Janney Montgomery Scott LLC Decreases Stock Position in Intel Co. (NASDAQ:INTC)

Janney Montgomery Scott LLC cut its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 9.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,453,529 shares of the chip maker's stock after selling 153,093 shares during the period. Janney Montgomery Scott LLC's holdings in Intel were worth $73,039,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Fagan Associates Inc. raised its stake in shares of Intel by 3.5% during the 4th quarter. Fagan Associates Inc. now owns 124,880 shares of the chip maker's stock worth $6,275,000 after purchasing an additional 4,180 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Intel by 6.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,628,644 shares of the chip maker's stock valued at $217,778,000 after acquiring an additional 278,784 shares during the last quarter. Westpac Banking Corp lifted its stake in Intel by 27.3% in the fourth quarter. Westpac Banking Corp now owns 38,666 shares of the chip maker's stock valued at $1,943,000 after acquiring an additional 8,295 shares during the last quarter. Innova Wealth Partners bought a new stake in Intel in the fourth quarter worth approximately $213,000. Finally, Quotient Wealth Partners LLC acquired a new position in shares of Intel during the 4th quarter worth $545,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Price Performance

Intel stock traded up $0.54 during mid-day trading on Tuesday, hitting $31.05. 47,711,620 shares of the company were exchanged, compared to its average volume of 48,504,020. The company has a market capitalization of $132.18 billion, a PE ratio of 32.34, a price-to-earnings-growth ratio of 6.73 and a beta of 1.09. The business has a fifty day moving average of $38.04 and a 200 day moving average of $41.95. Intel Co. has a 1-year low of $26.85 and a 1-year high of $51.28. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Monday, May 6th. Intel's dividend payout ratio is currently 52.08%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on INTC shares. Jefferies Financial Group assumed coverage on shares of Intel in a research note on Monday. They issued a "hold" rating and a $34.00 price objective for the company. Cantor Fitzgerald restated a "neutral" rating and issued a $50.00 target price on shares of Intel in a 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 on the stock in a report on Friday, April 26th. Wells Fargo & Company reduced their price objective on shares of Intel from $43.00 to $38.00 and set an "equal weight" rating for the company in a research note on Friday, April 26th. Finally, Rosenblatt Securities reiterated a "sell" rating and issued a $17.00 target price on shares of Intel in a research note on Friday, April 26th. Four investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Intel currently has a consensus rating of "Hold" and an average target price of $39.58.

Insider Buying and Selling at Intel

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

About Intel

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.