Intel Co. (NASDAQ:INTC) Stake Lessened by Knuff & Co LLC

Knuff & Co LLC cut its stake in Intel Co. (NASDAQ:INTC) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,643 shares of the chip maker’s stock after selling 1,500 shares during the period. Knuff & Co LLC’s holdings in Intel were worth $1,138,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Slow Capital Inc. boosted its holdings in shares of Intel by 0.9% in the fourth quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock valued at $2,749,000 after acquiring an additional 508 shares in the last quarter. Altus Wealth Group LLC boosted its holdings in Intel by 29.4% during the fourth quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after buying an additional 5,759 shares in the last quarter. Alera Investment Advisors LLC bought a new stake in Intel during the fourth quarter worth approximately $201,000. Callan Capital LLC boosted its holdings in Intel by 9.1% during the fourth quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock worth $884,000 after buying an additional 1,474 shares in the last quarter. Finally, Vanguard Capital Wealth Advisors boosted its holdings in Intel by 1.3% during the third quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock worth $1,613,000 after buying an additional 574 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Performance

NASDAQ:INTC traded up $0.39 during midday trading on Friday, reaching $30.90. The stock had a trading volume of 36,794,828 shares, compared to its average volume of 58,447,700. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. The stock has a market capitalization of $131.54 billion, a P/E ratio of 32.19, a PEG ratio of 10.05 and a beta of 1.09. The firm’s fifty day simple moving average is $39.60 and its 200-day simple moving average is $42.02. Intel Co. has a 1-year low of $26.85 and a 1-year high of $51.28.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be given a $0.125 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.62%. Intel’s dividend payout ratio is 52.08%.

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger purchased 4,100 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were bought at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the transaction, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger bought 4,100 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were acquired at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the transaction, the chief executive officer now owns 39,375 shares in the company, valued at $1,192,668.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick P. Gelsinger bought 4,000 shares of the firm’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 completion of the transaction, the chief executive officer now owns 35,275 shares in the company, valued at approximately $1,108,340.50. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wedbush reduced their target price on shares of Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a report on Friday, April 26th. Truist Financial reduced their target price on shares of Intel from $45.00 to $33.00 and set a “hold” rating for the company in a report on Friday, April 26th. Mizuho reduced their price target on shares of Intel from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, April 26th. Raymond James reduced their price target on shares of Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Finally, The Goldman Sachs Group reduced their price target on shares of Intel from $39.00 to $34.00 and set a “sell” rating for the company in a research report on Friday, April 26th. Four investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus price target of $39.75.

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.