Retirement Income Solutions Inc Sells 462 Shares of Intel Co. (INTC)

Retirement Income Solutions Inc cut its stake in shares of Intel Co. (NASDAQ:INTC) by 6.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,647 shares of the chip maker’s stock after selling 462 shares during the quarter. Retirement Income Solutions Inc’s holdings in Intel were worth $312,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. MU Investments Co. Ltd. acquired a new position in shares of Intel in the 4th quarter valued at about $5,404,000. Fiduciary Trust Co. lifted its stake in shares of Intel by 1.6% in the 4th quarter. Fiduciary Trust Co. now owns 766,157 shares of the chip maker’s stock valued at $35,956,000 after purchasing an additional 11,844 shares during the period. Hayden Royal LLC acquired a new position in shares of Intel in the 4th quarter valued at about $1,322,000. Mechanics Bank Trust Department lifted its stake in shares of Intel by 1.0% in the 4th quarter. Mechanics Bank Trust Department now owns 81,129 shares of the chip maker’s stock valued at $3,808,000 after purchasing an additional 824 shares during the period. Finally, Crescent Grove Advisors LLC lifted its stake in shares of Intel by 9.3% in the 4th quarter. Crescent Grove Advisors LLC now owns 22,875 shares of the chip maker’s stock valued at $1,074,000 after purchasing an additional 1,940 shares during the period. 64.80% of the stock is currently owned by institutional investors.

In other Intel news, VP Kevin Thomas Mcbride sold 518 shares of the business’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 transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven Ralph Rodgers sold 25,170 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $55.00, for a total value of $1,384,350.00. Following the completion of the transaction, the executive vice president now owns 48,140 shares in the company, valued at approximately $2,647,700. The disclosure for this sale can be found here. Insiders have sold a total of 100,320 shares of company stock valued at $5,343,843 over the last three months. Corporate insiders own 0.02% of the company’s stock.

A number of research analysts have recently issued reports on the company. ValuEngine downgraded Intel from a “hold” rating to a “sell” rating in a research note on Thursday. Credit Suisse Group set a $58.00 price objective on Intel and gave the company a “buy” rating in a research note on Thursday. Deutsche Bank dropped their price objective on Intel from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday. Wells Fargo & Co dropped their price objective on Intel from $60.00 to $55.00 and set a “market perform” rating on the stock in a research note on Thursday. Finally, BMO Capital Markets downgraded Intel from an “outperform” rating to a “market perform” rating and set a $47.99 price objective on the stock. in a research note on Thursday. Seven analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $54.44.

Shares of INTC opened at $46.62 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.13. The company has a market cap of $242.10 billion, a price-to-earnings ratio of 10.18, a P/E/G ratio of 1.61 and a beta of 0.75. Intel Co. has a 52 week low of $42.36 and a 52 week high of $59.59.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 25th. The chip maker reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.02. The firm had revenue of $16.10 million during the quarter, compared to analyst estimates of $16.03 billion. Intel had a return on equity of 29.54% and a net margin of 29.04%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 EPS. Analysts expect that Intel Co. will post 4.28 EPS for the current 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 issued a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio is currently 27.51%.

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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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