Intel Co. (NASDAQ:INTC) Shares Sold by Arnhold LLC

Arnhold LLC lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 71.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 23,715 shares of the chip maker’s stock after selling 60,397 shares during the period. Arnhold LLC’s holdings in Intel were worth $1,192,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. New Millennium Group LLC lifted its holdings in shares of Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares in the last quarter. Valued Wealth Advisors LLC purchased a new stake in shares of Intel during the fourth quarter worth $36,000. Legacy Financial Group LLC purchased a new stake in shares of Intel during the third quarter worth $30,000. Raleigh Capital Management Inc. raised its holdings in shares of 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 acquiring an additional 362 shares in the last quarter. Finally, Financial Connections Group Inc. purchased a new stake in shares of Intel during the fourth quarter worth $52,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Trading Down 2.8 %

INTC stock traded down $0.89 during trading on Tuesday, hitting $30.47. The company had a trading volume of 72,176,616 shares, compared to its average volume of 48,540,945. 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 firm has a 50-day moving average price of $40.35 and a 200-day moving average price of $42.23. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28. The stock has a market cap of $128.83 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 2.89 and a beta of 1.00.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.64%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger bought 2,800 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was bought at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.04% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

INTC has been the subject of several recent research reports. Morgan Stanley cut their price objective on Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a report on Friday. Wells Fargo & Company lowered their target price on shares of Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday. Cantor Fitzgerald reissued a “neutral” rating and set a $50.00 target price on shares of Intel in a research report on Wednesday, April 3rd. The Goldman Sachs Group lowered their target price on shares of Intel from $39.00 to $34.00 and set a “sell” rating on the stock in a research report on Friday. Finally, UBS Group increased their target price on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Four investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $39.75.

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.