Wellington Shields & Co. LLC Has $1.68 Million Holdings in Intel Co. (NASDAQ:INTC)


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Wellington Shields & Co. LLC cut its position in Intel Co. (NASDAQ:INTC) by 5.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 33,647 shares of the chip maker’s stock after selling 1,778 shares during the quarter. Wellington Shields & Co. LLC’s holdings in Intel were worth $1,676,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Global Trust Asset Management LLC lifted its holdings in Intel by 1.1% during the 4th quarter. Global Trust Asset Management LLC now owns 15,443 shares of the chip maker’s stock valued at $769,000 after purchasing an additional 175 shares during the last quarter. Berkeley Capital Partners LLC increased its position in Intel by 3.2% in the 4th quarter. Berkeley Capital Partners LLC now owns 5,982 shares of the chip maker’s stock valued at $298,000 after acquiring an additional 187 shares in the last quarter. Sugarloaf Wealth Management LLC increased its position in Intel by 2.6% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 7,727 shares of the chip maker’s stock valued at $385,000 after acquiring an additional 196 shares in the last quarter. Unison Advisors LLC increased its position in Intel by 0.6% in the 4th quarter. Unison Advisors LLC now owns 32,795 shares of the chip maker’s stock valued at $1,634,000 after acquiring an additional 209 shares in the last quarter. Finally, Bray Capital Advisors increased its position in Intel by 13.1% in the 4th quarter. Bray Capital Advisors now owns 1,809 shares of the chip maker’s stock valued at $90,000 after acquiring an additional 210 shares in the last quarter. 63.25% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:INTC traded down $0.46 during trading hours on Tuesday, hitting $60.25. 1,024,209 shares of the company traded hands, compared to its average volume of 39,641,777. The company has a quick ratio of 1.24, a current ratio of 1.66 and a debt-to-equity ratio of 0.48. The firm’s 50-day simple moving average is $57.25 and its 200-day simple moving average is $51.11. Intel Co. has a one year low of $43.61 and a one year high of $65.11. The company has a market cap of $244.80 billion, a PE ratio of 11.65, a PEG ratio of 1.63 and a beta of 0.74.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Wednesday, January 20th. The chip maker reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.42. Intel had a return on equity of 29.44% and a net margin of 28.10%. During the same quarter in the previous year, the firm posted $1.52 EPS. As a group, equities research analysts expect that Intel Co. will post 4.89 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 1st. Stockholders of record on Friday, February 5th will be paid a dividend of $0.3475 per share. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.31%. This is a boost from Intel’s previous quarterly dividend of $0.33. The ex-dividend date is Thursday, February 4th. Intel’s payout ratio is presently 28.54%.

INTC has been the subject of several analyst reports. Truist lifted their price target on shares of Intel from $60.00 to $64.00 in a research report on Friday, January 22nd. Roth Capital lifted their price target on shares of Intel from $50.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, January 22nd. Royal Bank of Canada boosted their price objective on shares of Intel from $40.00 to $47.00 and gave the stock a “sell” rating in a research report on Friday, January 22nd. JPMorgan Chase & Co. set a $80.00 target price on shares of Intel and gave the stock a “buy” rating in a report on Friday, January 22nd. Finally, Morgan Stanley boosted their target price on shares of Intel from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, January 22nd. Eleven research analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $61.64.

In other news, CEO Robert Holmes Swan acquired 27,244 shares of the firm’s stock in a transaction that occurred on Monday, January 25th. The stock was bought at an average price of $55.57 per share, with a total value of $1,513,949.08. Following the acquisition, the chief executive officer now owns 330,774 shares in the company, valued at approximately $18,381,111.18. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO George S. Davis bought 9,095 shares of Intel stock in a transaction on Tuesday, January 26th. The shares were bought at an average cost of $55.34 per share, with a total value of $503,317.30. Following the acquisition, the chief financial officer now directly owns 71,223 shares in the company, valued at $3,941,480.82. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Intel Company Profile

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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