Intel Co. (NASDAQ:INTC) Shares Sold by City Holding Co.

City Holding Co. lowered its position in Intel Co. (NASDAQ:INTC) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,842 shares of the chip maker’s stock after selling 1,085 shares during the quarter. City Holding Co.’s holdings in Intel were worth $1,097,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTC. New Millennium Group LLC lifted its stake 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 in the last quarter. Frazier Financial Advisors LLC bought a new stake in Intel in the fourth quarter valued at about $27,000. Burkett Financial Services LLC bought a new stake in Intel in the fourth quarter valued at about $27,000. Raleigh Capital Management Inc. increased its holdings in Intel by 62.8% in the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after buying an additional 362 shares during the last quarter. Finally, Valued Wealth Advisors LLC bought a new position in shares of Intel during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger purchased 4,100 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. 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 purchased 4,100 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger bought 4,000 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was purchased at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the acquisition, the chief executive officer now owns 35,275 shares in the company, valued at approximately $1,108,340.50. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. The Goldman Sachs Group lowered their target price on Intel from $34.00 to $30.00 and set a “sell” rating for the company in a report on Thursday, May 9th. TD Cowen lowered their target price on Intel from $42.00 to $35.00 and set a “hold” rating for the company in a report on Friday, April 26th. Wells Fargo & Company lowered 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. Barclays lowered their target price on Intel from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Finally, Benchmark reaffirmed a “buy” rating and set a $62.00 target price on shares of Intel in a report on Wednesday, April 3rd. Three investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Intel has an average rating of “Hold” and a consensus price target of $39.58.

Intel Price Performance

NASDAQ:INTC traded down $0.18 during mid-day trading on Monday, hitting $30.91. The company’s stock had a trading volume of 5,254,108 shares, compared to its average volume of 47,011,117. Intel Co. has a fifty-two week low of $29.73 and a fifty-two week 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 company has a market capitalization of $131.58 billion, a price-to-earnings ratio of 32.39, a P/E/G ratio of 14.60 and a beta of 1.06. The stock has a fifty day moving average of $31.57 and a 200-day moving average of $39.91.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 25th. The chip maker reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Intel had a return on equity of 2.19% and a net margin of 7.36%. The company had revenue of $12.72 billion during the quarter, compared to the consensus estimate of $12.76 billion. As a group, equities analysts forecast that Intel Co. will post 0.09 EPS for the current fiscal 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 paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s payout ratio is presently 52.08%.

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.