Affiance Financial LLC Sells 837 Shares of Intel Co. (NASDAQ:INTC)

Affiance Financial LLC lowered its position in Intel Co. (NASDAQ:INTC) by 10.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,550 shares of the chip maker’s stock after selling 837 shares during the period. Affiance Financial LLC’s holdings in Intel were worth $334,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. New Millennium Group LLC raised its position in Intel by 87.2% in 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. Frazier Financial Advisors LLC bought a new position in Intel in the 4th quarter worth approximately $27,000. Burkett Financial Services LLC bought a new position in Intel in the 4th quarter worth approximately $27,000. Raleigh Capital Management Inc. raised its position in Intel by 62.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after purchasing an additional 362 shares during the last quarter. Finally, Valued Wealth Advisors LLC bought a new position in Intel in the 4th quarter worth approximately $36,000. Institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

INTC traded down $0.05 on Thursday, reaching $30.49. The company had a trading volume of 2,539,271 shares, compared to its average volume of 46,662,379. Intel Co. has a fifty-two week low of $29.73 and a fifty-two week high of $51.28. The stock has a market cap of $129.80 billion, a P/E ratio of 31.81, a P/E/G ratio of 14.65 and a beta of 1.06. The company’s fifty day moving average is $31.34 and its 200 day moving average is $39.75. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS 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 company had revenue of $12.72 billion during the quarter, compared to analyst estimates of $12.76 billion. As a group, analysts predict that Intel Co. will post 0.09 earnings per share for the current fiscal year.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s dividend payout ratio is presently 52.08%.

Wall Street Analyst Weigh In

A number of analysts have commented on INTC shares. Wells Fargo & Company lowered their target price on shares of Intel from $43.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Citigroup lowered their target price on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a report on Monday, April 15th. UBS Group lifted their target price on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Barclays lowered their target price on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Finally, TD Cowen decreased their price target on shares of Intel from $42.00 to $35.00 and set a “hold” rating for the company in a report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $39.58.

Insider Buying and Selling

In other news, CEO Patrick P. Gelsinger bought 4,100 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average price of $30.29 per share, with a total value of $124,189.00. Following the completion of the purchase, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Patrick P. Gelsinger bought 4,100 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average price of $30.29 per share, with a total value of $124,189.00. Following the completion of the purchase, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger purchased 4,000 shares of Intel stock in a transaction on Monday, April 29th. The stock was bought at an average price of $31.42 per share, with a total value of $125,680.00. Following the completion of the acquisition, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

Intel 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.