LSV Asset Management Sells 272,940 Shares of Intel Co. (NASDAQ:INTC)

LSV Asset Management cut its holdings in Intel Co. (NASDAQ:INTC) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,879,710 shares of the chip maker’s stock after selling 272,940 shares during the period. LSV Asset Management owned approximately 0.14% of Intel worth $295,455,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of INTC. Horan Capital Advisors LLC. purchased a new stake in Intel in the 4th quarter worth approximately $244,000. Bordeaux Wealth Advisors LLC lifted its stake in Intel by 16.6% in the fourth quarter. Bordeaux Wealth Advisors LLC now owns 14,927 shares of the chip maker’s stock worth $750,000 after acquiring an additional 2,123 shares during the period. Bare Financial Services Inc bought a new stake in Intel in the fourth quarter valued at $39,000. Loudon Investment Management LLC raised its holdings in Intel by 3.7% in the 4th quarter. Loudon Investment Management LLC now owns 64,552 shares of the chip maker’s stock worth $3,244,000 after purchasing an additional 2,304 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of Intel by 29.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 36,993 shares of the chip maker’s stock valued at $1,859,000 after purchasing an additional 8,470 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on INTC shares. 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 report on Friday, April 26th. TD Cowen lowered their price target on Intel from $42.00 to $35.00 and set a “hold” rating on the stock in a report on Friday, April 26th. The Goldman Sachs Group dropped their price objective on shares of Intel from $39.00 to $34.00 and set a “sell” rating on the stock in a report on Friday, April 26th. Wedbush lowered their price objective on Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Finally, Mizuho decreased their price objective on shares of Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Four 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. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $39.75.

Intel Stock Up 1.3 %

Shares of INTC stock traded up $0.39 during trading hours on Friday, hitting $30.90. 36,794,828 shares of the company were exchanged, compared to its average volume of 58,447,700. Intel Co. has a one year low of $26.85 and a one year high of $51.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The stock has a market capitalization of $131.54 billion, a price-to-earnings ratio of 32.19, a P/E/G ratio of 10.05 and a beta of 1.09. The business’s 50-day simple moving average is $39.60 and its two-hundred day simple moving average is $42.02.

Intel Announces Dividend

The firm also recently announced 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 1.62%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s dividend payout ratio is currently 52.08%.

Insider Activity at Intel

In other news, CEO Patrick P. Gelsinger bought 4,100 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were acquired 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 directly owns 39,375 shares in the company, valued at approximately $1,192,668.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Patrick P. Gelsinger purchased 4,100 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were acquired at an average cost of $30.29 per share, with a total value of $124,189.00. Following the completion of the purchase, the chief executive officer now owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick P. Gelsinger purchased 4,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were acquired 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 $1,108,340.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

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.