Intel Co. (NASDAQ:INTC) Shares Sold by Bennett Selby Investments LP

Bennett Selby Investments LP lowered its stake in Intel Co. (NASDAQ:INTCFree Report) by 37.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,847 shares of the chip maker’s stock after selling 2,951 shares during the quarter. Bennett Selby Investments LP’s holdings in Intel were worth $244,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC acquired a new stake in Intel during the second quarter worth about $25,000. Legacy Financial Group LLC acquired a new position in Intel in the third quarter valued at approximately $30,000. Milestone Investment Advisors LLC purchased a new stake in Intel in the first quarter valued at approximately $32,000. Raleigh Capital Management Inc. lifted its stake in Intel by 62.8% in the third 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. Finally, Valued Wealth Advisors LLC purchased a new stake in Intel in the fourth quarter valued at approximately $36,000. 60.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Intel

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

Intel Price Performance

Shares of INTC stock traded down $0.11 during trading hours on Friday, reaching $42.64. The stock had a trading volume of 66,932,711 shares, compared to its average volume of 45,380,969. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28. The firm has a market capitalization of $180.28 billion, a PE ratio of 109.34, a PEG ratio of 4.51 and a beta of 1.00. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. The stock’s fifty day simple moving average is $44.73 and its 200 day simple moving average is $41.65.

Intel (NASDAQ:INTCGet Free Report) last announced its quarterly earnings data 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 net margin of 3.11% and a return on equity of 1.64%. The firm had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same period in the previous year, the business posted $0.10 EPS. The business’s quarterly revenue was up 9.7% on a year-over-year basis. On average, equities research analysts predict that Intel Co. will post 0.64 EPS for the current year.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio is presently 128.21%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Raymond James dropped their price objective on Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. Rosenblatt Securities restated a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Friday, February 23rd. The Goldman Sachs Group boosted their price objective on shares of Intel from $34.00 to $39.00 and gave the stock a “sell” rating in a research note on Friday, January 26th. Stifel Nicolaus boosted their price objective on shares of Intel from $38.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Finally, Morgan Stanley upped their price target on shares of Intel from $39.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Four investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $41.48.

Check Out Our Latest Analysis on INTC

About Intel

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTCFree Report).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.