Leisure Capital Management Sells 5,817 Shares of Intel Co. (NASDAQ:INTC)

Leisure Capital Management lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 15.4% in the 4th quarter, HoldingsChannel reports. The firm owned 31,967 shares of the chip maker’s stock after selling 5,817 shares during the quarter. Leisure Capital Management’s holdings in Intel were worth $1,606,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. New Millennium Group LLC increased its stake in shares of Intel by 87.2% during the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after purchasing an additional 231 shares during the last quarter. Valued Wealth Advisors LLC purchased a new position in Intel in the 4th quarter valued at approximately $36,000. Legacy Financial Group LLC purchased a new position in Intel in the 3rd quarter valued at approximately $30,000. Raleigh Capital Management Inc. grew its stake in Intel by 62.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after buying an additional 362 shares in the last quarter. Finally, Financial Connections Group Inc. purchased a new position in Intel in the 4th quarter valued at approximately $52,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on INTC. HSBC reduced their price objective on shares of Intel from $44.00 to $37.00 and set a “hold” rating for the company in a research note on Tuesday. Evercore ISI reduced their price objective on shares of Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a research note on Friday. Roth Mkm reduced their price target on shares of Intel from $45.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday. Barclays reduced their price target on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Citigroup reduced their price target on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research report on Monday, April 15th. Four 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 data from MarketBeat, Intel has an average rating of “Hold” and a consensus target price of $39.75.

Insiders Place Their Bets

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

Intel Trading Down 9.2 %

Shares of NASDAQ INTC traded down $3.23 during midday trading on Friday, hitting $31.88. 119,742,494 shares of the company traded hands, compared to its average volume of 50,613,192. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The stock has a 50-day moving average price of $40.88 and a 200 day moving average price of $42.23. The firm has a market cap of $134.79 billion, a P/E ratio of 33.21, a P/E/G ratio of 3.19 and a beta of 1.00.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.27. Intel had a net margin of 7.36% and a return on equity of 2.22%. The company had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. During the same quarter in the previous year, the company earned $0.10 earnings per share. Intel’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, analysts expect that Intel Co. will post 0.6 earnings per share for the current year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

About Intel

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.