Intel Co. (NASDAQ:INTC) Shares Sold by Future Financial Wealth Managment LLC

Future Financial Wealth Managment LLC cut its stake in shares of Intel Co. (NASDAQ:INTC) by 10.0% in the first quarter, Holdings Channel.com reports. The fund owned 12,250 shares of the chip maker’s stock after selling 1,354 shares during the period. Future Financial Wealth Managment LLC’s holdings in Intel were worth $541,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Brookstone Capital Management grew its holdings in shares of Intel by 65.2% in the first quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock valued at $3,052,000 after purchasing an additional 27,274 shares in the last quarter. RMR Wealth Builders grew its holdings in shares of Intel by 1.9% in the first quarter. RMR Wealth Builders now owns 26,589 shares of the chip maker’s stock valued at $1,174,000 after purchasing an additional 493 shares in the last quarter. Altus Wealth Management LLC acquired a new position in shares of Intel in the first quarter valued at approximately $247,000. Hoxton Planning & Management LLC grew its holdings in shares of Intel by 12.6% in the first quarter. Hoxton Planning & Management LLC now owns 7,110 shares of the chip maker’s stock valued at $314,000 after purchasing an additional 798 shares in the last quarter. Finally, Community Bank of Raymore acquired a new position in shares of Intel in the first quarter valued at approximately $221,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Performance

INTC traded up $0.17 during trading on Tuesday, hitting $30.74. The stock had a trading volume of 29,467,346 shares, compared to its average volume of 47,158,082. 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 firm has a market capitalization of $130.86 billion, a P/E ratio of 32.02, a PEG ratio of 14.82 and a beta of 1.06. The company’s 50-day moving average price is $31.34 and its 200 day moving average price is $39.75. Intel Co. has a twelve month low of $29.73 and a twelve month high of $51.28.

Intel (NASDAQ:INTC) last posted 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). Intel had a return on equity of 2.19% and a net margin of 7.36%. The company had revenue of $12.72 billion for the quarter, compared to analyst estimates of $12.76 billion. On average, equities research analysts forecast that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.63%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger purchased 4,100 shares of the 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 purchase, the chief executive officer now directly owns 39,375 shares in the company, valued at approximately $1,192,668.75. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Intel news, CEO Patrick P. Gelsinger bought 4,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was purchased at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the acquisition, the chief executive officer now owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick P. Gelsinger bought 4,100 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were acquired at an average price of $30.29 per share, with a total value of $124,189.00. Following the completion of the acquisition, the chief executive officer now directly owns 39,375 shares in the company, valued at approximately $1,192,668.75. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Citigroup dropped their price objective on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a report on Monday, April 15th. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 price target on shares of Intel in a research note on Wednesday, April 3rd. HSBC decreased their price target on shares of Intel from $44.00 to $37.00 and set a “hold” rating for the company in a research note on Tuesday, April 23rd. Benchmark reiterated a “buy” rating and issued a $62.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Finally, Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 price target on shares of Intel in a research note on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock 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.