Crossmark Global Holdings Inc. Cuts Stock Holdings in Intel Co. (NASDAQ:INTC)

Crossmark Global Holdings Inc. reduced its stake in Intel Co. (NASDAQ:INTC) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 220,048 shares of the chip maker’s stock after selling 5,287 shares during the period. Crossmark Global Holdings Inc.’s holdings in Intel were worth $11,057,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of INTC. New Millennium Group LLC increased its stake in shares of Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after buying an additional 231 shares during the period. Frazier Financial Advisors LLC acquired a new position in Intel in the fourth quarter valued at approximately $27,000. Burkett Financial Services LLC acquired a new position in Intel in the fourth quarter valued at approximately $27,000. Raleigh Capital Management Inc. increased its stake 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 purchasing an additional 362 shares during the last quarter. Finally, Valued Wealth Advisors LLC acquired a new stake in Intel during the fourth quarter worth approximately $36,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Intel

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

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of recent analyst reports. Evercore ISI dropped their target price on shares of Intel from $40.00 to $36.00 and set an “in-line” rating on the stock in a research report on Friday, April 26th. Bank of America decreased their price objective on shares of Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. Cantor Fitzgerald restated a “neutral” rating and issued a $50.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. The Goldman Sachs Group decreased their price objective on shares of Intel from $34.00 to $30.00 and set a “sell” rating for the company in a research note on Thursday, May 9th. Finally, Susquehanna decreased their price objective on shares of Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. Four investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $39.58.

Intel Price Performance

Intel stock traded up $0.75 during mid-day trading on Wednesday, reaching $30.78. The company had a trading volume of 44,032,027 shares, compared to its average volume of 48,015,762. Intel Co. has a 1 year low of $29.69 and a 1 year 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 market capitalization of $131.03 billion, a P/E ratio of 31.78, a P/E/G ratio of 14.44 and a beta of 1.06. The stock’s 50-day simple moving average is $34.10 and its 200-day simple moving average is $41.09.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share (EPS) 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 company had revenue of $12.72 billion during the quarter, compared to analysts’ expectations of $12.76 billion. On average, equities analysts predict that Intel Co. will post 0.09 EPS for the current year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were paid a dividend of $0.125 per share. The ex-dividend date was Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.62%. Intel’s dividend payout ratio (DPR) is 52.08%.

About Intel

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.