Intel Co. (NASDAQ:INTC) Shares Sold by Cascade Investment Advisors Inc.

Cascade Investment Advisors Inc. decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 24.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,035 shares of the chip maker’s stock after selling 2,000 shares during the quarter. Cascade Investment Advisors Inc.’s holdings in Intel were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New Millennium Group LLC increased its stake 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 buying an additional 231 shares during the period. Frazier Financial Advisors LLC bought a new stake in shares of Intel in the 4th quarter worth about $27,000. Burkett Financial Services LLC bought a new stake in shares of Intel in the 4th quarter worth about $27,000. Tributary Capital Management LLC bought a new stake in shares of Intel in the 1st quarter worth about $27,000. Finally, Raleigh Capital Management Inc. increased 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 purchasing an additional 362 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Activity at Intel

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

Intel Price Performance

Shares of NASDAQ:INTC traded down $1.34 during trading on Thursday, reaching $30.08. The company had a trading volume of 61,958,236 shares, compared to its average volume of 48,107,219. The firm’s fifty day moving average is $35.99 and its 200 day moving average is $41.58. The firm has a market capitalization of $128.05 billion, a PE ratio of 31.33, a price-to-earnings-growth ratio of 15.25 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 debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The company had revenue of $12.72 billion during the quarter, compared to analyst estimates of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. On average, equities analysts forecast that Intel Co. will post 0.09 EPS for the current year.

Intel Announces Dividend

The firm also recently announced 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 dividend payout ratio is presently 52.08%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on INTC shares. Roth Mkm dropped their target price on shares of Intel from $45.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. Susquehanna dropped their target price on shares of Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. Wolfe Research raised shares of Intel from an “underperform” rating to a “peer perform” rating in a research report on Thursday, May 16th. Wells Fargo & Company lowered their price objective on shares of Intel from $43.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, April 26th. Three analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Intel presently has a consensus rating of “Hold” and an average target price of $39.58.

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.