Calamos Advisors LLC Sells 276,483 Shares of Intel Co. (NASDAQ:INTC)

Calamos Advisors LLC lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 32.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 572,916 shares of the chip maker’s stock after selling 276,483 shares during the quarter. Calamos Advisors LLC’s holdings in Intel were worth $28,789,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cantor Fitzgerald Investment Advisor L.P grew its holdings in Intel by 173.6% during the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 539,976 shares of the chip maker’s stock valued at $26,761,000 after buying an additional 342,649 shares in the last quarter. Axiom Financial Strategies LLC boosted its holdings in shares of Intel by 21.6% in the 1st quarter. Axiom Financial Strategies LLC now owns 5,944 shares of the chip maker’s stock worth $260,000 after purchasing an additional 1,056 shares during the period. Fairfield Bush & CO. purchased a new position in shares of Intel in the 1st quarter worth approximately $142,000. Retirement Income Solutions Inc boosted its holdings in shares of Intel by 5.1% in the 1st quarter. Retirement Income Solutions Inc now owns 6,338 shares of the chip maker’s stock worth $314,000 after purchasing an additional 307 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Intel by 26.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,863,459 shares of the chip maker’s stock worth $290,593,000 after purchasing an additional 1,244,247 shares during the period. Institutional investors own 64.53% of the company’s stock.

Insider Transactions at Intel

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on INTC shares. Evercore ISI started coverage on Intel in a report on Tuesday. They issued an “in-line” rating and a $40.00 target price for the company. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 target price on shares of Intel in a report on Wednesday, April 3rd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $50.00 target price on shares of Intel in a report on Wednesday, April 3rd. UBS Group boosted their price objective on Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Finally, Truist Financial restated a “hold” rating and set a $45.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Four equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $42.62.

Intel Stock Down 1.3 %

Shares of INTC traded down $0.46 during trading hours on Friday, hitting $34.58. The company had a trading volume of 8,125,157 shares, compared to its average volume of 46,329,945. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. The company’s fifty day moving average price is $42.03 and its two-hundred day moving average price is $42.30. The company has a market capitalization of $146.20 billion, a PE ratio of 89.85, a price-to-earnings-growth ratio of 3.20 and a beta of 1.00. Intel Co. has a one year low of $26.85 and a one year high of $51.28.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping 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 firm had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter in the prior year, the business earned $0.10 earnings per share. The company’s revenue was up 9.7% compared to the same quarter last year. As a group, equities analysts forecast that Intel Co. will post 0.61 earnings per share for the current fiscal year.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.45%. Intel’s payout ratio is 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.