Tufton Capital Management Has $4.71 Million Stake in Intel Co. (NASDAQ:INTC)

Tufton Capital Management decreased its stake in Intel Co. (NASDAQ:INTC) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,652 shares of the chip maker’s stock after selling 6,150 shares during the quarter. Tufton Capital Management’s holdings in Intel were worth $4,706,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. New Millennium Group LLC raised its position in Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares during the last quarter. Valued Wealth Advisors LLC bought a new stake in Intel in the fourth quarter valued at about $36,000. Cornerstone Planning Group LLC bought a new stake in Intel in the second quarter valued at about $25,000. Lumature Wealth Partners LLC increased its holdings in Intel by 146.7% in the first quarter. Lumature Wealth Partners LLC now owns 824 shares of the chip maker’s stock valued at $41,000 after purchasing an additional 490 shares during the last quarter. Finally, Legacy Financial Group LLC bought a new stake in Intel in the third quarter valued at about $30,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger bought 2,800 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average cost of $42.74 per share, with a total value of $119,672.00. Following the transaction, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Intel news, CEO Patrick P. Gelsinger acquired 2,800 shares of the stock in a transaction dated Thursday, February 1st. The stock was purchased at an average cost of $42.74 per share, with a total value of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Patrick P. Gelsinger bought 3,000 shares of Intel stock in a transaction dated Monday, January 29th. The stock was purchased at an average price of $43.36 per share, with a total value of $130,080.00. Following the completion of the purchase, the chief executive officer now owns 28,475 shares in the company, valued at $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on INTC shares. Wells Fargo & Company decreased their target price on Intel from $48.00 to $43.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 9th. Barclays upped their target price on Intel from $32.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 16th. Benchmark restated a “buy” rating and issued a $62.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. UBS Group upped their price objective on Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Monday, April 1st. Finally, The Goldman Sachs Group upped their price objective on Intel from $34.00 to $39.00 and gave the company a “sell” rating in a research note on Friday, January 26th. Four research analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $42.62.

Intel Price Performance

Shares of INTC traded down $0.19 during trading hours on Thursday, reaching $35.49. The stock had a trading volume of 11,579,044 shares, compared to its average volume of 46,438,727. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28. The stock has a market capitalization of $150.05 billion, a PE ratio of 91.28, a PEG ratio of 3.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The company’s 50-day moving average is $42.18 and its two-hundred day moving average is $42.35.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The company had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same period in the prior year, the company earned $0.10 EPS. Intel’s revenue was up 9.7% compared to the same quarter last year. Research analysts expect that Intel Co. will post 0.62 EPS for the current year.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s dividend payout ratio is currently 128.21%.

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.