Intel Co. (NASDAQ:INTC) Shares Sold by Altrius Capital Management Inc

Altrius Capital Management Inc cut its holdings in shares of Intel Co. (NASDAQ:INTC) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 115,727 shares of the chip maker’s stock after selling 3,752 shares during the period. Intel comprises about 1.6% of Altrius Capital Management Inc’s investment portfolio, making the stock its 26th biggest holding. Altrius Capital Management Inc’s holdings in Intel were worth $5,815,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. New Millennium Group LLC increased its holdings in Intel by 87.2% in the fourth 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 during the last quarter. Legacy Financial Group LLC bought a new stake in shares of Intel in the 3rd quarter valued at approximately $30,000. Raleigh Capital Management Inc. raised its position in shares of Intel by 62.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after acquiring an additional 362 shares in the last quarter. Valued Wealth Advisors LLC acquired a new position in Intel in the fourth quarter worth $36,000. Finally, Briaud Financial Planning Inc bought a new stake in Intel during the third quarter valued at $40,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Activity

In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the transaction, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.04% of the stock is currently owned by corporate insiders.

Intel Stock Performance

NASDAQ:INTC traded down $0.52 during trading hours on Monday, hitting $31.36. 58,000,637 shares of the company traded hands, compared to its average volume of 48,267,934. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $132.59 billion, a price-to-earnings ratio of 32.66, a P/E/G ratio of 2.89 and a beta of 1.00. The firm has a 50-day moving average of $40.88 and a 200 day moving average of $42.30. Intel Co. has a twelve month low of $26.85 and a twelve month high of $51.28.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.27 by $0.27. The firm had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 EPS. On average, analysts forecast that Intel Co. will post 0.6 EPS for the current year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be given a dividend of $0.125 per share. The ex-dividend date is Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.59%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on INTC shares. Roth Mkm dropped their target price on Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday. Rosenblatt Securities restated a “sell” rating and issued a $17.00 price target on shares of Intel in a research report on Friday. Susquehanna cut their price objective on Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday. Benchmark restated a “buy” rating and issued a $62.00 target price on shares of Intel in a report on Wednesday, April 3rd. Finally, Mizuho reduced their target price on Intel from $55.00 to $45.00 and set a “buy” rating for the company in a report on Friday. Four research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $39.75.

Intel Company 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.