Cornell Pochily Investment Advisors Inc. Has $2.08 Million Position in Intel Co. (NASDAQ:INTC)

Cornell Pochily Investment Advisors Inc. lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 1.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 41,301 shares of the chip maker’s stock after selling 629 shares during the period. Intel makes up 0.9% of Cornell Pochily Investment Advisors Inc.’s investment portfolio, making the stock its 27th biggest holding. Cornell Pochily Investment Advisors Inc.’s holdings in Intel were worth $2,075,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in INTC. New Millennium Group LLC boosted its stake in Intel by 87.2% in the fourth 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 last quarter. Cornerstone Planning Group LLC bought a new position in Intel in the second quarter valued at approximately $25,000. Legacy Financial Group LLC acquired a new stake in Intel in the third quarter worth $30,000. Milestone Investment Advisors LLC acquired a new stake in Intel in the first quarter worth $32,000. Finally, Raleigh Capital Management Inc. raised its holdings in Intel by 62.8% in the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after purchasing an additional 362 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on INTC. Wedbush restated a “neutral” rating and set a $40.00 price objective on shares of Intel in a report on Friday, February 16th. TD Cowen dropped their price objective on shares of Intel from $45.00 to $42.00 and set a “market perform” rating on the stock in a report on Friday, January 26th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Intel from $38.00 to $42.00 and gave the company a “hold” rating in a research note on Monday, December 18th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $50.00 price target on shares of Intel in a research note on Friday, February 2nd. Finally, Barclays lifted their price target on shares of Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 16th. 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $41.48.

Insider Buying and Selling

In other news, CEO Patrick P. Gelsinger bought 2,800 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were bought at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the transaction, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction dated Thursday, February 1st. The shares were acquired at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the transaction, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of Intel stock in a transaction dated Monday, January 29th. The stock was bought 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. 0.04% of the stock is currently owned by corporate insiders.

Intel Stock Up 1.4 %

INTC stock traded up $0.62 during trading on Thursday, hitting $44.39. 13,169,549 shares of the company’s stock were exchanged, compared to its average volume of 44,660,707. The business has a 50-day moving average price of $43.98 and a two-hundred day moving average price of $42.01. The stock has a market capitalization of $187.68 billion, a price-to-earnings ratio of 113.28, a PEG ratio of 4.38 and a beta of 1.00. Intel Co. has a 52-week low of $26.85 and a 52-week high of $51.28. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.27 by $0.27. The company had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 earnings per share. As a group, equities research analysts expect that Intel Co. will post 0.64 EPS for the current year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio is presently 128.21%.

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.