Range Financial Group LLC Has $741,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

Range Financial Group LLC cut its holdings in Intel Co. (NASDAQ:INTC) by 46.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 16,786 shares of the chip maker’s stock after selling 14,302 shares during the quarter. Range Financial Group LLC’s holdings in Intel were worth $741,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Intel during the 4th quarter worth approximately $2,424,202,000. Price T Rowe Associates Inc. MD boosted its position in Intel by 543.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,384,507 shares of the chip maker’s stock worth $1,878,572,000 after acquiring an additional 31,575,084 shares during the last quarter. California Public Employees Retirement System boosted its position in Intel by 102.6% during the 4th quarter. California Public Employees Retirement System now owns 16,074,760 shares of the chip maker’s stock worth $807,757,000 after acquiring an additional 8,140,835 shares during the last quarter. Wellington Management Group LLP boosted its position in Intel by 17.8% during the 3rd quarter. Wellington Management Group LLP now owns 34,564,037 shares of the chip maker’s stock worth $1,228,752,000 after acquiring an additional 5,217,549 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt acquired a new position in Intel during the 4th quarter worth approximately $251,250,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Patrick P. Gelsinger acquired 4,000 shares of the stock in a transaction on Monday, April 29th. The stock was acquired at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the purchase, the chief executive officer now owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger purchased 4,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was purchased at an average price 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 of the company’s stock, valued at $1,108,340.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 4,100 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was acquired at an average price of $30.29 per share, with a total value of $124,189.00. Following the purchase, 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. 0.04% of the stock is currently owned by company insiders.

Intel Trading Down 1.7 %

INTC traded down $0.52 on Monday, hitting $30.57. 40,116,328 shares of the company were exchanged, compared to its average volume of 47,301,637. The firm has a fifty day simple moving average of $31.57 and a two-hundred day simple moving average of $39.91. 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 Co. has a 12 month low of $29.73 and a 12 month high of $51.28. The stock has a market capitalization of $130.14 billion, a PE ratio of 32.13, a price-to-earnings-growth ratio of 14.60 and a beta of 1.06.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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 business had revenue of $12.72 billion during the quarter, compared to the consensus estimate of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. Sell-side analysts expect that Intel Co. will post 0.09 earnings per share for the current year.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Monday, May 6th. Intel’s payout ratio is presently 52.08%.

Analyst Ratings Changes

A number of research firms recently weighed in on INTC. Rosenblatt Securities restated a “sell” rating and issued a $17.00 price target on shares of Intel in a research note on Friday, April 26th. StockNews.com upgraded Intel from a “sell” rating to a “hold” rating in a research note on Tuesday, June 18th. Roth Mkm dropped their price target on Intel from $45.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $50.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Finally, Susquehanna dropped their price target on Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. Three investment 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 data from MarketBeat.com, Intel currently has an average rating of “Hold” and a consensus target price of $39.58.

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.