Intel Co. (NASDAQ:INTC) Shares Sold by LaFleur & Godfrey LLC

LaFleur & Godfrey LLC trimmed its position in Intel Co. (NASDAQ:INTC) by 82.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,760 shares of the chip maker’s stock after selling 65,926 shares during the period. LaFleur & Godfrey LLC’s holdings in Intel were worth $323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of INTC. Syon Capital LLC purchased a new position in Intel in the 4th quarter valued at about $311,000. Cullen Investment Group LTD. increased its holdings in Intel by 4.6% in the 1st quarter. Cullen Investment Group LTD. now owns 14,377 shares of the chip maker’s stock valued at $632,000 after purchasing an additional 635 shares during the last quarter. NBC Securities Inc. raised its holdings in shares of Intel by 2.6% in the 1st quarter. NBC Securities Inc. now owns 16,681 shares of the chip maker’s stock valued at $736,000 after buying an additional 418 shares during the period. First Hawaiian Bank grew its holdings in shares of Intel by 6.2% in the first quarter. First Hawaiian Bank now owns 43,890 shares of the chip maker’s stock valued at $1,939,000 after purchasing an additional 2,549 shares in the last quarter. Finally, RVW Wealth LLC acquired a new stake in shares of Intel in the first quarter valued at $277,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Activity

In other news, CEO Patrick P. Gelsinger bought 12,500 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was acquired at an average cost of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the purchase, the chief executive officer now owns 37,975 shares of the company’s stock, valued at $765,576. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

INTC has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Wedbush cut their price objective on shares of Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Barclays lowered their target price on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. JPMorgan Chase & Co. cut their target price on Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a research note on Friday, August 2nd. Finally, Hsbc Global Res downgraded shares of Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $31.96.

Intel Trading Down 1.3 %

INTC traded down $0.30 during trading on Wednesday, hitting $22.36. 37,042,766 shares of the company’s stock were exchanged, compared to its average volume of 58,876,898. The stock has a 50 day moving average price of $21.24 and a 200 day moving average price of $28.37. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. The firm has a market cap of $95.19 billion, a P/E ratio of 23.00 and a beta of 1.03.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Intel had a return on equity of 1.78% and a net margin of 1.77%. The business had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. During the same period last year, the company posted ($0.05) earnings per share. The firm’s revenue for the quarter was down .8% on a year-over-year basis. As a group, analysts expect that Intel Co. will post -0.47 EPS for the current fiscal year.

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.24%. The ex-dividend date was Wednesday, August 7th. Intel’s dividend payout ratio (DPR) 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.