Folger Nolan Fleming Douglas Capital Management Inc. Cuts Holdings in Intel Co. (NASDAQ:INTC)

Folger Nolan Fleming Douglas Capital Management Inc. lessened its stake in Intel Co. (NASDAQ:INTC) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,605 shares of the chip maker’s stock after selling 1,890 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Intel were worth $6,161,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of INTC. Russell Investments Group Ltd. boosted its stake in shares of Intel by 17.4% in the 4th quarter. Russell Investments Group Ltd. now owns 3,502,216 shares of the chip maker’s stock valued at $176,042,000 after purchasing an additional 520,263 shares in the last quarter. Private Wealth Partners LLC boosted its stake in shares of Intel by 1.0% in the 4th quarter. Private Wealth Partners LLC now owns 39,370 shares of the chip maker’s stock valued at $1,978,000 after purchasing an additional 400 shares in the last quarter. Valmark Advisers Inc. boosted its stake in shares of Intel by 24.4% in the 4th quarter. Valmark Advisers Inc. now owns 12,288 shares of the chip maker’s stock valued at $617,000 after purchasing an additional 2,414 shares in the last quarter. Addison Advisors LLC boosted its stake in shares of Intel by 92.3% in the 4th quarter. Addison Advisors LLC now owns 4,576 shares of the chip maker’s stock valued at $230,000 after purchasing an additional 2,196 shares in the last quarter. Finally, Citizens Financial Group Inc. RI boosted its stake in shares of Intel by 31.8% in the 4th quarter. Citizens Financial Group Inc. RI now owns 43,570 shares of the chip maker’s stock valued at $2,189,000 after purchasing an additional 10,516 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Down 9.2 %

Shares of NASDAQ:INTC traded down $3.23 during midday trading on Friday, reaching $31.88. The company’s stock had a trading volume of 119,742,494 shares, compared to its average volume of 50,613,192. The firm has a 50 day moving average of $40.88 and a 200-day moving average of $42.23. The firm has a market capitalization of $134.79 billion, a P/E ratio of 33.21, a PEG ratio of 3.19 and a beta of 1.00. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. The firm had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.16 billion. Intel had a net margin of 7.36% and a return on equity of 2.22%. The company’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 EPS. On average, research analysts anticipate that Intel Co. will post 0.6 earnings per share for the current year.

Intel Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.57%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio (DPR) is 52.08%.

Wall Street Analyst Weigh In

INTC has been the subject of a number of research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday. TD Cowen cut their price objective on shares of Intel from $42.00 to $35.00 and set a “hold” rating for the company in a research note on Friday. Mizuho lowered their price target on shares of Intel from $55.00 to $45.00 and set a “buy” rating for the company in a report on Friday. UBS Group upped their price target on shares of Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Finally, Roth Mkm lowered their price target on shares of Intel from $45.00 to $35.00 and set a “neutral” rating for the company in a report on Friday. Four equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $39.75.

Insider Activity at Intel

In other news, CEO Patrick P. Gelsinger acquired 2,800 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average cost of $42.74 per share, with a total value of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Patrick P. Gelsinger acquired 2,800 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average cost of $42.74 per share, with a total value of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of the business’s stock in a transaction that occurred on 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 disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.

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.