Autus Asset Management LLC Sells 3,109 Shares of Intel Co. (NASDAQ:INTC)

Autus Asset Management LLC lowered its position in shares of Intel Co. (NASDAQ:INTCGet Rating) by 25.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,104 shares of the chip maker’s stock after selling 3,109 shares during the quarter. Autus Asset Management LLC’s holdings in Intel were worth $451,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in shares of Intel by 64.0% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 656 shares of the chip maker’s stock valued at $34,000 after buying an additional 256 shares during the last quarter. Gibson Wealth Advisors LLC purchased a new position in Intel in the 4th quarter valued at approximately $41,000. Shore Point Advisors LLC bought a new stake in Intel during the 4th quarter valued at $42,000. Rather & Kittrell Inc. purchased a new stake in shares of Intel during the fourth quarter worth $42,000. Finally, Fortis Advisors LLC bought a new position in shares of Intel in the third quarter worth $45,000. Hedge funds and other institutional investors own 62.74% of the company’s stock.

Shares of NASDAQ INTC opened at $37.38 on Thursday. Intel Co. has a 1 year low of $36.60 and a 1 year high of $57.83. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.13 and a quick ratio of 1.73. The firm has a 50-day moving average of $43.10 and a 200 day moving average of $47.39. The stock has a market cap of $152.85 billion, a P/E ratio of 6.21, a price-to-earnings-growth ratio of 1.44 and a beta of 0.60.

Intel (NASDAQ:INTCGet Rating) last released its earnings results on Thursday, April 28th. The chip maker reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.07. The firm had revenue of $18.40 billion during the quarter, compared to analyst estimates of $18.32 billion. Intel had a net margin of 31.68% and a return on equity of 21.67%. The business’s revenue was down 6.6% on a year-over-year basis. During the same period last year, the business earned $1.39 earnings per share. Research analysts expect that Intel Co. will post 3.5 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 1st. Stockholders of record on Saturday, May 7th were paid a $0.365 dividend. The ex-dividend date of this dividend was Thursday, May 5th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.91%. Intel’s dividend payout ratio is currently 24.25%.

In other news, CFO David Zinsner purchased 5,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 3rd. The shares were bought at an average price of $44.73 per share, for a total transaction of $246,015.00. Following the purchase, the chief financial officer now directly owns 8,803 shares in the company, valued at approximately $393,758.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.02% of the stock is owned by company insiders.

A number of equities research analysts recently weighed in on INTC shares. Credit Suisse Group set a $60.00 target price on shares of Intel in a research note on Friday, April 29th. The Goldman Sachs Group set a $41.00 target price on Intel in a research note on Monday, March 28th. Truist Financial cut their price objective on shares of Intel from $53.00 to $49.00 in a research note on Friday, April 8th. Citigroup decreased their price objective on Intel from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, June 6th. Finally, Raymond James upgraded Intel from an “underperform” rating to a “market perform” rating in a report on Wednesday, February 23rd. Eight analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Intel currently has an average rating of “Hold” and an average target price of $53.24.

About Intel (Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

Further Reading

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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