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 539,976 shares of the chip maker’s stock worth $26,761,000 after purchasing an additional 342,649 shares during the period. Axiom Financial Strategies LLC lifted its holdings in shares of Intel by 21.6% in the first quarter. Axiom Financial Strategies LLC now owns 5,944 shares of the chip maker’s stock worth $260,000 after acquiring an additional 1,056 shares during the last quarter. Fairfield Bush & CO. bought a new position in shares of Intel in the first quarter worth about $142,000. Retirement Income Solutions Inc lifted its holdings in shares of Intel by 5.1% in the first quarter. Retirement Income Solutions Inc now owns 6,338 shares of the chip maker’s stock worth $314,000 after acquiring an additional 307 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Intel by 26.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,863,459 shares of the chip maker’s stock worth $290,593,000 after acquiring an additional 1,244,247 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of NASDAQ:INTC traded down $0.79 during midday trading on Friday, reaching $34.25. The company had a trading volume of 38,036,023 shares, compared to its average volume of 46,685,816. Intel Co. has a 52-week low of $26.85 and a 52-week high of $51.28. The company’s 50 day moving average price is $42.03 and its 200 day moving average price is $42.30. The stock has a market cap of $144.81 billion, a P/E ratio of 88.23, a P/E/G ratio of 3.20 and a beta of 1.00. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The business had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. During the same period in the previous year, the business posted $0.10 EPS. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Intel Co. will post 0.61 EPS for the current fiscal year.

Intel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s dividend payout ratio is currently 128.21%.

Analysts Set New Price Targets

INTC has been the subject of a number of research reports. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, January 26th. Benchmark reiterated a “buy” rating and set a $62.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Evercore ISI began coverage on shares of Intel in a research report on Tuesday. They set an “in-line” rating and a $40.00 target price on the stock. Bank of America cut their target price on shares of Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. Finally, Morgan Stanley lifted their target price on shares of Intel from $39.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Four research analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $42.62.

Insider Activity

In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were purchased at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the transaction, the chief executive officer now directly owns 31,275 shares in the company, valued at approximately $1,336,693.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Patrick P. Gelsinger purchased 3,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were purchased at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the transaction, the chief executive officer now directly owns 28,475 shares in the company, valued at approximately $1,234,676. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Patrick P. Gelsinger acquired 2,800 shares of the firm’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 completion of the transaction, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. 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.