Intel Co. (NASDAQ:INTC) Shares Sold by Linscomb & Williams Inc.

Linscomb & Williams Inc. lowered its stake in Intel Co. (NASDAQ:INTC) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,811 shares of the chip maker’s stock after selling 772 shares during the quarter. Linscomb & Williams Inc.’s holdings in Intel were worth $1,146,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Intel by 0.4% in the third quarter. Vanguard Group Inc. now owns 381,109,738 shares of the chip maker’s stock valued at $13,548,451,000 after purchasing an additional 1,624,453 shares during the last quarter. Primecap Management Co. CA lifted its holdings in Intel by 0.6% during the 4th quarter. Primecap Management Co. CA now owns 75,237,927 shares of the chip maker’s stock worth $3,780,706,000 after buying an additional 475,636 shares during the last quarter. Norges Bank bought a new position in Intel during the 4th quarter worth approximately $2,424,202,000. Northern Trust Corp lifted its holdings in Intel by 3.7% during the 3rd quarter. Northern Trust Corp now owns 46,003,776 shares of the chip maker’s stock worth $1,635,434,000 after buying an additional 1,626,127 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Intel by 13.4% during the 3rd quarter. Invesco Ltd. now owns 35,788,068 shares of the chip maker’s stock worth $1,272,266,000 after buying an additional 4,222,381 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Transactions at Intel

In other Intel news, CEO Patrick P. Gelsinger acquired 4,100 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were acquired at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the purchase, the chief executive officer now owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Patrick P. Gelsinger purchased 4,100 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were purchased at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the purchase, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Patrick P. Gelsinger purchased 4,000 shares of the stock in a transaction that occurred on 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 purchase, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by corporate insiders.

Intel Stock Up 2.1 %

INTC traded up $0.64 during trading on Friday, reaching $30.72. 42,434,488 shares of the stock traded hands, compared to its average volume of 51,530,472. The stock has a market cap of $130.78 billion, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 14.46 and a beta of 1.09. Intel Co. has a fifty-two week low of $26.85 and a fifty-two 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. The stock’s 50-day simple moving average is $35.75 and its two-hundred day simple moving average is $41.55.

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

Intel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.63%. Intel’s payout ratio is presently 52.08%.

Analyst Ratings Changes

A number of research analysts have commented on INTC shares. Wolfe Research raised Intel from an “underperform” rating to a “peer perform” rating in a report on Thursday, May 16th. Bank of America reduced their target price on Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $50.00 target price on shares of Intel in a report on Wednesday, April 3rd. The Goldman Sachs Group cut their price target on Intel from $34.00 to $30.00 and set a “sell” rating on the stock in a report on Thursday, May 9th. Finally, Barclays cut their price target on Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Intel currently has an average rating of “Hold” and an average price target of $39.58.

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.