Cascade Investment Advisors Inc. Cuts Stock Holdings in Intel Co. (NASDAQ:INTC)

Cascade Investment Advisors Inc. reduced its stake in shares of Intel Co. (NASDAQ:INTCFree Report) by 24.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,035 shares of the chip maker’s stock after selling 2,000 shares during the period. Cascade Investment Advisors Inc.’s holdings in Intel were worth $267,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Summit Financial LLC boosted its holdings in shares of Intel by 14.6% during the 1st quarter. Summit Financial LLC now owns 62,378 shares of the chip maker’s stock worth $2,755,000 after purchasing an additional 7,932 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Intel by 4.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 643,720 shares of the chip maker’s stock worth $28,433,000 after purchasing an additional 27,727 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of Intel by 17.6% during the 1st quarter. Private Trust Co. NA now owns 38,316 shares of the chip maker’s stock worth $1,692,000 after purchasing an additional 5,737 shares during the last quarter. Krilogy Financial LLC acquired a new position in shares of Intel during the 1st quarter worth approximately $459,000. Finally, Beddow Capital Management Inc. boosted its holdings in shares of Intel by 0.5% during the 1st quarter. Beddow Capital Management Inc. now owns 137,910 shares of the chip maker’s stock worth $6,091,000 after purchasing an additional 670 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger acquired 4,100 shares of the firm’s stock in a transaction on 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 purchase, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Patrick P. Gelsinger acquired 4,100 shares of the firm’s stock in a transaction on 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 purchase, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Patrick P. Gelsinger bought 4,000 shares of the firm’s 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 purchase, the chief executive officer now directly 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. 0.04% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of recent analyst reports. Barclays decreased their price objective on Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. UBS Group upped their price objective on Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Bank of America decreased their price objective on Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. Susquehanna decreased their price objective on Intel from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, April 26th. Finally, Mizuho decreased their price objective on Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $39.58.

Check Out Our Latest Analysis on Intel

Intel Stock Down 4.3 %

NASDAQ:INTC traded down $1.34 during trading hours on Thursday, hitting $30.08. The company’s stock had a trading volume of 61,958,236 shares, compared to its average volume of 48,107,219. The stock has a market capitalization of $128.05 billion, a P/E ratio of 31.33, a price-to-earnings-growth ratio of 15.25 and a beta of 1.09. The stock has a fifty day moving average of $35.99 and a 200-day moving average of $41.58. 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 Co. has a 52-week low of $26.85 and a 52-week high of $51.28.

Intel (NASDAQ:INTCGet Free Report) last posted its 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 net margin of 7.36% and a return on equity of 2.19%. The business had revenue of $12.72 billion during the quarter, compared to analysts’ expectations of $12.76 billion. On average, equities analysts forecast that Intel Co. will post 0.09 earnings per share for the current year.

Intel Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.66%. Intel’s dividend payout ratio is presently 52.08%.

Intel Company Profile

(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.

See Also

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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