Aspiriant LLC Trims Stock Holdings in Intel Co. (NASDAQ:INTC)

Aspiriant LLC lowered its holdings in Intel Co. (NASDAQ:INTC) by 1.6% in the first quarter, HoldingsChannel reports. The firm owned 26,224 shares of the chip maker’s stock after selling 439 shares during the period. Aspiriant LLC’s holdings in Intel were worth $1,158,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INTC. Brookstone Capital Management raised its stake in Intel by 65.2% during the first quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock valued at $3,052,000 after buying an additional 27,274 shares in the last quarter. RMR Wealth Builders raised its stake in Intel by 1.9% during the first quarter. RMR Wealth Builders now owns 26,589 shares of the chip maker’s stock valued at $1,174,000 after buying an additional 493 shares in the last quarter. Altus Wealth Management LLC acquired a new stake in Intel during the first quarter valued at approximately $247,000. Hoxton Planning & Management LLC raised its stake in Intel by 12.6% during the first quarter. Hoxton Planning & Management LLC now owns 7,110 shares of the chip maker’s stock valued at $314,000 after buying an additional 798 shares in the last quarter. Finally, Community Bank of Raymore acquired a new stake in Intel during the first quarter valued at approximately $221,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Roth Mkm cut their price objective on Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, April 26th. Susquehanna dropped their price target on Intel from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Mizuho dropped their price target on Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Bank of America dropped their price target 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, StockNews.com upgraded Intel from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th. Three equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $39.58.

Insider Activity

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

Intel Stock Performance

Shares of INTC stock opened at $30.59 on Friday. Intel Co. has a 1-year low of $29.73 and a 1-year high of $51.28. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $130.22 billion, a price-to-earnings ratio of 31.86, a P/E/G ratio of 14.56 and a beta of 1.06. The stock’s fifty day simple moving average is $31.24 and its 200-day simple moving average is $39.68.

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

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were issued a dividend of $0.125 per share. The ex-dividend date was Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.63%. Intel’s dividend payout ratio 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.