Intel Co. (NASDAQ:INTC) Shares Sold by Altshuler Shaham Ltd

Altshuler Shaham Ltd trimmed its holdings in Intel Co. (NASDAQ:INTC) by 97.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 58,653 shares of the chip maker’s stock after selling 2,412,516 shares during the period. Intel makes up 0.2% of Altshuler Shaham Ltd’s portfolio, making the stock its 17th biggest holding. Altshuler Shaham Ltd’s holdings in Intel were worth $2,947,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of INTC. Vanguard Group Inc. increased its position in shares of Intel by 0.4% in the third quarter. Vanguard Group Inc. now owns 381,109,738 shares of the chip maker’s stock worth $13,548,451,000 after acquiring an additional 1,624,453 shares in the last quarter. Primecap Management Co. CA raised its position in Intel by 6.0% in the third quarter. Primecap Management Co. CA now owns 74,762,291 shares of the chip maker’s stock valued at $2,657,799,000 after purchasing an additional 4,226,790 shares during the period. Northern Trust Corp boosted its position in shares of Intel by 3.7% in the third quarter. Northern Trust Corp now owns 46,003,776 shares of the chip maker’s stock worth $1,635,434,000 after buying an additional 1,626,127 shares during the period. Invesco Ltd. grew its stake in shares of Intel by 13.4% in the third quarter. Invesco Ltd. now owns 35,788,068 shares of the chip maker’s stock valued at $1,272,266,000 after buying an additional 4,222,381 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Intel by 17.8% during the 3rd quarter. Wellington Management Group LLP now owns 34,564,037 shares of the chip maker’s stock valued at $1,228,752,000 after buying an additional 5,217,549 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

INTC has been the topic of several analyst reports. Roth Mkm dropped their price objective on Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, April 26th. Cantor Fitzgerald restated a “neutral” rating and issued a $50.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Truist Financial cut their price target on Intel from $45.00 to $33.00 and set a “hold” rating on the stock in a report on Friday, April 26th. Wells Fargo & Company lowered their target price on Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Finally, HSBC reduced their price target on Intel from $44.00 to $37.00 and set a “hold” rating for the company in a research report on Tuesday, April 23rd. Four research 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 company. According to data from MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus price target of $39.62.

Insider Buying and Selling at Intel

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

Intel Trading Up 0.3 %

NASDAQ INTC traded up $0.09 during trading hours on Thursday, hitting $30.09. The company’s stock had a trading volume of 44,969,696 shares, compared to its average volume of 48,537,344. The stock has a fifty day moving average of $38.62 and a 200 day moving average of $41.88. The firm has a market capitalization of $128.09 billion, a P/E ratio of 31.34, a PEG ratio of 10.05 and a beta of 1.09. Intel Co. has a twelve month low of $26.85 and a twelve month high of $51.28. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s 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.