Montis Financial LLC Has $345,000 Position in Intel Co. (NASDAQ:INTC)

Montis Financial LLC lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 25.9% during the 4th quarter, HoldingsChannel reports. The firm owned 6,866 shares of the chip maker’s stock after selling 2,400 shares during the quarter. Montis Financial LLC’s holdings in Intel were worth $345,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. New Millennium Group LLC lifted its stake in shares of Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after buying an additional 231 shares during the period. Valued Wealth Advisors LLC bought a new position in Intel during the fourth quarter valued at about $36,000. Legacy Financial Group LLC acquired a new position in Intel in the 3rd quarter valued at approximately $30,000. Raleigh Capital Management Inc. lifted its position in shares of Intel by 62.8% in the 3rd 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 period. Finally, Financial Connections Group Inc. acquired a new stake in shares of Intel during the 4th quarter worth approximately $52,000. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

Shares of INTC traded up $0.14 during mid-day trading on Thursday, hitting $30.51. 48,221,621 shares of the company traded hands, compared to its average volume of 48,702,656. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average of $40.09 and a 200 day moving average of $42.14. Intel Co. has a one year low of $26.85 and a one year high of $51.28. The stock has a market capitalization of $129.88 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 8.39 and a beta of 1.09.

Intel Dividend Announcement

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 given a $0.125 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.64%. Intel’s payout ratio is 52.08%.

Insider Activity

In other Intel news, CEO Patrick P. Gelsinger bought 4,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were bought at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the transaction, the chief executive officer now owns 35,275 shares in the company, valued at approximately $1,108,340.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Citigroup cut their target price on Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Cantor Fitzgerald restated a “neutral” rating and issued a $50.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. HSBC decreased their target price on shares of Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a research report on Tuesday, April 23rd. TD Cowen cut their price target on shares of Intel from $42.00 to $35.00 and set a “hold” rating for the company in a research note on Friday, April 26th. Finally, Wedbush decreased their price objective on Intel from $40.00 to $32.50 and set a “neutral” rating on the stock 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 company. Based on data from MarketBeat, Intel currently has an average rating of “Hold” and an average price target of $39.75.

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.