Intel Co. (NASDAQ:INTC) Shares Sold by Delaney Dennis R

Delaney Dennis R reduced its stake in Intel Co. (NASDAQ:INTC) by 43.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 5,890 shares of the chip maker’s stock after selling 4,500 shares during the period. Delaney Dennis R’s holdings in Intel were worth $260,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. New Millennium Group LLC grew its holdings 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 buying an additional 231 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in Intel in the 4th quarter valued at $27,000. Burkett Financial Services LLC purchased a new stake in Intel in the 4th quarter valued at $27,000. Tributary Capital Management LLC purchased a new stake in Intel in the 1st quarter valued at $27,000. Finally, Raleigh Capital Management Inc. grew its holdings in Intel by 62.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after buying an additional 362 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Intel

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on INTC shares. Wells Fargo & Company lowered their price target on Intel from $43.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Wolfe Research upgraded Intel from an “underperform” rating to a “peer perform” rating in a report on Thursday, May 16th. Benchmark reiterated a “buy” rating and set a $62.00 price target on shares of Intel in a report on Wednesday, April 3rd. Truist Financial lowered their price target on Intel from $45.00 to $33.00 and set a “hold” rating for the company in a report on Friday, April 26th. Finally, Rosenblatt Securities reiterated a “sell” rating and set a $17.00 price target on shares of Intel in a report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Intel has an average rating of “Hold” and a consensus target price of $39.58.

Intel Stock Down 3.9 %

INTC stock traded down $1.37 during mid-day trading on Thursday, reaching $33.50. The company had a trading volume of 55,083,593 shares, compared to its average volume of 47,225,066. 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 fifty-two week low of $29.73 and a fifty-two week high of $51.28. The company has a market capitalization of $142.61 billion, a price-to-earnings ratio of 34.90, a price-to-earnings-growth ratio of 16.20 and a beta of 1.05. The firm has a fifty day simple moving average of $31.09 and a 200 day simple moving average of $38.69.

Intel (NASDAQ:INTC) last issued its earnings results 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). Intel had a return on equity of 2.19% and a net margin of 7.36%. The business had revenue of $12.72 billion for the quarter, compared to analyst estimates of $12.76 billion. Analysts forecast that Intel Co. will post 0.09 earnings per share for the current fiscal year.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

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.