Sage Rhino Capital LLC Trims Stake in Intel Co. (NASDAQ:INTC)

Sage Rhino Capital LLC cut its stake in shares of Intel Co. (NASDAQ:INTC) by 40.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,091 shares of the chip maker’s stock after selling 3,525 shares during the quarter. Sage Rhino Capital LLC’s holdings in Intel were worth $256,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Sheets Smith Wealth Management purchased a new stake in shares of Intel in the third quarter worth $203,000. Defender Capital LLC. increased its stake in Intel by 13.0% in the 3rd quarter. Defender Capital LLC. now owns 92,315 shares of the chip maker’s stock worth $3,282,000 after buying an additional 10,600 shares in the last quarter. Hoertkorn Richard Charles raised its holdings in Intel by 9.5% during the third quarter. Hoertkorn Richard Charles now owns 95,857 shares of the chip maker’s stock valued at $3,408,000 after acquiring an additional 8,300 shares during the period. Accurate Wealth Management LLC lifted its position in shares of Intel by 19.1% in the third quarter. Accurate Wealth Management LLC now owns 7,331 shares of the chip maker’s stock valued at $264,000 after acquiring an additional 1,176 shares in the last quarter. Finally, Sebold Capital Management Inc. boosted its stake in shares of Intel by 4.7% in the third quarter. Sebold Capital Management Inc. now owns 11,424 shares of the chip maker’s stock worth $406,000 after acquiring an additional 518 shares during the period. Institutional investors own 64.53% of the company’s stock.

Intel Trading Down 2.8 %

INTC stock traded down $0.89 during mid-day trading on Tuesday, reaching $30.47. The company had a trading volume of 72,176,616 shares, compared to its average volume of 48,540,945. The company has a market capitalization of $128.83 billion, a PE ratio of 31.74, a price-to-earnings-growth ratio of 2.89 and a beta of 1.00. The firm has a 50 day moving average of $40.35 and a 200 day moving average of $42.23. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14.

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.64%. Intel’s payout ratio is currently 52.08%.

Wall Street Analyst Weigh In

Several research firms have weighed in on INTC. JPMorgan Chase & Co. dropped their price target on Intel from $37.00 to $35.00 and set an “underweight” rating for the company in a research note on Friday. Sanford C. Bernstein cut their target price on shares of Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a research note on Friday. Barclays decreased their price target on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday. Evercore ISI cut their price objective on Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a research report on Friday. Finally, The Goldman Sachs Group decreased their target price on Intel from $39.00 to $34.00 and set a “sell” rating on the stock in a research report on Friday. Four equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average target price of $39.75.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger acquired 2,800 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was bought at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the purchase, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

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.