InTrack Investment Management Inc trimmed its position in shares of Intel Co. (NASDAQ:INTC – Get Rating) by 3.7% during the fourth quarter, Holdings Channel reports. The firm owned 26,810 shares of the chip maker's stock after selling 1,030 shares during the quarter. InTrack Investment Management Inc's holdings in Intel were worth $709,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. O Dell Group LLC increased its stake in Intel by 258.1% during the 3rd quarter. O Dell Group LLC now owns 974 shares of the chip maker's stock worth $25,000 after buying an additional 702 shares during the period. Islay Capital Management LLC purchased a new stake in shares of Intel during the third quarter worth $26,000. Mach 1 Financial Group LLC acquired a new stake in shares of Intel in the third quarter valued at $29,000. Phocas Financial Corp. purchased a new position in Intel in the fourth quarter valued at $33,000. Finally, Glassy Mountain Advisors Inc. acquired a new position in Intel during the 4th quarter worth $37,000. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger purchased 9,700 shares of the business's stock in a transaction that occurred on Thursday, February 23rd. The stock was purchased at an average cost of $25.68 per share, with a total value of $249,096.00. Following the completion of the acquisition, the chief executive officer now directly owns 18,700 shares of the company's stock, valued at approximately $480,216. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Intel news, CEO Patrick P. Gelsinger purchased 9,700 shares of the firm's stock in a transaction that occurred on Thursday, February 23rd. The shares were purchased at an average cost of $25.68 per share, for a total transaction of $249,096.00. Following the completion of the purchase, the chief executive officer now directly owns 18,700 shares in the company, valued at $480,216. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David Zinsner acquired 1,800 shares of the business's stock in a transaction on Monday, January 30th. The stock was acquired at an average price of $27.89 per share, with a total value of $50,202.00. Following the transaction, the chief financial officer now directly owns 17,450 shares of the company's stock, valued at approximately $486,680.50. The disclosure for this purchase can be found here. In the last quarter, insiders bought 20,500 shares of company stock worth $549,768. Company insiders own 0.02% of the company's stock.

Intel Stock Performance

Shares of NASDAQ INTC traded up $0.22 during midday trading on Wednesday, reaching $28.68. 3,317,451 shares of the company were exchanged, compared to its average volume of 45,335,992. The stock has a market cap of $118.65 billion, a P/E ratio of 14.52, a PEG ratio of 9.52 and a beta of 0.81. Intel Co. has a 1 year low of $24.59 and a 1 year high of $52.51. The stock has a fifty day simple moving average of $28.07 and a 200 day simple moving average of $28.05. The company has a current ratio of 1.57, a quick ratio of 1.16 and a debt-to-equity ratio of 0.36.

Intel (NASDAQ:INTC – Get Rating) last announced its earnings results on Thursday, January 26th. The chip maker reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.10). Intel had a net margin of 12.71% and a return on equity of 7.45%. The company had revenue of $14.04 billion during the quarter, compared to analysts' expectations of $14.49 billion. During the same quarter last year, the business posted $1.09 earnings per share. The company's revenue for the quarter was down 31.6% compared to the same quarter last year. On average, research analysts forecast that Intel Co. will post 0.55 earnings per share for the current fiscal year.

Intel Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Sunday, May 7th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, May 4th. This represents a $0.50 dividend on an annualized basis and a yield of 1.74%. Intel's payout ratio is currently 74.49%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on INTC shares. Bank of America decreased their price objective on Intel from $28.00 to $25.00 and set an "underperform" rating for the company in a research note on Friday, January 27th. Sanford C. Bernstein set a $20.00 price objective on shares of Intel in a research report on Friday, January 27th. StockNews.com started coverage on shares of Intel in a report on Thursday, March 16th. They issued a "hold" rating on the stock. Northland Securities lowered their target price on shares of Intel from $52.00 to $45.00 and set an "outperform" rating for the company in a research note on Friday, January 27th. Finally, Wedbush restated an "underperform" rating and issued a $20.00 price target (down from $23.00) on shares of Intel in a research note on Monday, January 23rd. Eight research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $29.48.

About Intel

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Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Network and Edge (NEX), Mobileye, Accelerated Computing Systems and Graphics (AXG), Intel Foundry Services (IFS), and All Other.

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