Dakota Wealth Management trimmed its position in Intel Co. (NASDAQ:INTC – Get Rating) by 15.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,456 shares of the chip maker’s stock after selling 2,522 shares during the quarter. Dakota Wealth Management’s holdings in Intel were worth $440,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in INTC. Marshall & Sullivan Inc. WA purchased a new position in shares of Intel in the fourth quarter worth $26,000. Red Tortoise LLC purchased a new position in shares of Intel in the fourth quarter worth $29,000. Phocas Financial Corp. purchased a new position in shares of Intel in the fourth quarter worth $33,000. Antonetti Capital Management LLC boosted its holdings in Intel by 78.5% in the fourth quarter. Antonetti Capital Management LLC now owns 1,251 shares of the chip maker’s stock valued at $33,000 after acquiring an additional 550 shares in the last quarter. Finally, Glassy Mountain Advisors Inc. bought a new stake in Intel in the fourth quarter valued at $37,000. 60.10% of the stock is owned by hedge funds and other institutional investors.
Intel Price Performance
NASDAQ INTC opened at $34.10 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.76 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $142.23 billion, a P/E ratio of -50.15 and a beta of 0.87. Intel Co. has a 52 week low of $24.59 and a 52 week high of $40.73. The company has a 50-day moving average price of $31.11 and a 200-day moving average price of $29.49.
Insider Activity
In other news, major shareholder Corp Intel sold 38,500,000 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $40.84, for a total transaction of $1,572,340,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Corp Intel sold 38,500,000 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $40.84, for a total transaction of $1,572,340,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 8,200 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The shares were bought at an average price of $30.41 per share, for a total transaction of $249,362.00. Following the acquisition, the chief executive officer now directly owns 138,265 shares in the company, valued at approximately $4,204,638.65. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Intel from $28.00 to $32.00 in a report on Thursday, March 30th. Raymond James lifted their price target on shares of Intel from $33.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, March 30th. Mizuho lifted their price target on shares of Intel from $29.00 to $30.00 in a report on Friday, April 28th. Benchmark upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Friday, April 28th. Finally, Credit Suisse Group set a $25.00 target price on shares of Intel in a report on Thursday, March 30th. Seven equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $30.65.
About Intel
Intel Corporation designs, develops, manufactures, markets, and sells computing and related products worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, Accelerated Computing Systems and Graphics, Intel Foundry Services, and Other segments. The company offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and accelerators, boards and systems, connectivity products, and memory and storage products.
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