Shufro Rose & Co. LLC Sells 560 Shares of Intel Co. (NASDAQ:INTC)

Shufro Rose & Co. LLC reduced its holdings in shares of Intel Co. (NASDAQ:INTC) by 0.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 312,866 shares of the chip maker’s stock after selling 560 shares during the quarter. Intel makes up approximately 1.4% of Shufro Rose & Co. LLC’s holdings, making the stock its 22nd biggest position. Shufro Rose & Co. LLC’s holdings in Intel were worth $15,722,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in INTC. New Millennium Group LLC boosted its holdings in shares of Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after buying an additional 231 shares during the last quarter. Valued Wealth Advisors LLC bought a new position in shares of Intel in the fourth quarter worth $36,000. Legacy Financial Group LLC bought a new position in shares of Intel in the third quarter worth $30,000. Raleigh Capital Management Inc. increased its position in shares of Intel by 62.8% in 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 during the period. Finally, Financial Connections Group Inc. bought a new position in Intel in the fourth quarter valued at about $52,000. 64.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on INTC shares. Wedbush decreased their target price on Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a research report on Friday. Citigroup dropped their price target on Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, April 15th. Truist Financial decreased their price objective on Intel from $45.00 to $33.00 and set a “hold” rating for the company in a report on Friday. Rosenblatt Securities restated a “sell” rating and set a $17.00 price objective on shares of Intel in a report on Friday. Finally, Evercore ISI decreased their price objective on Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a report on Friday. Four research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Intel has an average rating of “Hold” and an average price target of $39.75.

Intel Stock Performance

INTC stock traded down $3.23 during midday trading on Friday, hitting $31.88. The company’s stock had a trading volume of 119,742,494 shares, compared to its average volume of 50,613,192. The stock’s 50-day moving average price is $40.88 and its 200 day moving average price is $42.27. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. Intel Co. has a 1 year low of $26.85 and a 1 year high of $51.28. The stock has a market cap of $134.79 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 2.89 and a beta of 1.00.

Intel (NASDAQ:INTC) last issued its quarterly earnings results 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 return on equity of 2.22% and a net margin of 7.36%. The firm had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. During the same quarter in the prior year, the firm earned $0.10 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities analysts forecast that Intel Co. will post 0.6 EPS for the current year.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.57%. Intel’s dividend payout ratio is presently 52.08%.

Insider Activity

In other news, CEO Patrick P. Gelsinger purchased 3,000 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were purchased at an average price of $43.36 per share, with a total value of $130,080.00. Following the transaction, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at $1,234,676. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average price of $42.74 per share, with a total value of $119,672.00. Following the acquisition, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the acquisition, the chief executive officer now directly owns 28,475 shares in the company, valued at approximately $1,234,676. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Intel 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.