AXS Investments LLC Cuts Stock Holdings in Intel Co. (NASDAQ:INTC)

AXS Investments LLC lowered its position in shares of Intel Co. (NASDAQ:INTC) by 19.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,469 shares of the chip maker’s stock after selling 7,538 shares during the period. AXS Investments LLC’s holdings in Intel were worth $1,531,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. New Millennium Group LLC boosted its stake in Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after acquiring an additional 231 shares in the last quarter. Frazier Financial Advisors LLC acquired a new position in Intel in the fourth quarter valued at $27,000. Valued Wealth Advisors LLC acquired a new position in Intel in the fourth quarter valued at $36,000. Signature Resources Capital Management LLC acquired a new position in Intel in the fourth quarter valued at $37,000. Finally, Bare Financial Services Inc acquired a new stake in shares of Intel during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Buying and Selling

In other news, CEO Patrick P. Gelsinger acquired 4,100 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was bought at an average price of $30.29 per share, with a total value of $124,189.00. Following the completion of the acquisition, the chief executive officer now owns 39,375 shares in the company, valued at approximately $1,192,668.75. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Intel news, CEO Patrick P. Gelsinger acquired 4,000 shares of Intel stock in a transaction on Monday, April 29th. The shares were purchased at an average cost of $31.42 per share, with a total value of $125,680.00. Following the completion of the purchase, 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 the SEC website. Also, CEO Patrick P. Gelsinger acquired 4,100 shares of Intel stock in a transaction on Wednesday, May 1st. The stock was acquired at an average cost of $30.29 per share, for a total transaction 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 approximately $1,192,668.75. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

INTC has been the subject of several recent research reports. TD Cowen decreased their target price on shares of Intel from $42.00 to $35.00 and set a “hold” rating for the company in a research note on Friday, April 26th. Morgan Stanley cut their price target on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Wedbush cut their price target on shares of Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a report on Friday, April 26th. Bank of America cut their price target on shares of Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, April 12th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $39.58.

Intel Stock Performance

INTC stock traded down $1.34 during mid-day trading on Thursday, reaching $30.08. 61,707,168 shares of the stock traded hands, compared to its average volume of 47,955,422. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28. The business has a 50-day moving average of $36.24 and a two-hundred day moving average of $41.66. The firm has a market capitalization of $128.05 billion, a PE ratio of 31.75, a P/E/G ratio of 15.25 and a beta of 1.09.

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). Intel had a net margin of 7.36% and a return on equity of 2.19%. The company had revenue of $12.72 billion during the quarter, compared to the consensus estimate of $12.76 billion. As a group, equities analysts predict that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.66%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio (DPR) is presently 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.