Sicart Associates LLC Sells 5,559 Shares of Intel Co. (NASDAQ:INTC)

Sicart Associates LLC lessened its position in shares of Intel Co. (NASDAQ:INTC) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 172,544 shares of the chip maker’s stock after selling 5,559 shares during the period. Intel makes up about 1.4% of Sicart Associates LLC’s portfolio, making the stock its 29th largest holding. Sicart Associates LLC’s holdings in Intel were worth $4,048,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tributary Capital Management LLC bought a new position in Intel in the 1st quarter valued at approximately $27,000. America First Investment Advisors LLC bought a new position in Intel in the 2nd quarter valued at approximately $25,000. Cyrus J. Lawrence LLC bought a new position in Intel in the 2nd quarter valued at approximately $27,000. Spartan Fund Management Inc. bought a new position in Intel in the 2nd quarter valued at approximately $31,000. Finally, Financial Connections Group Inc. bought a new position in Intel in the 2nd quarter valued at approximately $32,000. Institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger acquired 12,500 shares of the company’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $20.16 per share, with a total value 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 approximately $765,576. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on INTC shares. Roth Mkm dropped their price objective on shares of Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Wedbush decreased their price target 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. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Argus cut shares of Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Truist Financial decreased their price target on shares of Intel from $33.00 to $25.00 and set a “hold” rating for the company in a research report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $30.80.

Intel Stock Down 0.5 %

Shares of Intel stock traded down $0.12 during trading hours on Tuesday, reaching $22.80. The company’s stock had a trading volume of 40,651,192 shares, compared to its average volume of 58,401,594. Intel Co. has a one year low of $18.51 and a one year high of $51.28. The company has a market capitalization of $97.06 billion, a P/E ratio of 23.95 and a beta of 1.03. The stock’s fifty day simple moving average is $21.65 and its two-hundred day simple moving average is $27.28. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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 net margin of 1.77% and a return on equity of 1.78%. The business had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.92 billion. During the same period last year, the business posted ($0.05) earnings per share. The firm’s quarterly revenue was down .8% on a year-over-year basis. On average, research analysts forecast that Intel Co. will post -0.47 earnings per share for the current year.

Intel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is 52.08%.

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.