Private Advisor Group LLC Sells 4,094 Shares of Intel Co. (NASDAQ:INTC)

Private Advisor Group LLC reduced its position in Intel Co. (NASDAQ:INTC) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 501,812 shares of the chip maker’s stock after selling 4,094 shares during the quarter. Private Advisor Group LLC’s holdings in Intel were worth $25,216,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. New Millennium Group LLC raised 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 worth $25,000 after acquiring an additional 231 shares during the last quarter. Raleigh Capital Management Inc. raised its holdings in shares of Intel by 62.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after acquiring an additional 362 shares during the last quarter. Valued Wealth Advisors LLC acquired a new stake in shares of Intel in the 4th quarter worth about $36,000. Signature Resources Capital Management LLC purchased a new stake in Intel in the 4th quarter valued at about $37,000. Finally, Bare Financial Services Inc purchased a new stake in Intel in the 4th quarter valued at about $39,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Intel

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

Analysts Set New Price Targets

Several equities research analysts have commented on INTC shares. Raymond James decreased their price objective on shares of Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. HSBC decreased their price target on shares of Intel from $44.00 to $37.00 and set a “hold” rating for the company in a research note on Tuesday, April 23rd. Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 price objective on shares of Intel in a report on Friday, April 26th. Barclays cut their price target on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Finally, Evercore ISI lowered their price objective on shares of Intel from $40.00 to $36.00 and set an “in-line” rating on the stock in a research report on Friday, April 26th. Four research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $39.75.

Intel Stock Up 0.2 %

NASDAQ:INTC traded up $0.07 during trading hours on Monday, hitting $30.97. 36,153,059 shares of the company’s stock traded hands, compared to its average volume of 48,448,844. The firm has a market cap of $131.84 billion, a P/E ratio of 32.26, a P/E/G ratio of 10.05 and a beta of 1.09. Intel Co. has a twelve month low of $26.85 and a twelve month 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’s fifty day moving average price is $39.36 and its two-hundred day moving average price is $42.08.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio is 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.