Congress Asset Management Co. MA Has $285,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

Congress Asset Management Co. MA lessened its position in Intel Co. (NASDAQ:INTC) by 6.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,445 shares of the chip maker’s stock after selling 450 shares during the period. Congress Asset Management Co. MA’s holdings in Intel were worth $285,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Slow Capital Inc. raised its holdings in shares of Intel by 0.9% in the fourth quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock valued at $2,749,000 after buying an additional 508 shares during the last quarter. Altus Wealth Group LLC increased its stake in shares of Intel by 29.4% in the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock valued at $1,272,000 after acquiring an additional 5,759 shares during the last quarter. Orion Portfolio Solutions LLC increased its stake in shares of Intel by 3.1% in the 4th quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock valued at $4,764,000 after acquiring an additional 2,915 shares during the last quarter. Alera Investment Advisors LLC bought a new stake in shares of Intel in the 4th quarter valued at about $201,000. Finally, Callan Capital LLC increased its stake in shares of Intel by 9.1% in the 4th quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock valued at $884,000 after acquiring an additional 1,474 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on INTC. StockNews.com raised Intel from a “sell” rating to a “hold” rating in a research note on Tuesday, June 18th. The Goldman Sachs Group decreased their price objective on Intel from $34.00 to $30.00 and set a “sell” rating for the company in a research report on Thursday, May 9th. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Wedbush decreased their price objective on Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a research report on Friday, April 26th. Finally, TD Cowen decreased their price objective on Intel from $42.00 to $35.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $39.58.

Insiders Place Their Bets

In other news, CEO Patrick P. Gelsinger acquired 4,100 shares of the stock in a transaction on Wednesday, May 1st. The shares were purchased at an average price 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 of the company’s stock, valued at $1,192,668.75. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Patrick P. Gelsinger bought 4,100 shares of Intel stock in a transaction dated Wednesday, May 1st. The shares were bought at an average cost of $30.29 per share, with a total value of $124,189.00. Following the acquisition, the chief executive officer now owns 39,375 shares in the company, valued at approximately $1,192,668.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick P. Gelsinger bought 4,000 shares of Intel stock in a transaction dated Monday, April 29th. The shares were bought 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 owns 35,275 shares in the company, valued at approximately $1,108,340.50. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Intel Trading Up 1.5 %

Shares of Intel stock opened at $31.09 on Monday. Intel Co. has a 12-month low of $29.73 and a 12-month high of $51.28. The stock has a market cap of $132.35 billion, a P/E ratio of 32.39, a P/E/G ratio of 14.60 and a beta of 1.06. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $31.57 and its 200-day moving average is $39.91.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Intel had a net margin of 7.36% and a return on equity of 2.19%. The business had revenue of $12.72 billion during the quarter, compared to the consensus estimate of $12.76 billion. Equities research analysts predict that Intel Co. will post 0.09 earnings per share for the current fiscal year.

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th were given 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 was Monday, May 6th. Intel’s payout ratio is 52.08%.

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.