White Pine Capital LLC Sells 1,643 Shares of Intel Co. (NASDAQ:INTC)

White Pine Capital LLC lowered its position in Intel Co. (NASDAQ:INTC) by 4.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 34,275 shares of the chip maker’s stock after selling 1,643 shares during the period. White Pine Capital LLC’s holdings in Intel were worth $1,722,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Barrett & Company Inc. lifted its position in shares of Intel by 6.1% in the 4th quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock worth $184,000 after purchasing an additional 210 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Intel by 3.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock valued at $372,000 after acquiring an additional 216 shares during the period. New Millennium Group LLC lifted its position in shares of Intel by 87.2% during the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after acquiring an additional 231 shares during the period. Waldron Private Wealth LLC lifted its position in shares of Intel by 0.6% during the 4th quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock valued at $2,063,000 after acquiring an additional 232 shares during the period. Finally, Spreng Capital Management Inc. lifted its position in shares of Intel by 1.3% during the 4th quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock valued at $987,000 after acquiring an additional 246 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Bank of America dropped 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. Wells Fargo & Company dropped their target price on shares of Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday. Morgan Stanley lowered their price objective on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating on the stock in a report on Friday. Raymond James lowered their price objective on shares of Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $50.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $39.75.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger bought 2,800 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were acquired 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 directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Patrick P. Gelsinger bought 2,800 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were acquired 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 directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick P. Gelsinger purchased 3,000 shares of Intel stock in a transaction on Monday, January 29th. The shares were acquired at an average price 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 of the company’s stock, valued at $1,234,676. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Intel Stock Performance

INTC traded down $3.23 during trading on Friday, hitting $31.88. 119,742,494 shares of the company traded hands, compared to its average volume of 50,613,192. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. The firm has a market cap of $134.79 billion, a P/E ratio of 33.21, a price-to-earnings-growth ratio of 3.19 and a beta of 1.00. Intel Co. has a one year low of $26.85 and a one year high of $51.28. The stock’s fifty day moving average is $40.88 and its 200 day moving average is $42.23.

Intel (NASDAQ:INTC) last issued 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 during the quarter, compared to analyst estimates of $15.16 billion. Intel had a net margin of 7.36% and a return on equity of 2.22%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the business earned $0.10 earnings per share. As a group, equities analysts predict that Intel Co. will post 0.6 EPS for the current fiscal year.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s payout ratio is 52.08%.

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.