Altfest L J & Co. Inc. Sells 1,693 Shares of Intel Co. (NASDAQ:INTC)

Altfest L J & Co. Inc. trimmed its stake in shares of Intel Co. (NASDAQ:INTC) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,080 shares of the chip maker’s stock after selling 1,693 shares during the period. Intel comprises about 0.5% of Altfest L J & Co. Inc.’s portfolio, making the stock its 28th largest position. Altfest L J & Co. Inc.’s holdings in Intel were worth $1,928,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Tortoise Investment Management LLC increased its holdings in Intel by 86.7% during the third quarter. Tortoise Investment Management LLC now owns 1,249 shares of the chip maker’s stock worth $59,000 after buying an additional 580 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Intel by 375.2% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,533 shares of the chip maker’s stock valued at $120,000 after buying an additional 2,000 shares in the last quarter. Highwater Wealth Management LLC purchased a new position in Intel in the 4th quarter worth about $125,000. Ironwood Financial llc increased its position in shares of Intel by 429.0% during the 3rd quarter. Ironwood Financial llc now owns 2,645 shares of the chip maker’s stock valued at $125,000 after purchasing an additional 2,145 shares during the last quarter. Finally, Almanack Investment Partners LLC. purchased a new stake in shares of Intel during the 3rd quarter valued at about $155,000. Institutional investors own 64.69% of the company’s stock.

Shares of INTC traded down $0.07 during mid-day trading on Friday, reaching $58.49. The company’s stock had a trading volume of 20,464,197 shares, compared to its average volume of 18,158,996. The company has a market cap of $273.63 billion, a P/E ratio of 12.77, a PEG ratio of 1.54 and a beta of 0.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.30 and a current ratio of 1.73. Intel Co. has a 12-month low of $42.36 and a 12-month high of $59.59.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 24th. The chip maker reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. Intel had a return on equity of 30.08% and a net margin of 29.72%. The company had revenue of $18.66 billion during the quarter, compared to analysts’ expectations of $19.02 billion. During the same period last year, the firm earned $1.08 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, analysts predict that Intel Co. will post 4.51 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be given a dividend of $0.315 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $1.26 dividend on an annualized basis and a yield of 2.15%. Intel’s payout ratio is 27.51%.

A number of analysts recently issued reports on INTC shares. JPMorgan Chase & Co. restated a “buy” rating and issued a $64.00 price target on shares of Intel in a research report on Friday, January 25th. Sanford C. Bernstein restated a “sell” rating and set a $42.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Morgan Stanley upgraded Intel from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $55.00 to $64.00 in a research note on Friday, February 22nd. Northland Securities dropped their price objective on Intel to $38.00 and set an “underperform” rating on the stock in a research report on Friday, January 25th. Finally, Needham & Company LLC downgraded Intel from a “buy” rating to a “hold” rating and lowered their price target for the stock from $58.00 to $50.00 in a report on Friday, January 25th. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $55.40.

In other news, VP Kevin Thomas Mcbride sold 518 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $51.33, for a total value of $26,588.94. Following the completion of the sale, the vice president now directly owns 8,274 shares of the company’s stock, valued at approximately $424,704.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven Ralph Rodgers sold 25,170 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $55.00, for a total value of $1,384,350.00. Following the completion of the sale, the executive vice president now directly owns 48,140 shares of the company’s stock, valued at $2,647,700. The disclosure for this sale can be found here. Insiders have sold a total of 65,431 shares of company stock valued at $3,500,497 over the last ninety days. 0.02% of the stock is owned by insiders.

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Intel Profile

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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