Cwm LLC Lowers Holdings in Intel Co. (NASDAQ:INTC)

CWM LLC cut its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 998,917 shares of the chip maker's stock after selling 81,947 shares during the period. CWM LLC's holdings in Intel were worth $50,196,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Slow Capital Inc. raised its stake in shares of Intel by 0.9% during the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker's stock worth $2,749,000 after purchasing an additional 508 shares during the period. Altus Wealth Group LLC raised its stake in shares of Intel by 29.4% during the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker's stock worth $1,272,000 after purchasing an additional 5,759 shares during the period. Alera Investment Advisors LLC bought a new stake in shares of Intel during the 4th quarter worth $201,000. Vanguard Capital Wealth Advisors raised its stake in shares of Intel by 1.3% during the 3rd quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker's stock worth $1,613,000 after purchasing an additional 574 shares during the period. Finally, Prosperity Wealth Management Inc. bought a new stake in shares of Intel during the 4th quarter worth $293,000. 64.53% of the stock is currently owned by institutional investors.

Intel Price Performance

NASDAQ:INTC traded down $0.84 during mid-day trading on Friday, reaching $34.20. The stock had a trading volume of 59,070,310 shares, compared to its average volume of 48,337,516. The firm has a 50 day moving average price of $41.85 and a two-hundred day moving average price of $42.34. The stock has a market capitalization of $144.60 billion, a P/E ratio of 87.69, a P/E/G ratio of 3.15 and a beta of 1.00. Intel Co. has a one year low of $26.85 and a one year high of $51.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.27. The company had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. Intel's quarterly 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 EPS. As a group, analysts expect that Intel Co. will post 0.61 earnings per share for the current year.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.46%. Intel's payout ratio is 128.21%.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on INTC shares. Cantor Fitzgerald reissued a "neutral" rating and issued a $50.00 price objective on shares of Intel in a report on Wednesday, April 3rd. The Goldman Sachs Group lifted their price objective on Intel from $34.00 to $39.00 and gave the stock a "sell" rating in a report on Friday, January 26th. Barclays lifted their price objective on Intel from $32.00 to $44.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 16th. HSBC decreased their price objective on Intel from $46.00 to $44.00 and set a "hold" rating for the company in a report on Friday, January 26th. Finally, Wells Fargo & Company decreased their price objective on Intel from $48.00 to $43.00 and set an "equal weight" rating for the company in a report on Tuesday, April 9th. 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, the stock has an average rating of "Hold" and a consensus target price of $42.62.

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.