Intel Co. (NASDAQ:INTC) Shares Sold by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. reduced its position in Intel Co. (NASDAQ:INTC) by 0.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 222,003 shares of the chip maker’s stock after selling 860 shares during the period. ST Germain D J Co. Inc.’s holdings in Intel were worth $9,806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of INTC. IMPACTfolio LLC purchased a new stake in shares of Intel during the first quarter worth about $214,000. HighPoint Advisor Group LLC purchased a new position in shares of Intel in the fourth quarter valued at approximately $4,180,000. Quadrature Capital Ltd purchased a new stake in shares of Intel during the fourth quarter worth approximately $24,011,000. Livelsberger Financial Advisory acquired a new position in Intel in the 4th quarter valued at $153,000. Finally, Ariston Services Group purchased a new position in Intel in the 4th quarter valued at $514,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wolfe Research upgraded Intel from an “underperform” rating to a “peer perform” rating in a research report on Thursday, May 16th. Truist Financial decreased their target price on shares of Intel from $45.00 to $33.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Wells Fargo & Company cut their price objective on Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Morgan Stanley decreased their target price on Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Finally, Roth Mkm decreased their price objective on Intel from $45.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Intel has a consensus rating of “Hold” and an average target price of $39.58.

Intel Trading Down 1.1 %

Shares of Intel stock traded down $0.35 during trading hours on Tuesday, hitting $30.63. The company’s stock had a trading volume of 33,241,262 shares, compared to its average volume of 47,005,566. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $130.39 billion, a PE ratio of 32.14, a P/E/G ratio of 14.52 and a beta of 1.06. The business has a fifty day moving average of $32.08 and a 200 day moving average of $40.24. Intel Co. has a 1-year low of $29.73 and a 1-year high of $51.28.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The firm had revenue of $12.72 billion for the quarter, compared to analyst estimates of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. As a group, equities analysts forecast that Intel Co. will post 0.09 EPS for the current year.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s payout ratio is 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.