Romano Brothers AND Company Sells 1,024 Shares of Intel Co. (NASDAQ:INTC)

Romano Brothers AND Company cut its position in Intel Co. (NASDAQ:INTC) by 1.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,777 shares of the chip maker’s stock after selling 1,024 shares during the quarter. Romano Brothers AND Company’s holdings in Intel were worth $3,082,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. New Millennium Group LLC lifted its position in shares of Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after acquiring an additional 231 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Intel during the 4th quarter valued at $27,000. Burkett Financial Services LLC purchased a new stake in Intel during the 4th quarter worth about $27,000. Raleigh Capital Management Inc. boosted 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 worth $33,000 after purchasing an additional 362 shares during the period. Finally, Valued Wealth Advisors LLC purchased a new position in Intel during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Transactions at Intel

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on INTC shares. StockNews.com raised shares of Intel from a “sell” rating to a “hold” rating in a report on Tuesday, June 18th. Morgan Stanley cut their price target on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Sanford C. Bernstein reduced their price target on shares of Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a research report on Friday, April 26th. Bank of America lowered their price objective on Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. Finally, Benchmark restated a “buy” rating and set a $62.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Three analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.58.

Intel Trading Up 1.2 %

Shares of NASDAQ INTC traded up $0.38 during mid-day trading on Friday, hitting $30.97. The stock had a trading volume of 41,467,675 shares, compared to its average volume of 40,390,884. The firm has a market cap of $131.84 billion, a P/E ratio of 32.26, a price-to-earnings-growth ratio of 14.58 and a beta of 1.06. Intel Co. has a 1 year low of $29.73 and a 1 year high of $51.28. 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 business has a 50 day moving average price of $31.08 and a two-hundred day moving average price of $39.50.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The business had revenue of $12.72 billion during the quarter, compared to the consensus estimate of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. On average, equities analysts anticipate that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s dividend payout ratio (DPR) is currently 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.