Pflug Koory LLC Sells 1,145 Shares of Intel Co. (NASDAQ:INTC)

Pflug Koory LLC lessened its holdings in shares of Intel Co. (NASDAQ:INTCFree Report) by 4.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,332 shares of the chip maker’s stock after selling 1,145 shares during the quarter. Pflug Koory LLC’s holdings in Intel were worth $1,207,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Intel by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 385,787,907 shares of the chip maker’s stock valued at $19,385,842,000 after buying an additional 4,678,169 shares during the last quarter. Capital International Investors increased its position in Intel by 0.3% in the fourth quarter. Capital International Investors now owns 96,617,951 shares of the chip maker’s stock worth $4,855,099,000 after purchasing an additional 318,495 shares during the last quarter. Primecap Management Co. CA raised its stake in Intel by 0.6% during the fourth quarter. Primecap Management Co. CA now owns 75,237,927 shares of the chip maker’s stock valued at $3,780,706,000 after purchasing an additional 475,636 shares in the last quarter. Norges Bank bought a new position in Intel during the fourth quarter valued at $2,424,202,000. Finally, Northern Trust Corp grew its stake in shares of Intel by 3.7% in the 3rd quarter. Northern Trust Corp now owns 46,003,776 shares of the chip maker’s stock worth $1,635,434,000 after buying an additional 1,626,127 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on INTC. Wells Fargo & Company lowered their price target on shares of Intel from $43.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Benchmark reissued a “buy” rating and set a $62.00 target price on shares of Intel in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. lowered their price target on Intel from $37.00 to $35.00 and set an “underweight” rating for the company in a research report on Friday, April 26th. Sanford C. Bernstein cut their price objective on shares of Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a research report on Friday, April 26th. Finally, Bank of America lowered their target price on shares of Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, April 12th. Three research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel has a consensus rating of “Hold” and an average target price of $39.58.

View Our Latest Analysis on INTC

Insider Buying and Selling at Intel

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

Intel Stock Performance

Shares of INTC traded up $0.47 during trading hours on Friday, reaching $31.09. 92,549,024 shares of the company traded hands, compared to its average volume of 36,634,804. The stock has a market capitalization of $132.35 billion, a P/E ratio of 32.39, a P/E/G ratio of 14.60 and a beta of 1.06. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The business has a fifty day moving average price of $31.57 and a 200-day moving average price of $39.94. Intel Co. has a 12-month low of $29.73 and a 12-month high of $51.28.

Intel (NASDAQ:INTCGet Free Report) last announced its earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The business had revenue of $12.72 billion for 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%. Equities analysts anticipate that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s dividend payout ratio is currently 52.08%.

Intel Company 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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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