Strs Ohio Sells 39,592 Shares of Intel Co. (NASDAQ:INTC)

Strs Ohio decreased its position in Intel Co. (NASDAQ:INTC - Free Report) by 2.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,760,044 shares of the chip maker's stock after selling 39,592 shares during the period. Strs Ohio's holdings in Intel were worth $88,442,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New Millennium Group LLC grew its holdings in shares of Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker's stock valued at $25,000 after buying an additional 231 shares during the period. Cornerstone Planning Group LLC acquired a new position in Intel in the 2nd quarter worth $25,000. Legacy Financial Group LLC acquired a new position in Intel in the 3rd quarter worth $30,000. Milestone Investment Advisors LLC acquired a new position in Intel in the 1st quarter worth $32,000. Finally, Raleigh Capital Management Inc. boosted its stake in Intel by 62.8% in the 3rd 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.

Intel Price Performance

Shares of INTC stock traded down $1.94 during mid-day trading on Friday, hitting $35.69. The company had a trading volume of 80,254,789 shares, compared to its average volume of 48,829,772. Intel Co. has a 52-week low of $26.85 and a 52-week high of $51.28. The stock's 50 day moving average price is $42.58 and its 200-day moving average price is $42.39. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. The company has a market capitalization of $150.90 billion, a P/E ratio of 91.52, a P/E/G ratio of 3.16 and a beta of 1.00.

Intel (NASDAQ:INTC - Get Free Report) last released its 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 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 3.11% and a return on equity of 1.64%. The company's quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 earnings per share. Equities research analysts forecast that Intel Co. will post 0.62 earnings per share for the current year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel's payout ratio is 128.21%.

Insider Activity at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 2,800 shares of the firm's stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average price 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 in the company, valued at $1,336,693.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Patrick P. Gelsinger acquired 3,000 shares of the business's 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 approximately $1,234,676. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger acquired 2,800 shares of the business's stock in a transaction on Thursday, February 1st. The shares were purchased at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the transaction, the chief executive officer now directly owns 31,275 shares of the company's stock, valued at $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on INTC. Mizuho dropped their target price on shares of Intel from $58.00 to $55.00 and set a "buy" rating on the stock in a report on Friday, January 26th. UBS Group increased their price target on shares of Intel from $46.00 to $50.00 and gave the stock a "neutral" rating in a research report on Monday, April 1st. Benchmark reiterated a "buy" rating and set a $62.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Raymond James reduced their price target on shares of Intel from $54.00 to $52.00 and set an "outperform" rating on the stock in a research report on Friday, January 26th. Finally, Truist Financial restated a "hold" rating and issued a $45.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of "Hold" and a consensus target price of $42.48.

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.