Curbstone Financial Management Corp Has $3.59 Million Position in Intel Co. (NASDAQ:INTC)

Curbstone Financial Management Corp cut its holdings in shares of Intel Co. (NASDAQ:INTCFree Report) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,337 shares of the chip maker’s stock after selling 400 shares during the quarter. Curbstone Financial Management Corp’s holdings in Intel were worth $3,585,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. First Affirmative Financial Network boosted its stake in Intel by 25.8% in the 4th quarter. First Affirmative Financial Network now owns 16,309 shares of the chip maker’s stock valued at $820,000 after purchasing an additional 3,343 shares during the period. RAM Investment Partners LLC boosted its stake in Intel by 5.1% in the 4th quarter. RAM Investment Partners LLC now owns 7,842 shares of the chip maker’s stock valued at $394,000 after purchasing an additional 382 shares during the period. Parkside Advisors LLC bought a new stake in Intel in the 4th quarter valued at $282,000. Pure Financial Advisors LLC boosted its stake in Intel by 14.1% in the 4th quarter. Pure Financial Advisors LLC now owns 23,315 shares of the chip maker’s stock valued at $1,172,000 after purchasing an additional 2,885 shares during the period. Finally, Tompkins Financial Corp boosted its stake in Intel by 1.0% in the 4th quarter. Tompkins Financial Corp now owns 51,295 shares of the chip maker’s stock valued at $2,578,000 after purchasing an additional 484 shares during the period. 60.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

INTC has been the subject of a number of recent analyst reports. Barclays upped their target price on Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 16th. The Goldman Sachs Group upped their target price on Intel from $34.00 to $39.00 and gave the company a “sell” rating in a research report on Friday, January 26th. Cantor Fitzgerald reiterated a “neutral” rating and set a $50.00 target price on shares of Intel in a research report on Friday, February 2nd. Truist Financial cut their target price on Intel from $47.00 to $45.00 and set a “hold” rating for the company in a research report on Friday, January 26th. Finally, HSBC cut their target price on Intel from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Friday, January 26th. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $41.48.

View Our Latest Report on INTC

Intel Trading Down 0.3 %

Shares of INTC stock traded down $0.11 on Friday, hitting $42.64. The company had a trading volume of 66,932,711 shares, compared to its average volume of 45,380,969. The firm has a market cap of $180.28 billion, a P/E ratio of 109.34, a P/E/G ratio of 4.51 and a beta of 1.00. The stock’s 50-day moving average is $44.73 and its two-hundred day moving average is $41.65. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. Intel Co. has a twelve month low of $26.85 and a twelve month high of $51.28.

Intel (NASDAQ:INTCGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.27. The company had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 earnings per share. On average, equities research analysts anticipate that Intel Co. will post 0.64 earnings per share for the current fiscal year.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.17%. Intel’s payout ratio is 128.21%.

Insider Activity

In other Intel news, CEO Patrick P. Gelsinger bought 2,800 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the transaction, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger bought 3,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the transaction, the chief executive officer now directly owns 28,475 shares in the company, valued at $1,234,676. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Intel Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.