Altshuler Shaham Ltd Has $2.95 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Altshuler Shaham Ltd lessened its stake in Intel Co. (NASDAQ:INTC) by 97.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 58,653 shares of the chip maker’s stock after selling 2,412,516 shares during the period. Intel comprises about 0.2% of Altshuler Shaham Ltd’s portfolio, making the stock its 17th biggest position. Altshuler Shaham Ltd’s holdings in Intel were worth $2,947,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New Millennium Group LLC increased its holdings in Intel by 87.2% during the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after purchasing an additional 231 shares in the last quarter. Valued Wealth Advisors LLC bought a new position in shares of Intel during the 4th quarter worth approximately $36,000. Signature Resources Capital Management LLC bought a new position in shares of Intel in the fourth quarter valued at approximately $37,000. Bare Financial Services Inc bought a new stake in shares of Intel during the 4th quarter worth $39,000. Finally, Raleigh Capital Management Inc. boosted its holdings 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 buying an additional 362 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Price Performance

Shares of INTC traded up $0.09 during trading hours on Thursday, reaching $30.09. 44,969,696 shares of the stock traded hands, compared to its average volume of 48,537,344. The company’s 50-day moving average price is $38.62 and its two-hundred day moving average price is $41.88. The company has a market cap of $128.09 billion, a P/E ratio of 31.34, a price-to-earnings-growth ratio of 10.05 and a beta of 1.09. Intel Co. has a 52-week low of $26.85 and a 52-week high of $51.28. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s payout ratio is 52.08%.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of research analyst reports. Truist Financial dropped their target price on shares of Intel from $45.00 to $33.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. Rosenblatt Securities restated a “sell” rating and set a $17.00 price target on shares of Intel in a research note on Friday, April 26th. UBS Group raised their price target on Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Raymond James reduced their price target on Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Finally, Benchmark reiterated a “buy” rating and set a $62.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Four investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $39.62.

Insider Activity

In other news, CEO Patrick P. Gelsinger acquired 4,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was bought at an average cost of $31.42 per share, with a total value 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Patrick P. Gelsinger bought 4,100 shares of Intel stock in a transaction dated Wednesday, May 1st. The shares were acquired at an average cost of $30.29 per share, with a total value of $124,189.00. Following the completion of the transaction, the chief executive officer now owns 39,375 shares in the company, valued at approximately $1,192,668.75. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Patrick P. Gelsinger bought 4,000 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were purchased at an average cost of $31.42 per share, with a total value of $125,680.00. Following the completion of 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. Corporate insiders own 0.04% of the company’s stock.

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.