Bruni J V & Co. Co. Sells 587 Shares of Intel Co. (NASDAQ:INTC)

Bruni J V & Co. Co. cut its holdings in Intel Co. (NASDAQ:INTC) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 662,353 shares of the chip maker’s stock after selling 587 shares during the period. Intel accounts for about 4.1% of Bruni J V & Co. Co.’s portfolio, making the stock its 8th largest holding. Bruni J V & Co. Co.’s holdings in Intel were worth $33,283,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of INTC. Opinicus Capital Inc. purchased a new position in Intel during the 4th quarter valued at about $1,141,000. Russell Investments Group Ltd. boosted its stake in shares of Intel by 17.4% in the fourth quarter. Russell Investments Group Ltd. now owns 3,502,216 shares of the chip maker’s stock valued at $176,042,000 after purchasing an additional 520,263 shares during the period. Private Wealth Partners LLC grew its holdings in shares of Intel by 1.0% in the fourth quarter. Private Wealth Partners LLC now owns 39,370 shares of the chip maker’s stock valued at $1,978,000 after purchasing an additional 400 shares in the last quarter. Valmark Advisers Inc. increased its stake in Intel by 24.4% during the 4th quarter. Valmark Advisers Inc. now owns 12,288 shares of the chip maker’s stock worth $617,000 after buying an additional 2,414 shares during the period. Finally, Addison Advisors LLC boosted its position in Intel by 92.3% in the 4th quarter. Addison Advisors LLC now owns 4,576 shares of the chip maker’s stock valued at $230,000 after buying an additional 2,196 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger acquired 3,000 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were bought at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the acquisition, the chief executive officer now directly owns 28,475 shares in the company, valued at approximately $1,234,676. The purchase was disclosed in a filing with the SEC, which is available through this link. In other Intel news, CEO Patrick P. Gelsinger acquired 3,000 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was bought at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the purchase, the chief executive officer now directly owns 28,475 shares in the company, valued at $1,234,676. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick P. Gelsinger purchased 2,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the transaction, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Intel Trading Down 9.2 %

NASDAQ INTC traded down $3.23 during trading hours on Friday, hitting $31.88. 119,742,494 shares of the company’s stock were exchanged, compared to its average volume of 50,613,192. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28. The business’s 50 day moving average is $40.88 and its 200-day moving average is $42.27. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The firm has a market capitalization of $134.79 billion, a P/E ratio of 33.21, a price-to-earnings-growth ratio of 2.89 and a beta of 1.00.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. The firm had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. Intel had a net margin of 7.36% and a return on equity of 2.22%. Intel’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.10 earnings per share. As a group, analysts anticipate that Intel Co. will post 0.6 EPS for the current fiscal year.

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.57%. Intel’s payout ratio is 52.08%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on INTC. Evercore ISI reduced their price objective on Intel from $40.00 to $36.00 and set an “in-line” rating on the stock in a research note on Friday. HSBC cut their price target on Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Morgan Stanley cut their target price on Intel from $48.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Friday. Stifel Nicolaus restated a “hold” rating and set a $45.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. dropped their price target on Intel from $37.00 to $35.00 and set an “underweight” rating on the stock in a research note on Friday. Four equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $39.75.

About Intel

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.