Intel Co. (NASDAQ:INTC) Shares Sold by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 12.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,776 shares of the chip maker’s stock after selling 1,211 shares during the period. Resonant Capital Advisors LLC’s holdings in Intel were worth $441,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. New Millennium Group LLC raised its holdings in shares of Intel by 87.2% during the fourth 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 period. Valued Wealth Advisors LLC acquired a new stake in shares of Intel in the 4th quarter worth about $36,000. Cornerstone Planning Group LLC acquired a new stake in shares of Intel in the 2nd quarter worth about $25,000. Lumature Wealth Partners LLC increased its holdings in shares of Intel by 146.7% in the 1st quarter. Lumature Wealth Partners LLC now owns 824 shares of the chip maker’s stock worth $41,000 after acquiring an additional 490 shares during the period. Finally, Legacy Financial Group LLC acquired a new stake in shares of Intel in the 3rd quarter worth about $30,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Performance

Intel stock opened at $34.20 on Friday. The firm’s 50 day simple moving average is $41.85 and its 200-day simple moving average is $42.29. Intel Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28. The company has a market cap of $144.60 billion, a P/E ratio of 87.69, a price-to-earnings-growth ratio of 3.15 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The firm had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same period in the previous year, the firm posted $0.10 earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. As a group, equities research analysts predict that Intel Co. will post 0.61 EPS for the current year.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Tuesday, February 6th. Intel’s payout ratio is presently 128.21%.

Analyst Ratings Changes

A number of analysts recently weighed in on INTC shares. Bank of America dropped their price objective on shares of Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. Raymond James dropped their price objective on shares of Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. Truist Financial reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Intel in a report on Wednesday, April 3rd. HSBC lowered their target price on shares of Intel from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Friday, January 26th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, January 26th. Four research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $42.62.

Insider Activity at Intel

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

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.