CFO4Life Group LLC Sells 839 Shares of Intel Co. (NASDAQ:INTC)

CFO4Life Group LLC reduced its holdings in shares of Intel Co. (NASDAQ:INTC) by 5.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,133 shares of the chip maker’s stock after selling 839 shares during the period. CFO4Life Group LLC’s holdings in Intel were worth $668,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. New Millennium Group LLC grew its holdings in 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 acquiring an additional 231 shares during the period. Burkett Financial Services LLC acquired a new stake in Intel during the 4th quarter worth about $27,000. Frazier Financial Advisors LLC acquired a new stake in Intel during the 4th quarter worth about $27,000. Tributary Capital Management LLC acquired a new stake in shares of Intel in the 1st quarter valued at about $27,000. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of Intel in the 4th quarter valued at about $36,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Intel

In other news, CEO Patrick P. Gelsinger purchased 4,100 shares of Intel stock in a transaction dated Wednesday, May 1st. The stock was purchased 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 $1,192,668.75. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Patrick P. Gelsinger purchased 4,100 shares of Intel stock in a transaction dated Wednesday, May 1st. The stock was purchased 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 $1,192,668.75. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Patrick P. Gelsinger purchased 4,000 shares of Intel stock in a transaction dated Monday, April 29th. The shares were purchased at an average price of $31.42 per share, with a total value of $125,680.00. Following the completion of the transaction, the chief executive officer now directly owns 35,275 shares in the company, valued at $1,108,340.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on INTC shares. Stifel Nicolaus restated a “hold” rating and issued a $45.00 target price on shares of Intel in a research note on Wednesday, April 3rd. Benchmark restated a “buy” rating and issued a $62.00 target price on shares of Intel in a research note on Wednesday, April 3rd. Wolfe Research upgraded Intel from an “underperform” rating to a “peer perform” rating in a research note on Thursday, May 16th. Bank of America cut their price target on Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. Finally, Morgan Stanley cut their price target on Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $39.58.

Intel Stock Performance

Intel stock traded up $1.56 during mid-day trading on Friday, reaching $35.06. The company’s stock had a trading volume of 39,447,984 shares, compared to its average volume of 47,168,293. Intel Co. has a 12-month low of $29.73 and a 12-month high of $51.28. The company has a market capitalization of $149.25 billion, a P/E ratio of 36.09, a PEG ratio of 16.62 and a beta of 1.05. 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 firm’s fifty day moving average price is $31.09 and its two-hundred day moving average price is $38.69.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 25th. The chip maker reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Intel had a net margin of 7.36% and a return on equity of 2.19%. The business had revenue of $12.72 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Sell-side analysts predict that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were paid a $0.125 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.43%. Intel’s dividend payout ratio is 52.08%.

Intel Company 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.