Intel Co. (NASDAQ:INTC) Shares Sold by Alan B Lancz & Associates Inc.

Alan B Lancz & Associates Inc. trimmed its holdings in Intel Co. (NASDAQ:INTC) by 6.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,582 shares of the chip maker’s stock after selling 500 shares during the period. Alan B Lancz & Associates Inc.’s holdings in Intel were worth $381,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Legacy Financial Group LLC acquired a new position in shares of Intel during the 3rd quarter valued at about $30,000. Brown Advisory Inc. grew its stake in shares of Intel by 1.6% in the 3rd quarter. Brown Advisory Inc. now owns 518,272 shares of the chip maker’s stock valued at $18,425,000 after buying an additional 8,108 shares during the period. Segment Wealth Management LLC acquired a new stake in shares of Intel during the 3rd quarter worth approximately $216,000. Signet Financial Management LLC purchased a new stake in shares of Intel during the 3rd quarter valued at approximately $206,000. Finally, Jacobsen Capital Management acquired a new position in Intel in the third quarter valued at approximately $237,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Truist Financial reduced their target price on Intel from $45.00 to $33.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Morgan Stanley dropped their price objective on Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. HSBC decreased their target price on Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. The Goldman Sachs Group lowered their price target on shares of Intel from $39.00 to $34.00 and set a “sell” rating for the company in a report on Friday, April 26th. Finally, Sanford C. Bernstein reduced their price objective on shares of Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a report on Friday, April 26th. Four research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and an average price target of $39.75.

Intel Stock Performance

NASDAQ:INTC traded up $0.39 during mid-day trading on Friday, reaching $30.90. The stock had a trading volume of 36,794,828 shares, compared to its average volume of 58,447,700. Intel Co. has a twelve month low of $26.85 and a twelve month high of $51.28. The business has a 50 day simple moving average of $39.84 and a 200 day simple moving average of $42.06. The firm has a market capitalization of $131.54 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 9.93 and a beta of 1.09. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be paid a $0.125 dividend. The ex-dividend date of this dividend is 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 presently 52.08%.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger bought 4,100 shares of Intel stock in a transaction on Wednesday, May 1st. The stock was bought at an average price of $30.29 per share, with a total value of $124,189.00. Following the completion of the acquisition, the chief executive officer now owns 39,375 shares in the company, valued at $1,192,668.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Patrick P. Gelsinger bought 4,100 shares of the stock in a transaction on Wednesday, May 1st. The shares were bought at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the transaction, the chief executive officer now owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Patrick P. Gelsinger purchased 4,000 shares of Intel stock in a transaction dated Monday, April 29th. The shares were bought at an average price of $31.42 per share, with a total value of $125,680.00. Following the completion of the transaction, the chief executive officer now owns 35,275 shares in the company, valued at approximately $1,108,340.50. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by corporate insiders.

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.