Avior Wealth Management LLC Sells 787 Shares of Intel Co. (NASDAQ:INTC)

Avior Wealth Management LLC decreased its holdings in Intel Co. (NASDAQ:INTC) by 4.0% in the 4th quarter, HoldingsChannel reports. The firm owned 18,729 shares of the chip maker’s stock after selling 787 shares during the quarter. Avior Wealth Management LLC’s holdings in Intel were worth $941,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Cantor Fitzgerald Investment Advisor L.P boosted its position in shares of Intel by 173.6% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 539,976 shares of the chip maker’s stock worth $26,761,000 after buying an additional 342,649 shares during the period. Axiom Financial Strategies LLC raised its holdings in Intel by 21.6% during the first quarter. Axiom Financial Strategies LLC now owns 5,944 shares of the chip maker’s stock worth $260,000 after acquiring an additional 1,056 shares in the last quarter. Fairfield Bush & CO. bought a new stake in Intel during the first quarter worth about $142,000. Retirement Income Solutions Inc raised its holdings in Intel by 5.1% during the first quarter. Retirement Income Solutions Inc now owns 6,338 shares of the chip maker’s stock worth $314,000 after acquiring an additional 307 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Intel by 26.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,863,459 shares of the chip maker’s stock worth $290,593,000 after acquiring an additional 1,244,247 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger bought 3,000 shares of Intel stock in a transaction on Monday, January 29th. The shares were purchased at an average price of $43.36 per share, with a total value of $130,080.00. Following the acquisition, the chief executive officer now owns 28,475 shares in the company, valued at approximately $1,234,676. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Patrick P. Gelsinger purchased 3,000 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was bought at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the purchase, the chief executive officer now owns 28,475 shares of the company’s stock, valued at $1,234,676. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick P. Gelsinger purchased 2,800 shares of the company’s 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 completion of the purchase, the chief executive officer now directly owns 31,275 shares in the company, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on INTC shares. HSBC dropped their price objective on Intel from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Friday, January 26th. Raymond James dropped their price objective on Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a research note on Friday, January 26th. Wedbush restated a “neutral” rating and issued a $40.00 price objective on shares of Intel in a research note on Wednesday. Mizuho dropped their price objective on Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Finally, Truist Financial restated a “hold” rating and issued a $45.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel has an average rating of “Hold” and an average target price of $42.62.

Intel Trading Down 1.6 %

Shares of INTC stock opened at $35.68 on Thursday. The stock’s fifty day moving average price is $42.18 and its two-hundred day moving average price is $42.35. The company has a market cap of $150.86 billion, a PE ratio of 91.49, a P/E/G ratio of 3.21 and a beta of 1.00. Intel Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. The firm had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS. Equities analysts predict that Intel Co. will post 0.62 EPS for the current fiscal year.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s dividend payout ratio is presently 128.21%.

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.