Hyman Charles D Cuts Stake in Intel Co. (NASDAQ:INTC)

Hyman Charles D reduced its stake in Intel Co. (NASDAQ:INTC) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 369,744 shares of the chip maker’s stock after selling 10,317 shares during the period. Intel makes up 1.1% of Hyman Charles D’s portfolio, making the stock its 27th biggest position. Hyman Charles D’s holdings in Intel were worth $18,580,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of INTC. Everpar Advisors LLC purchased a new stake in shares of Intel during the fourth quarter valued at $479,000. Gryphon Financial Partners LLC boosted its position in Intel by 8.2% in the fourth quarter. Gryphon Financial Partners LLC now owns 21,024 shares of the chip maker’s stock worth $1,060,000 after purchasing an additional 1,601 shares during the last quarter. Barlow Wealth Partners Inc. purchased a new position in Intel in the fourth quarter worth about $275,000. Patrick M Sweeney & Associates Inc. purchased a new position in Intel in the fourth quarter worth about $697,000. Finally, Sovereign Financial Group Inc. raised its stake in shares of Intel by 4.5% in the fourth quarter. Sovereign Financial Group Inc. now owns 9,508 shares of the chip maker’s stock worth $478,000 after buying an additional 410 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Down 2.2 %

NASDAQ INTC traded down $0.68 on Wednesday, reaching $30.00. 63,662,910 shares of the stock traded hands, compared to its average volume of 48,568,035. 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 company has a fifty day moving average price of $39.12 and a 200-day moving average price of $42.05. The company has a market cap of $127.71 billion, a price-to-earnings ratio of 31.25, a PEG ratio of 10.05 and a beta of 1.09. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28.

Intel Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Monday, May 6th. Intel’s payout ratio is 52.08%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Mizuho decreased their price objective on Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. TD Cowen decreased their target price on Intel from $42.00 to $35.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. Bank of America decreased their target price on Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. Benchmark reissued a “buy” rating and set a $62.00 target price on shares of Intel in a research note on Wednesday, April 3rd. Finally, Wedbush decreased their target price on Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a research note 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $39.75.

Insider Transactions at Intel

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

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.