Signet Financial Management LLC Reduces Position in Intel Co. (NASDAQ:INTC)

Signet Financial Management LLC decreased its holdings in Intel Co. (NASDAQ:INTC) by 13.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,146 shares of the chip maker’s stock after selling 817 shares during the quarter. Signet Financial Management LLC’s holdings in Intel were worth $227,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Mather Group LLC. lifted its position in Intel by 32.8% during the third quarter. Mather Group LLC. now owns 32,917 shares of the chip maker’s stock valued at $1,170,000 after buying an additional 8,126 shares during the period. Trexquant Investment LP bought a new position in shares of Intel during the third quarter valued at $1,496,000. Morningstar Investment Services LLC bought a new position in shares of Intel during the third quarter valued at $340,000. Cape Cod Five Cents Savings Bank increased its holdings in shares of Intel by 98.1% during the third quarter. Cape Cod Five Cents Savings Bank now owns 37,666 shares of the chip maker’s stock valued at $1,339,000 after acquiring an additional 18,657 shares in the last quarter. Finally, CWA Asset Management Group LLC increased its holdings in shares of Intel by 15.7% during the third quarter. CWA Asset Management Group LLC now owns 18,058 shares of the chip maker’s stock valued at $642,000 after acquiring an additional 2,448 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Activity at Intel

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Rosenblatt Securities restated a “sell” rating and set a $17.00 price target on shares of Intel in a report on Friday, April 26th. Susquehanna reduced their price target on Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, April 26th. Wedbush reduced their price objective on Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a report on Friday, April 26th. Wells Fargo & Company reduced their price objective on Intel from $43.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Finally, StockNews.com upgraded Intel from a “sell” rating to a “hold” rating in a report on Tuesday, June 18th. Three analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.58.

Intel Price Performance

NASDAQ:INTC traded down $0.12 during trading hours on Thursday, reaching $30.42. The stock had a trading volume of 8,037,302 shares, compared to its average volume of 46,707,078. The stock has a market capitalization of $129.50 billion, a PE ratio of 31.86, a PEG ratio of 14.65 and a beta of 1.06. 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 company has a 50 day moving average price of $31.34 and a two-hundred day moving average price of $39.75. Intel Co. has a 52 week low of $29.73 and a 52 week high of $51.28.

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

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were given 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 payout ratio is currently 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.