Intel Co. (NASDAQ:INTC) Shares Sold by Mastrapasqua Asset Management Inc.

Mastrapasqua Asset Management Inc. lowered its position in Intel Co. (NASDAQ:INTC) by 8.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,440 shares of the chip maker’s stock after selling 500 shares during the period. Mastrapasqua Asset Management Inc.’s holdings in Intel were worth $348,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the business. Tennessee Valley Asset Management Partners raised its position in shares of Intel by 3.2% in the first quarter. Tennessee Valley Asset Management Partners now owns 5,017 shares of the chip maker’s stock worth $321,000 after acquiring an additional 154 shares during the period. Clear Harbor Asset Management LLC raised its position in shares of Intel by 0.8% in the first quarter. Clear Harbor Asset Management LLC now owns 22,335 shares of the chip maker’s stock worth $1,429,000 after acquiring an additional 170 shares during the period. Pin Oak Investment Advisors Inc. raised its position in shares of Intel by 1.7% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 10,135 shares of the chip maker’s stock worth $505,000 after acquiring an additional 173 shares during the period. Global Trust Asset Management LLC raised its position in shares of Intel by 1.1% in the fourth quarter. Global Trust Asset Management LLC now owns 15,443 shares of the chip maker’s stock worth $769,000 after acquiring an additional 175 shares during the period. Finally, ACG Wealth raised its position in shares of Intel by 0.3% in the first quarter. ACG Wealth now owns 55,626 shares of the chip maker’s stock worth $3,560,000 after acquiring an additional 177 shares during the period. Institutional investors and hedge funds own 63.25% of the company’s stock.

Intel stock opened at $55.04 on Wednesday. The firm has a market cap of $222.25 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 1.63 and a beta of 0.74. Intel Co. has a 52-week low of $43.61 and a 52-week high of $68.49. The company has a quick ratio of 1.24, a current ratio of 1.66 and a debt-to-equity ratio of 0.48. The company’s 50 day moving average is $62.30 and its two-hundred day moving average is $55.66.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Wednesday, April 21st. The chip maker reported $1.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.24. Intel had a net margin of 28.10% and a return on equity of 29.44%. The business had revenue of $18.60 billion for the quarter, compared to analyst estimates of $17.97 billion. During the same period last year, the business earned $1.45 EPS. The company’s revenue was down 6.2% on a year-over-year basis. On average, equities research analysts anticipate that Intel Co. will post 4.89 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 1st. Stockholders of record on Friday, May 7th will be issued a $0.3475 dividend. The ex-dividend date of this dividend is Thursday, May 6th. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.53%. Intel’s payout ratio is 28.54%.

Several research firms recently weighed in on INTC. KeyCorp upped their price target on shares of Intel from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, January 22nd. Cowen upped their price target on shares of Intel from $75.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday, January 22nd. Raymond James restated an “underperform” rating on shares of Intel in a research report on Wednesday, April 21st. Truist Securities upped their price target on shares of Intel from $64.00 to $73.00 in a research report on Wednesday, March 24th. Finally, Jefferies Financial Group upped their price objective on shares of Intel from $57.00 to $59.00 and gave the company a “hold” rating in a research note on Tuesday, March 30th. Thirteen equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Intel has an average rating of “Hold” and a consensus target price of $63.29.

In related news, Director Dion J. Weisler bought 4,464 shares of the company’s stock in a transaction that occurred on Tuesday, May 4th. The shares were purchased at an average cost of $56.00 per share, with a total value of $249,984.00. Following the transaction, the director now directly owns 4,464 shares of the company’s stock, valued at approximately $249,984. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Gregory M. Bryant sold 2,842 shares of the stock in a transaction on Monday, May 3rd. The shares were sold at an average price of $57.83, for a total transaction of $164,352.86. 0.04% of the stock is currently owned by company insiders.

Intel Company Profile

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.

Featured Article: Buy-Side Analysts

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTC).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.