Intel Co. (NASDAQ:INTC) Shares Sold by Hyman Charles D

Hyman Charles D trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 369,744 shares of the chip maker’s stock after selling 10,317 shares during the period. Intel comprises approximately 1.1% of Hyman Charles D’s investment portfolio, making the stock its 27th biggest position. Hyman Charles D’s holdings in Intel were worth $18,580,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Slow Capital Inc. lifted its position in Intel by 0.9% in the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock worth $2,749,000 after buying an additional 508 shares in the last quarter. Altus Wealth Group LLC lifted its position in Intel by 29.4% in the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after buying an additional 5,759 shares in the last quarter. Alera Investment Advisors LLC purchased a new stake in Intel in the 4th quarter worth approximately $201,000. Callan Capital LLC lifted its position in Intel by 9.1% in the 4th quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock worth $884,000 after buying an additional 1,474 shares in the last quarter. Finally, Vanguard Capital Wealth Advisors lifted its position in Intel by 1.3% in the 3rd quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock worth $1,613,000 after buying an additional 574 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on INTC. Bank of America cut their target price on shares of Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Citigroup cut their price target on shares of Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. Cantor Fitzgerald restated a “neutral” rating and set a $50.00 price target on shares of Intel in a report on Wednesday, April 3rd. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, April 26th. Finally, Rosenblatt Securities restated a “sell” rating and set a $17.00 price target on shares of Intel in a report on Friday, April 26th. Four investment analysts have rated the stock with a sell rating, twenty-one have issued 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 a consensus price target of $39.75.

Intel Price Performance

INTC stock traded down $0.68 during trading on Wednesday, hitting $30.00. 63,662,910 shares of the stock traded hands, compared to its average volume of 48,568,035. Intel Co. has a one year low of $26.85 and a one year high of $51.28. The stock has a market cap of $127.71 billion, a price-to-earnings ratio of 31.25, a P/E/G ratio of 10.05 and a beta of 1.09. The company has a 50 day simple moving average of $39.12 and a 200 day simple moving average of $42.05. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43.

Intel Dividend Announcement

The business 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 dividend yield of 1.67%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio is presently 52.08%.

Insiders Place Their Bets

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

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.