Intel Co. (NASDAQ:INTC) Shares Sold by Udine Wealth Management Inc.

Udine Wealth Management Inc. decreased its position in shares of Intel Co. (NASDAQ:INTC) by 19.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,998 shares of the chip maker’s stock after selling 19,941 shares during the period. Intel accounts for approximately 2.7% of Udine Wealth Management Inc.’s portfolio, making the stock its 10th biggest position. Udine Wealth Management Inc.’s holdings in Intel were worth $3,754,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of INTC. New Millennium Group LLC lifted its position in shares of 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 during the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Intel in the 4th quarter valued at approximately $27,000. Burkett Financial Services LLC bought a new stake in shares of Intel in the 4th quarter valued at approximately $27,000. Raleigh Capital Management Inc. grew its stake in shares of Intel by 62.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after purchasing an additional 362 shares during the period. Finally, Valued Wealth Advisors LLC bought a new stake in shares of Intel in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Activity

In related news, CEO Patrick P. Gelsinger acquired 4,100 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was bought at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the acquisition, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Patrick P. Gelsinger acquired 4,100 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was bought at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the acquisition, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Patrick P. Gelsinger bought 4,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average price of $31.42 per share, with a total value of $125,680.00. Following the completion of the purchase, the chief executive officer now directly owns 35,275 shares in the company, valued at approximately $1,108,340.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on INTC shares. UBS Group boosted their target price on Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Morgan Stanley reduced their target price on Intel from $48.00 to $36.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Bank of America reduced their price objective on Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. Wells Fargo & Company reduced their price objective on Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $50.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Three investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus target price of $39.58.

Intel Stock Down 0.7 %

INTC stock traded down $0.22 during trading hours on Monday, reaching $30.75. 13,091,694 shares of the stock were exchanged, compared to its average volume of 46,569,297. The firm’s 50-day moving average is $31.08 and its 200-day moving average is $39.46. The company has a market cap of $130.90 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 14.76 and a beta of 1.05. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. Intel Co. has a 12 month low of $29.73 and a 12 month high of $51.28.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The firm had revenue of $12.72 billion for the quarter, compared to the consensus estimate of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. On average, equities research analysts expect that Intel Co. will post 0.09 earnings per share for the current year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s payout ratio is 52.08%.

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.