Cypress Capital LLC Sells 1,551 Shares of Intel Co. (NASDAQ:INTC)

Cypress Capital LLC trimmed its stake in Intel Co. (NASDAQ:INTCGet Rating) by 5.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 28,557 shares of the chip maker’s stock after selling 1,551 shares during the period. Cypress Capital LLC’s holdings in Intel were worth $1,471,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Vestmark Advisory Solutions Inc. increased its holdings in Intel by 4.8% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 77,420 shares of the chip maker’s stock worth $3,987,000 after purchasing an additional 3,565 shares during the period. Achmea Investment Management B.V. increased its holdings in Intel by 0.8% during the 3rd quarter. Achmea Investment Management B.V. now owns 345,126 shares of the chip maker’s stock worth $18,388,000 after purchasing an additional 2,862 shares during the period. Trust Co. of Vermont increased its holdings in Intel by 1.9% during the 4th quarter. Trust Co. of Vermont now owns 203,023 shares of the chip maker’s stock worth $10,456,000 after purchasing an additional 3,774 shares during the period. Abundance Wealth Counselors purchased a new position in shares of Intel in the 4th quarter valued at $1,958,000. Finally, Aries Wealth Management increased its holdings in shares of Intel by 569.8% in the 4th quarter. Aries Wealth Management now owns 202,944 shares of the chip maker’s stock valued at $10,452,000 after acquiring an additional 172,643 shares during the period. 62.74% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Patrick P. Gelsinger bought 5,600 shares of the stock in a transaction dated Tuesday, February 22nd. The shares were acquired at an average cost of $44.27 per share, for a total transaction of $247,912.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO David Zinsner bought 5,500 shares of the stock in a transaction dated Tuesday, May 3rd. The shares were bought at an average price of $44.73 per share, for a total transaction of $246,015.00. Following the completion of the acquisition, the chief financial officer now owns 8,803 shares in the company, valued at $393,758.19. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 22,125 shares of company stock worth $991,265. Insiders own 0.02% of the company’s stock.

A number of research analysts have recently issued reports on the company. Truist Financial cut their price target on Intel from $53.00 to $49.00 in a report on Friday, April 8th. Morgan Stanley downgraded Intel from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $55.00 to $47.00 in a report on Thursday, March 3rd. UBS Group set a $53.00 price objective on Intel in a research report on Monday, February 21st. DZ Bank cut Intel from a “buy” rating to a “hold” rating and set a $48.00 price objective for the company. in a research report on Thursday, February 24th. Finally, Barclays set a $45.00 price objective on Intel in a research report on Friday, April 29th. Nine research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $53.82.

Shares of Intel stock traded up $0.94 on Tuesday, hitting $44.01. The company’s stock had a trading volume of 42,757,415 shares, compared to its average volume of 38,743,145. Intel Co. has a 1 year low of $42.87 and a 1 year high of $58.42. The firm has a fifty day moving average price of $47.26 and a 200-day moving average price of $49.20. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.13. The company has a market capitalization of $179.96 billion, a price-to-earnings ratio of 7.35, a price-to-earnings-growth ratio of 1.67 and a beta of 0.61.

Intel (NASDAQ:INTCGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The chip maker reported $0.87 EPS for the quarter, topping the consensus estimate of $0.80 by $0.07. Intel had a return on equity of 21.67% and a net margin of 31.68%. The company had revenue of $18.40 billion during the quarter, compared to analyst estimates of $18.32 billion. During the same period in the previous year, the business earned $1.39 EPS. Intel’s quarterly revenue was down 6.6% on a year-over-year basis. As a group, analysts forecast that Intel Co. will post 3.53 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Saturday, May 7th will be issued a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Thursday, May 5th. Intel’s dividend payout ratio is currently 24.25%.

Intel Profile (Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

Further Reading

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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