Intel Co. (NASDAQ:INTC) Shares Sold by Lafayette Investments Inc.

Lafayette Investments Inc. lowered its stake in Intel Co. (NASDAQ:INTC) by 1.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 55,920 shares of the chip maker’s stock after selling 1,046 shares during the period. Lafayette Investments Inc.’s holdings in Intel were worth $2,810,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. New Millennium Group LLC increased its position in shares of Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after purchasing an additional 231 shares during the last quarter. Cornerstone Planning Group LLC bought a new stake in shares of Intel during the 2nd quarter valued at about $25,000. Legacy Financial Group LLC bought a new stake in shares of Intel during the 3rd quarter valued at about $30,000. Milestone Investment Advisors LLC bought a new stake in shares of Intel during the 1st quarter valued at about $32,000. Finally, Raleigh Capital Management Inc. grew its position in shares of Intel by 62.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after buying an additional 362 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were purchased at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the purchase, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were purchased at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the purchase, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 3,000 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were acquired at an average price 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 in the company, valued at $1,234,676. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of Intel from $48.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 9th. Cantor Fitzgerald restated a “neutral” rating and issued a $50.00 target price on shares of Intel in a research report on Wednesday, April 3rd. HSBC decreased their target price on shares of Intel from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Friday, January 26th. Raymond James decreased their target price 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, TD Cowen decreased their target price on shares of Intel from $45.00 to $42.00 and set a “market perform” rating for the company in a research report on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Intel currently has an average rating of “Hold” and a consensus price target of $42.62.

Intel Trading Down 1.0 %

Shares of NASDAQ:INTC traded down $0.34 during mid-day trading on Friday, hitting $34.70. The stock had a trading volume of 16,551,599 shares, compared to its average volume of 46,448,484. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The company has a market cap of $146.71 billion, a PE ratio of 89.08, a P/E/G ratio of 3.20 and a beta of 1.00. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28. The company’s 50 day moving average is $42.03 and its 200-day moving average is $42.30.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.27 by $0.27. The business had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS. On average, sell-side analysts predict that Intel Co. will post 0.61 EPS for the current year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 annualized dividend and a yield of 1.44%. Intel’s dividend payout ratio is presently 128.21%.

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.