Caldwell Sutter Capital Inc. Sells 910 Shares of Intel Co. (NASDAQ:INTC)

Caldwell Sutter Capital Inc. cut its stake in shares of Intel Co. (NASDAQ:INTC) by 3.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,096 shares of the chip maker’s stock after selling 910 shares during the period. Caldwell Sutter Capital Inc.’s holdings in Intel were worth $1,197,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Intel in the fourth quarter valued at about $2,424,202,000. Price T Rowe Associates Inc. MD lifted its position in shares of Intel by 543.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,384,507 shares of the chip maker’s stock valued at $1,878,572,000 after acquiring an additional 31,575,084 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Intel by 102.6% in the fourth quarter. California Public Employees Retirement System now owns 16,074,760 shares of the chip maker’s stock valued at $807,757,000 after acquiring an additional 8,140,835 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Intel by 17.8% in the third quarter. Wellington Management Group LLP now owns 34,564,037 shares of the chip maker’s stock valued at $1,228,752,000 after acquiring an additional 5,217,549 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt purchased a new position in shares of Intel in the fourth quarter valued at about $251,250,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on INTC shares. Benchmark reissued a “buy” rating and set a $62.00 price target on shares of Intel in a research note on Wednesday, April 3rd. The Goldman Sachs Group dropped their price target on Intel from $34.00 to $30.00 and set a “sell” rating for the company in a research note on Thursday, May 9th. StockNews.com raised Intel from a “sell” rating to a “hold” rating in a research note on Tuesday, June 18th. Cantor Fitzgerald restated a “neutral” rating and set a $50.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Finally, Mizuho decreased their price objective on Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Three 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 company’s stock. Based on data from MarketBeat, Intel currently has an average rating of “Hold” and an average target price of $39.58.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger bought 4,100 shares of Intel stock in a transaction that occurred on Wednesday, May 1st. The stock was bought at an average price of $30.29 per share, for a total transaction of $124,189.00. Following 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 Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Patrick P. Gelsinger bought 4,000 shares of Intel stock in a transaction that occurred on Monday, April 29th. The stock was bought at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the purchase, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick P. Gelsinger bought 4,100 shares of Intel stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average price of $30.29 per share, with a total value of $124,189.00. Following the purchase, the chief executive officer now directly owns 39,375 shares in the company, valued at $1,192,668.75. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Intel Stock Up 0.5 %

NASDAQ INTC traded up $0.16 during midday trading on Wednesday, hitting $31.23. 24,044,240 shares of the company traded hands, compared to its average volume of 46,464,805. 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 company has a market cap of $132.95 billion, a PE ratio of 32.44, a price-to-earnings-growth ratio of 14.76 and a beta of 1.05. The company’s 50-day simple moving average is $30.95 and its 200-day simple moving average is $39.25. Intel Co. has a 52 week low of $29.73 and a 52 week high of $51.28.

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

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were given a $0.125 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.60%. Intel’s payout ratio is 52.08%.

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.