New York Life Investment Management LLC Has $33.77 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

New York Life Investment Management LLC decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 9.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 671,959 shares of the chip maker’s stock after selling 68,718 shares during the period. New York Life Investment Management LLC’s holdings in Intel were worth $33,766,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of INTC. New Millennium Group LLC raised its holdings in shares of 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 purchasing an additional 231 shares during the last quarter. Legacy Financial Group LLC bought a new position in Intel during the third quarter valued at about $30,000. Raleigh Capital Management Inc. boosted its position in Intel by 62.8% during the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after purchasing an additional 362 shares during the period. Valued Wealth Advisors LLC bought a new position in Intel during the fourth quarter worth about $36,000. Finally, Briaud Financial Planning Inc bought a new position in Intel during the third quarter worth about $40,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Activity

In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of the stock in a transaction dated 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 directly owns 31,275 shares in the company, valued at $1,336,693.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of the stock in a transaction dated 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 directly owns 31,275 shares in the company, valued at $1,336,693.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Patrick P. Gelsinger bought 4,000 shares of the firm’s stock in a transaction on 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 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. Company insiders own 0.04% of the company’s stock.

Intel Stock Down 0.3 %

Shares of INTC stock traded down $0.10 during mid-day trading on Wednesday, reaching $30.37. 58,406,164 shares of the company’s stock traded hands, compared to its average volume of 48,681,617. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28. The company has a market cap of $129.29 billion, a P/E ratio of 31.40, a P/E/G ratio of 3.31 and a beta of 1.00. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The company’s 50-day moving average price is $40.35 and its 200-day moving average price is $42.23.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Benchmark restated a “buy” rating and issued a $62.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, April 26th. TD Cowen cut their price objective on shares of Intel from $42.00 to $35.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Raymond James cut their price objective on shares of Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Finally, Wells Fargo & Company cut their price objective on shares of Intel from $43.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Four research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus price target of $39.75.

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.