Amalgamated Bank Sells 25,312 Shares of Intel Co. (NASDAQ:INTC)

Amalgamated Bank reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,028,313 shares of the chip maker’s stock after selling 25,312 shares during the quarter. Amalgamated Bank’s holdings in Intel were worth $51,673,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. New Millennium Group LLC grew 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 valued at $25,000 after acquiring an additional 231 shares during the period. Legacy Financial Group LLC acquired a new position in Intel in the third quarter valued at approximately $30,000. Raleigh Capital Management Inc. increased its stake in Intel by 62.8% during the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after acquiring an additional 362 shares during the last quarter. Valued Wealth Advisors LLC purchased a new stake in Intel in the fourth quarter valued at $36,000. Finally, Briaud Financial Planning Inc acquired a new position in shares of Intel in the 3rd quarter valued at $40,000. Institutional investors own 64.53% of the company’s stock.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger acquired 4,000 shares of Intel stock in a transaction that occurred on Monday, April 29th. The stock was acquired at an average price of $31.42 per share, with a total value of $125,680.00. Following the purchase, the chief executive officer now owns 35,275 shares in the company, valued at $1,108,340.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.04% of the company’s stock.

Intel Stock Up 0.5 %

Shares of INTC traded up $0.14 during midday trading on Thursday, reaching $30.51. 47,872,460 shares of the stock were exchanged, compared to its average volume of 48,574,871. The company has a market cap of $129.88 billion, a price-to-earnings ratio of 31.59, a P/E/G ratio of 8.39 and a beta of 1.09. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28. The firm has a 50 day simple moving average of $40.09 and a 200-day simple moving average of $42.14.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Citigroup decreased their target price on shares of Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Sanford C. Bernstein decreased their price target on shares of Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a research report on Friday, April 26th. Evercore ISI reduced their price objective on Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a research note on Friday, April 26th. UBS Group raised their price target on Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Finally, Raymond James decreased their price objective on Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus target price of $39.75.

Intel Company 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.