Intel Co. (NASDAQ:INTC) Stake Trimmed by Trinity Financial Advisors LLC

Trinity Financial Advisors LLC lowered its stake in Intel Co. (NASDAQ:INTC) by 16.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,042 shares of the chip maker’s stock after selling 2,538 shares during the quarter. Trinity Financial Advisors LLC’s holdings in Intel were worth $655,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of INTC. Barrett & Company Inc. boosted its stake in shares of Intel by 6.1% during the 4th quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock worth $184,000 after acquiring an additional 210 shares during the period. Revolve Wealth Partners LLC lifted its holdings in Intel by 3.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock worth $372,000 after purchasing an additional 216 shares during the last quarter. New Millennium Group LLC lifted 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 during the last quarter. Waldron Private Wealth LLC lifted its holdings in Intel by 0.6% during the 4th quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock worth $2,063,000 after purchasing an additional 232 shares during the last quarter. Finally, Spreng Capital Management Inc. raised its holdings in Intel by 1.3% in the 4th quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock valued at $987,000 after acquiring an additional 246 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Sanford C. Bernstein dropped their price objective on Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a report on Friday, April 26th. 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. TD Cowen lowered their price target on Intel from $42.00 to $35.00 and set a “hold” rating for the company in a report on Friday, April 26th. HSBC lowered their price target on Intel from $44.00 to $37.00 and set a “hold” rating for the company in a report on Tuesday, April 23rd. Finally, 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. Four investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $39.75.

Insider Activity

In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of Intel stock in a transaction dated Thursday, February 1st. The stock was bought at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the transaction, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.04% of the stock is owned by company insiders.

Intel Stock Performance

Shares of NASDAQ INTC traded up $0.11 during mid-day trading on Wednesday, hitting $30.58. The company had a trading volume of 40,940,179 shares, compared to its average volume of 48,435,605. The company has a market capitalization of $130.18 billion, a price-to-earnings ratio of 31.40, a P/E/G ratio of 3.31 and a beta of 1.00. Intel Co. has a 1 year low of $26.85 and a 1 year high of $51.28. 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’s 50-day moving average price is $40.35 and its 200-day moving average price is $42.23.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

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.