Alpha Family Trust Sells 6,410 Shares of Intel Co. (NASDAQ:INTC)

Alpha Family Trust reduced its position in Intel Co. (NASDAQ:INTC) by 24.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,765 shares of the chip maker’s stock after selling 6,410 shares during the quarter. Alpha Family Trust’s holdings in Intel were worth $612,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in INTC. DDFG Inc bought a new stake in shares of Intel in the fourth quarter valued at about $205,000. Gryphon Financial Partners LLC raised its holdings in shares of Intel by 8.2% in the fourth quarter. Gryphon Financial Partners LLC now owns 21,024 shares of the chip maker’s stock valued at $1,060,000 after acquiring an additional 1,601 shares in the last quarter. Brown Advisory Inc. raised its holdings in Intel by 3.0% in the fourth quarter. Brown Advisory Inc. now owns 534,068 shares of the chip maker’s stock worth $26,837,000 after purchasing an additional 15,796 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Intel in the fourth quarter worth about $501,000. Finally, Hillsdale Investment Management Inc. raised its holdings in Intel by 110.8% in the fourth quarter. Hillsdale Investment Management Inc. now owns 5,250 shares of the chip maker’s stock worth $264,000 after purchasing an additional 2,760 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger acquired 12,500 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were bought at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the acquisition, the chief executive officer now owns 37,975 shares of the company’s stock, valued at approximately $765,576. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.04% of the stock is currently owned by insiders.

Intel Trading Up 6.4 %

Shares of NASDAQ:INTC opened at $20.91 on Tuesday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28. The firm has a market capitalization of $89.41 billion, a price-to-earnings ratio of 21.78 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24. The business’s 50 day moving average price is $24.71 and its 200-day moving average price is $31.45.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Intel had a net margin of 1.77% and a return on equity of 1.78%. The business had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. During the same quarter last year, the business earned ($0.05) EPS. The company’s quarterly revenue was down .8% on a year-over-year basis. On average, equities research analysts forecast that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were issued a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.39%. Intel’s payout ratio is currently 52.08%.

Analyst Ratings Changes

A number of equities analysts have commented on INTC shares. Morgan Stanley reduced their target price on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. TD Cowen upgraded shares of Intel to a “hold” rating in a report on Monday. UBS Group reduced their target price on shares of Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Susquehanna reduced their target price on shares of Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, Roth Mkm reduced their target price on shares of Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.04.

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.