Calamos Advisors LLC Sells 276,483 Shares of Intel Co. (NASDAQ:INTC)

Calamos Advisors LLC reduced its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 32.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 572,916 shares of the chip maker's stock after selling 276,483 shares during the quarter. Calamos Advisors LLC's holdings in Intel were worth $28,789,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in INTC. Moneta Group Investment Advisors LLC grew its holdings in shares of Intel by 100,953.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 51,133,863 shares of the chip maker's stock valued at $1,351,468,000 after acquiring an additional 51,083,262 shares in the last quarter. Norges Bank purchased a new position in shares of Intel during the 4th quarter valued at $1,092,939,000. Clearbridge Investments LLC grew its holdings in shares of Intel by 4,407.3% during the 1st quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker's stock valued at $814,727,000 after acquiring an additional 16,074,485 shares in the last quarter. Barclays PLC grew its holdings in shares of Intel by 171.1% during the 2nd quarter. Barclays PLC now owns 21,404,715 shares of the chip maker's stock valued at $715,773,000 after acquiring an additional 13,507,774 shares in the last quarter. Finally, Morgan Stanley grew its holdings in shares of Intel by 29.8% during the 4th quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker's stock valued at $1,409,835,000 after acquiring an additional 12,241,200 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. TD Cowen decreased their price objective on shares of Intel from $45.00 to $42.00 and set a "market perform" rating for the company in a report on Friday, January 26th. Wells Fargo & Company decreased their price objective on shares of Intel from $48.00 to $43.00 and set an "equal weight" rating for the company in a report on Tuesday, April 9th. Evercore ISI assumed coverage on shares of Intel in a research report on Tuesday. They set an "in-line" rating and a $40.00 target price for the company. Rosenblatt Securities reissued a "sell" rating and set a $17.00 target price on shares of Intel in a research report on Friday, February 23rd. Finally, Bank of America cut their target price on shares of Intel from $50.00 to $44.00 and set a "neutral" rating for the company in a research report on Friday, April 12th. Four analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have issued 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 $42.62.

Intel Trading Down 2.4 %

INTC stock traded down $0.84 during midday trading on Friday, reaching $34.20. The company's stock had a trading volume of 58,975,320 shares, compared to its average volume of 47,020,445. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28. The stock has a market cap of $144.60 billion, a PE ratio of 88.23, a price-to-earnings-growth ratio of 3.20 and a beta of 1.00. 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 business's 50-day simple moving average is $42.03 and its 200-day simple moving average is $42.30.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share 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 net margin of 3.11% and a return on equity of 1.64%. The business's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the business posted $0.10 earnings per share. As a group, sell-side analysts expect that Intel Co. will post 0.61 EPS for the current year.

Intel Announces Dividend

The business 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. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.46%. Intel's payout ratio is 128.21%.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of the company's stock in a transaction that occurred on 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 acquisition, the chief executive officer now directly owns 31,275 shares in the company, valued at approximately $1,336,693.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger bought 3,000 shares of the firm's stock in a transaction that occurred on Monday, January 29th. The stock was acquired at an average price of $43.36 per share, with a total value of $130,080.00. Following the completion of the transaction, the chief executive officer now owns 28,475 shares in the company, valued at $1,234,676. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the firm's stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average cost of $42.74 per share, with a total value of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares of the company's stock, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by company insiders.

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.