Intel Co. (NASDAQ:INTC) Shares Sold by First Foundation Advisors

First Foundation Advisors lessened its holdings in Intel Co. (NASDAQ:INTC) by 5.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,679 shares of the chip maker’s stock after selling 688 shares during the quarter. First Foundation Advisors’ holdings in Intel were worth $560,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in INTC. New Millennium Group LLC boosted its holdings in Intel by 87.2% in the fourth 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 period. Frazier Financial Advisors LLC acquired a new position in Intel in the fourth quarter worth $27,000. Burkett Financial Services LLC acquired a new position in Intel in the fourth quarter worth $27,000. Tributary Capital Management LLC acquired a new position in Intel in the first quarter worth $27,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new position in Intel in the first quarter worth $36,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on INTC. UBS Group lifted their price objective on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, April 26th. HSBC reduced their price target on shares of Intel from $44.00 to $37.00 and set a “hold” rating for the company in a report on Tuesday, April 23rd. Wedbush reduced their price target on shares of Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a report on Friday, April 26th. Finally, Evercore ISI reduced their price target on shares of Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $39.25.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger acquired 4,100 shares of Intel stock in a transaction on Wednesday, May 1st. The stock was bought at an average cost of $30.29 per share, with a total value of $124,189.00. Following the completion of the purchase, the chief executive officer now owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Intel news, CEO Patrick P. Gelsinger bought 4,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were bought at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the acquisition, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick P. Gelsinger bought 4,100 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was acquired 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 in the company, valued at $1,192,668.75. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Intel Price Performance

Intel stock traded down $1.89 during midday trading on Friday, hitting $32.98. The company’s stock had a trading volume of 69,628,654 shares, compared to its average volume of 50,896,944. 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 stock’s 50-day moving average price is $31.56 and its 200-day moving average price is $37.97. Intel Co. has a 12 month low of $29.73 and a 12 month high of $51.28. The company has a market capitalization of $140.40 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 19.74 and a beta of 1.05.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Intel had a return on equity of 2.19% and a net margin of 7.36%. The business had revenue of $12.72 billion during the quarter, compared to the consensus estimate of $12.76 billion. Analysts anticipate that Intel Co. will post 0.07 earnings per share for the current fiscal year.

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s dividend payout ratio is presently 52.08%.

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.