Resonant Capital Advisors LLC Sells 1,211 Shares of Intel Co. (NASDAQ:INTC)

Resonant Capital Advisors LLC trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 12.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,776 shares of the chip maker’s stock after selling 1,211 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Intel were worth $441,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. New Millennium Group LLC increased its stake in Intel by 87.2% during 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 in the last quarter. Cornerstone Planning Group LLC bought a new position in shares of Intel during the 2nd quarter worth approximately $25,000. Legacy Financial Group LLC bought a new position in shares of Intel during the 3rd quarter worth approximately $30,000. Milestone Investment Advisors LLC bought a new position in shares of Intel during the 1st quarter worth approximately $32,000. Finally, Raleigh Capital Management Inc. grew its stake 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 worth $33,000 after acquiring an additional 362 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Trading Down 2.4 %

Shares of Intel stock opened at $34.20 on Friday. The business has a fifty day simple moving average of $41.85 and a two-hundred day simple moving average of $42.29. Intel Co. has a 1 year low of $26.85 and a 1 year high of $51.28. The company has a market capitalization of $144.60 billion, a price-to-earnings ratio of 87.69, a P/E/G ratio of 3.15 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The company had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter last year, the firm earned $0.10 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. Research analysts forecast that Intel Co. will post 0.61 EPS for the current year.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s dividend payout ratio is currently 128.21%.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger bought 2,800 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was bought at an average price of $42.74 per share, with a total value of $119,672.00. Following the completion of the acquisition, the chief executive officer now owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Patrick P. Gelsinger purchased 3,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the transaction, 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 accessible through the SEC website. Also, CEO Patrick P. Gelsinger purchased 2,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was bought at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the transaction, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. HSBC decreased their price target on shares of Intel from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Friday, January 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 26th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $50.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Susquehanna decreased their price target on shares of Intel from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Benchmark reissued a “buy” rating and issued a $62.00 target price on shares of Intel in a research note on Wednesday, April 3rd. Four research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $42.62.

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.