Seed Wealth Management Inc. Sells 665 Shares of Intel Co. (NASDAQ:INTC)

Seed Wealth Management Inc. trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 8.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,347 shares of the chip maker’s stock after selling 665 shares during the period. Seed Wealth Management Inc.’s holdings in Intel were worth $327,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. New Millennium Group LLC lifted its holdings in Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares during the last quarter. Frazier Financial Advisors LLC bought a new position in Intel in the 4th quarter worth approximately $27,000. Burkett Financial Services LLC purchased a new position in Intel in the 4th quarter valued at approximately $27,000. Raleigh Capital Management Inc. raised its holdings in Intel by 62.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after acquiring an additional 362 shares during the period. Finally, Valued Wealth Advisors LLC purchased a new stake in shares of Intel during the fourth quarter worth $36,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Sanford C. Bernstein decreased their price objective on Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a research note on Friday, April 26th. UBS Group upped their price target on Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Monday, April 1st. Stifel Nicolaus restated a “hold” rating and issued a $45.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Bank of America decreased their target price on shares of Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. Finally, Benchmark reissued a “buy” rating and issued a $62.00 price target on shares of Intel in a report on Wednesday, April 3rd. Three research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, Intel currently has a consensus rating of “Hold” and an average target price of $39.58.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger bought 4,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was bought at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the acquisition, the chief executive officer now directly owns 39,375 shares in the company, valued at $1,192,668.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Patrick P. Gelsinger acquired 4,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were acquired at an average cost of $31.42 per share, with a total value of $125,680.00. Following the transaction, the chief executive officer now owns 35,275 shares in the company, valued at approximately $1,108,340.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Patrick P. Gelsinger bought 4,100 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was 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 directly owns 39,375 shares in the company, 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 Trading Up 0.2 %

INTC stock traded up $0.05 during midday trading on Thursday, hitting $30.59. The company had a trading volume of 30,161,325 shares, compared to its average volume of 46,878,305. The stock has a market cap of $130.22 billion, a price-to-earnings ratio of 31.89, a PEG ratio of 14.65 and a beta of 1.06. Intel Co. has a 52 week low of $29.73 and a 52 week 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 stock’s 50 day moving average price is $31.24 and its 200 day moving average price is $39.68.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The firm 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, equities research analysts expect 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. Investors 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 yield of 1.63%. Intel’s dividend payout ratio 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.