Intel Co. (NASDAQ:INTC) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lessened its position in shares of Intel Co. (NASDAQ:INTC) by 37.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,600 shares of the chip maker’s stock after selling 12,358 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Intel were worth $910,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. New Millennium Group LLC lifted its holdings in Intel by 87.2% during the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after buying an additional 231 shares during the last quarter. Frazier Financial Advisors LLC acquired a new position in Intel in the fourth quarter valued at approximately $27,000. Burkett Financial Services LLC purchased a new position in Intel in the fourth quarter valued at approximately $27,000. Raleigh Capital Management Inc. raised its holdings in Intel by 62.8% during the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after purchasing an additional 362 shares in the last quarter. Finally, Valued Wealth Advisors LLC purchased a new stake in shares of Intel during the 4th quarter worth approximately $36,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on INTC shares. Truist Financial cut their price target on shares of Intel from $45.00 to $33.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. UBS Group boosted their target price on Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, April 1st. JPMorgan Chase & Co. dropped their price target on Intel from $37.00 to $35.00 and set an “underweight” rating on the stock in a research note on Friday, April 26th. Morgan Stanley reduced their price objective on Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Finally, Roth Mkm lowered their target price on shares of Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Intel presently has an average rating of “Hold” and an average target price of $39.58.

Insider Activity

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

Intel Stock Down 0.4 %

Shares of Intel stock opened at $30.84 on Tuesday. The stock has a market capitalization of $131.29 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 14.76 and a beta of 1.05. Intel Co. has a twelve month low of $29.73 and a twelve month 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 business’s 50 day simple moving average is $31.08 and its 200-day simple moving average is $39.46.

Intel (NASDAQ:INTC) last issued its earnings results 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). The company had revenue of $12.72 billion during 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%. Equities research analysts forecast that Intel Co. will post 0.09 earnings per share for the current year.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.62%. The ex-dividend date was Monday, May 6th. Intel’s dividend payout ratio (DPR) 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.