Altfest L J & Co. Inc. Lowers Stock Holdings in Intel Co. (NASDAQ:INTC)

Altfest L J & Co. Inc. trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 45.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,440 shares of the chip maker’s stock after selling 20,644 shares during the quarter. Altfest L J & Co. Inc.’s holdings in Intel were worth $1,228,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Cantor Fitzgerald Investment Advisor L.P boosted its stake in shares of Intel by 173.6% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 539,976 shares of the chip maker’s stock valued at $26,761,000 after buying an additional 342,649 shares during the period. Axiom Financial Strategies LLC boosted its stake in shares of Intel by 21.6% in the 1st quarter. Axiom Financial Strategies LLC now owns 5,944 shares of the chip maker’s stock valued at $260,000 after buying an additional 1,056 shares during the period. Fairfield Bush & CO. acquired a new stake in shares of Intel during the 1st quarter worth about $142,000. Retirement Income Solutions Inc raised its position in shares of Intel by 5.1% during the 1st quarter. Retirement Income Solutions Inc now owns 6,338 shares of the chip maker’s stock worth $314,000 after acquiring an additional 307 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Intel by 26.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,863,459 shares of the chip maker’s stock worth $290,593,000 after acquiring an additional 1,244,247 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Benchmark raised their target price on Intel from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. TD Cowen cut their target price on Intel from $45.00 to $42.00 and set a “market perform” rating on the stock in a research report on Friday, January 26th. HSBC cut their target price on Intel from $46.00 to $44.00 and set a “hold” rating on the stock in a research report on Friday, January 26th. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 price target on shares of Intel in a research report on Friday, February 23rd. Finally, The Goldman Sachs Group lifted their price target on Intel from $34.00 to $39.00 and gave the stock a “sell” rating in a research report on Friday, January 26th. Four equities 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 MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus price target of $41.48.

Intel Price Performance

INTC stock traded up $0.24 on Thursday, reaching $44.01. 27,672,228 shares of the company’s stock were exchanged, compared to its average volume of 44,923,383. The stock has a fifty day moving average of $43.98 and a 200-day moving average of $42.01. Intel Co. has a twelve month low of $26.85 and a twelve month high of $51.28. The firm has a market cap of $186.07 billion, a PE ratio of 113.87, a P/E/G ratio of 4.38 and a beta of 1.00. 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 (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.27. The company had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. Intel’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 earnings per share. As a group, equities analysts predict that Intel Co. will post 0.64 EPS for the current fiscal year.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is 128.21%.

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.