Intel Co. (NASDAQ:INTC) Shares Sold by Shufro Rose & Co. LLC

Shufro Rose & Co. LLC trimmed its position in Intel Co. (NASDAQ:INTC) by 0.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 312,866 shares of the chip maker’s stock after selling 560 shares during the period. Intel comprises about 1.4% of Shufro Rose & Co. LLC’s portfolio, making the stock its 22nd largest holding. Shufro Rose & Co. LLC’s holdings in Intel were worth $15,722,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in INTC. CX Institutional boosted its holdings in shares of Intel by 13.4% during the 3rd quarter. CX Institutional now owns 20,985 shares of the chip maker’s stock worth $746,000 after purchasing an additional 2,474 shares during the last quarter. Walkner Condon Financial Advisors LLC acquired a new position in shares of Intel during the 3rd quarter worth approximately $364,000. Quattro Financial Advisors LLC boosted its holdings in shares of Intel by 160.0% during the 3rd quarter. Quattro Financial Advisors LLC now owns 65,000 shares of the chip maker’s stock worth $2,311,000 after purchasing an additional 40,000 shares during the last quarter. Avestar Capital LLC lifted its holdings in Intel by 9.9% in the third quarter. Avestar Capital LLC now owns 18,814 shares of the chip maker’s stock valued at $669,000 after acquiring an additional 1,701 shares during the last quarter. Finally, Ascent Wealth Partners LLC acquired a new position in Intel in the third quarter valued at approximately $313,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Performance

INTC traded down $3.23 on Friday, hitting $31.88. 119,742,494 shares of the company’s stock were exchanged, compared to its average volume of 50,613,192. The firm has a market cap of $134.79 billion, a PE ratio of 33.21, a P/E/G ratio of 2.89 and a beta of 1.00. Intel Co. has a twelve month low of $26.85 and a twelve month high of $51.28. The stock has a fifty day moving average of $40.88 and a two-hundred day moving average of $42.27. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.27. Intel had a net margin of 7.36% and a return on equity of 2.22%. The firm had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the prior year, the business earned $0.10 earnings per share. Intel’s quarterly revenue was up 9.7% on a year-over-year basis. On average, research analysts anticipate that Intel Co. will post 0.6 earnings per share for the current fiscal year.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s dividend payout ratio (DPR) is 52.08%.

Analysts Set New Price Targets

A number of analysts have issued reports on INTC shares. Mizuho cut their target price on Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday. Susquehanna dropped their target price on Intel from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday. Citigroup dropped their target price on Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday. Finally, Sanford C. Bernstein decreased their price objective on shares of Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a research note on Friday. Four research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Intel currently has a consensus rating of “Hold” and an average target price of $39.75.

Insiders Place Their Bets

In other news, CEO Patrick P. Gelsinger bought 3,000 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was purchased at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the transaction, the chief executive officer now owns 28,475 shares in the company, valued at $1,234,676. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Patrick P. Gelsinger bought 3,000 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was purchased at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the transaction, the chief executive officer now owns 28,475 shares in the company, valued at $1,234,676. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was purchased at an average price of $42.74 per share, with a total value of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

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.