Sage Investment Advisers LLC Has $223,000 Stake in Intel Co. (NASDAQ:INTC)

Sage Investment Advisers LLC trimmed its position in Intel Co. (NASDAQ:INTC) by 25.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,435 shares of the chip maker’s stock after selling 1,550 shares during the quarter. Sage Investment Advisers LLC’s holdings in Intel were worth $223,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of INTC. New Millennium Group LLC grew its position in Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after acquiring an additional 231 shares during the period. Raleigh Capital Management Inc. grew its position in Intel by 62.8% in the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after acquiring an additional 362 shares during the period. Valued Wealth Advisors LLC bought a new stake in Intel in the fourth quarter valued at $36,000. Signature Resources Capital Management LLC bought a new stake in Intel in the fourth quarter valued at $37,000. Finally, Bare Financial Services Inc bought a new stake in Intel in the fourth quarter valued at $39,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. JPMorgan Chase & Co. decreased their target price on Intel from $37.00 to $35.00 and set an “underweight” rating on the stock in a report on Friday, April 26th. Barclays decreased their target price on Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. UBS Group increased their target price on Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. The Goldman Sachs Group decreased their target price on Intel from $39.00 to $34.00 and set a “sell” rating on the stock in a report on Friday, April 26th. Finally, Wells Fargo & Company decreased their target price on Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Four analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Intel presently has an average rating of “Hold” and an average price target of $39.75.

Intel Price Performance

INTC stock traded down $0.68 during midday trading on Wednesday, reaching $30.00. 61,337,691 shares of the stock were exchanged, compared to its average volume of 48,554,020. The stock has a market capitalization of $127.71 billion, a PE ratio of 31.15, a P/E/G ratio of 10.05 and a beta of 1.09. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. The company has a fifty day moving average price of $39.12 and a 200 day moving average price of $42.05.

Intel Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be given a dividend of $0.125 per share. The ex-dividend date is Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.67%. Intel’s dividend payout ratio is currently 52.08%.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger bought 4,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were bought at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the transaction, the chief executive officer now directly owns 35,275 shares in the company, valued at $1,108,340.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger bought 4,100 shares of Intel stock in a transaction dated Wednesday, May 1st. The stock was bought at an average cost of $30.29 per share, with a total value of $124,189.00. Following the completion of the acquisition, the chief executive officer now directly 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 this link. Also, CEO Patrick P. Gelsinger bought 4,000 shares of Intel stock in a transaction dated Monday, April 29th. The stock was acquired at an average cost of $31.42 per share, with a total value of $125,680.00. Following the completion of the acquisition, the chief executive officer now owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by corporate insiders.

Intel 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.