Intel Co. (NASDAQ:INTC) Shares Sold by Cwm LLC

Cwm LLC cut its position in Intel Co. (NASDAQ:INTC) by 6.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 936,934 shares of the chip maker’s stock after selling 61,983 shares during the period. Cwm LLC’s holdings in Intel were worth $41,384,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of INTC. Barrett & Company Inc. increased its stake in Intel by 6.1% in the 4th quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock valued at $184,000 after purchasing an additional 210 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in Intel by 3.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock valued at $372,000 after purchasing an additional 216 shares in the last quarter. New Millennium Group LLC increased its stake in Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares in the last quarter. Waldron Private Wealth LLC increased its stake in Intel by 0.6% in the 4th quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock valued at $2,063,000 after purchasing an additional 232 shares in the last quarter. Finally, Spreng Capital Management Inc. increased its stake in Intel by 1.3% in the 4th quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock valued at $987,000 after purchasing an additional 246 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Down 1.1 %

Shares of NASDAQ INTC traded down $0.35 during midday trading on Wednesday, reaching $30.63. 33,294,749 shares of the company’s stock were exchanged, compared to its average volume of 39,863,564. Intel Co. has a 52-week low of $29.73 and a 52-week high of $51.28. The stock has a market capitalization of $130.39 billion, a PE ratio of 31.91, a price-to-earnings-growth ratio of 14.77 and a beta of 1.06. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The business’s fifty day moving average price is $31.93 and its two-hundred day moving average price is $40.15.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, April 25th. The chip maker reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The firm had revenue of $12.72 billion during the quarter, compared to the consensus estimate of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%. Analysts forecast that Intel Co. will post 0.09 EPS for the current year.

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s dividend payout ratio is currently 52.08%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, April 26th. StockNews.com raised Intel from a “sell” rating to a “hold” rating in a research report on Tuesday. UBS Group raised their price target on Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Truist Financial dropped their price target on Intel from $45.00 to $33.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Finally, The Goldman Sachs Group dropped their price target on Intel from $34.00 to $30.00 and set a “sell” rating for the company in a research report on Thursday, May 9th. Three research 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $39.58.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger bought 4,000 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was bought at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the purchase, the chief executive officer now directly owns 35,275 shares in the company, valued at approximately $1,108,340.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Patrick P. Gelsinger bought 4,100 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was bought at an average cost 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 in the company, valued at approximately $1,192,668.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger acquired 4,000 shares of Intel 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 completion of the transaction, the chief executive officer now 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 owned by corporate insiders.

Intel 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.