Sage Rhino Capital LLC Has $256,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

Sage Rhino Capital LLC reduced its holdings in shares of Intel Co. (NASDAQ:INTC) by 40.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,091 shares of the chip maker’s stock after selling 3,525 shares during the quarter. Sage Rhino Capital LLC’s holdings in Intel were worth $256,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. New Millennium Group LLC increased its holdings in Intel by 87.2% during the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after purchasing an additional 231 shares in the last quarter. Legacy Financial Group LLC bought a new stake in Intel during the third quarter worth $30,000. Raleigh Capital Management Inc. raised its position 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 during the last quarter. Valued Wealth Advisors LLC bought a new position in Intel during the 4th quarter valued at $36,000. Finally, Briaud Financial Planning Inc purchased a new position in Intel during the 3rd quarter worth $40,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Intel

In other Intel news, CEO Patrick P. Gelsinger acquired 2,800 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was bought at an average price of $42.74 per share, with a total value of $119,672.00. Following the purchase, the chief executive officer now owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.04% of the stock is currently owned by insiders.

Intel Price Performance

NASDAQ:INTC traded down $0.89 during midday trading on Tuesday, hitting $30.47. The company had a trading volume of 72,176,616 shares, compared to its average volume of 48,540,945. The company has a market capitalization of $128.83 billion, a PE ratio of 31.74, a P/E/G ratio of 2.89 and a beta of 1.00. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. Intel Co. has a 52-week low of $26.85 and a 52-week high of $51.28. The stock’s fifty day moving average price is $40.35 and its 200-day moving average price is $42.23.

Intel Dividend Announcement

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 given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.64%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on INTC shares. Morgan Stanley cut their price target on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating on the stock in a report on Friday. Barclays cut their target price on Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday. Bank of America decreased their price target on Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. JPMorgan Chase & Co. cut their price objective on Intel from $37.00 to $35.00 and set an “underweight” rating on the stock in a research report on Friday. Finally, Wells Fargo & Company reduced their price objective on Intel from $43.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday. Four analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.