Stokes Family Office LLC Sells 3,463 Shares of Intel Co. (NASDAQ:INTC)

Stokes Family Office LLC decreased its stake in Intel Co. (NASDAQ:INTC) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,552 shares of the chip maker’s stock after selling 3,463 shares during the period. Stokes Family Office LLC’s holdings in Intel were worth $2,992,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bordeaux Wealth Advisors LLC raised its holdings in shares of Intel by 16.6% during the 4th quarter. Bordeaux Wealth Advisors LLC now owns 14,927 shares of the chip maker’s stock valued at $750,000 after buying an additional 2,123 shares in the last quarter. Bare Financial Services Inc bought a new position in Intel during the fourth quarter valued at approximately $39,000. Loudon Investment Management LLC raised its stake in shares of Intel by 3.7% during the fourth quarter. Loudon Investment Management LLC now owns 64,552 shares of the chip maker’s stock worth $3,244,000 after acquiring an additional 2,304 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Intel by 29.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 36,993 shares of the chip maker’s stock worth $1,859,000 after acquiring an additional 8,470 shares during the last quarter. Finally, Intelligence Driven Advisers LLC purchased a new stake in shares of Intel in the 4th quarter valued at $422,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Activity

In other news, CEO Patrick P. Gelsinger purchased 4,000 shares of the business’s stock in a transaction dated 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 completion of the acquisition, the chief executive officer now directly owns 35,275 shares in the company, valued at approximately $1,108,340.50. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Intel news, CEO Patrick P. Gelsinger acquired 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were bought at an average cost of $31.42 per share, with a total value of $125,680.00. Following the completion of the transaction, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Patrick P. Gelsinger acquired 4,100 shares of Intel stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average price of $30.29 per share, with a total value of $124,189.00. Following the completion of the acquisition, the chief executive officer now directly owns 39,375 shares in the company, valued at approximately $1,192,668.75. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

Intel Stock Up 1.3 %

Shares of INTC traded up $0.39 during mid-day trading on Friday, reaching $30.90. The company had a trading volume of 36,731,368 shares, compared to its average volume of 48,594,387. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The company has a market capitalization of $131.54 billion, a price-to-earnings ratio of 32.19, a price-to-earnings-growth ratio of 9.88 and a beta of 1.09. The firm has a 50-day moving average price of $39.84 and a 200 day moving average price of $42.06. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be paid a $0.125 dividend. The ex-dividend date is Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.62%. Intel’s dividend payout ratio is currently 52.08%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Benchmark reissued a “buy” rating and issued a $62.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Wells Fargo & Company dropped their target price on Intel from $43.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. The Goldman Sachs Group decreased their price target on Intel from $39.00 to $34.00 and set a “sell” rating on the stock in a research note on Friday, April 26th. Barclays lowered their price target on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, April 26th. Four research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Intel has an average rating of “Hold” and a consensus target price 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.