Intel Co. (NASDAQ:INTC) Stock Position Cut by Investment Advisory Group LLC

Investment Advisory Group LLC lessened its stake in Intel Co. (NASDAQ:INTC) by 3.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,460 shares of the chip maker’s stock after selling 316 shares during the period. Investment Advisory Group LLC’s holdings in Intel were worth $425,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INTC. Moneta Group Investment Advisors LLC lifted its holdings in Intel by 100,953.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 51,133,863 shares of the chip maker’s stock valued at $1,351,468,000 after acquiring an additional 51,083,262 shares during the last quarter. Norges Bank purchased a new stake in Intel during the fourth quarter valued at about $1,092,939,000. Clearbridge Investments LLC lifted its stake in Intel by 4,407.3% during the first quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker’s stock valued at $814,727,000 after buying an additional 16,074,485 shares in the last quarter. Barclays PLC lifted its stake in Intel by 171.1% during the second quarter. Barclays PLC now owns 21,404,715 shares of the chip maker’s stock valued at $715,773,000 after buying an additional 13,507,774 shares in the last quarter. Finally, Morgan Stanley lifted its stake in Intel by 29.8% during the fourth quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker’s stock valued at $1,409,835,000 after buying an additional 12,241,200 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Bank of America reduced their price objective on shares of Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday. Evercore ISI began coverage on shares of Intel in a research note on Tuesday. They set an “in-line” rating and a $40.00 price objective for the company. Barclays upped their target price on Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, January 16th. Mizuho dropped their target price on Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 26th. Finally, Raymond James dropped their target price on Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Intel has a consensus rating of “Hold” and a consensus target price of $42.69.

Insider Activity

In other news, CEO Patrick P. Gelsinger bought 3,000 shares of Intel stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average cost of $43.36 per share, with a total value of $130,080.00. Following the completion of the transaction, the chief executive officer now directly owns 28,475 shares in the company, valued at $1,234,676. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Patrick P. Gelsinger acquired 3,000 shares of the business’s stock in a transaction on Monday, January 29th. The stock was bought at an average cost of $43.36 per share, with a total value of $130,080.00. Following the completion of the acquisition, the chief executive officer now owns 28,475 shares in the company, valued at $1,234,676. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Patrick P. Gelsinger acquired 2,800 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were bought at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the acquisition, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by company insiders.

Intel Stock Performance

INTC stock traded down $0.12 during midday trading on Tuesday, hitting $36.19. 11,255,159 shares of the company traded hands, compared to its average volume of 46,726,512. Intel Co. has a twelve month low of $26.85 and a twelve month high of $51.28. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $153.01 billion, a price-to-earnings ratio of 92.62, a price-to-earnings-growth ratio of 3.16 and a beta of 1.00. The business has a 50 day simple moving average of $42.45 and a 200-day simple moving average of $42.39.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The company had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same period in the prior year, the business earned $0.10 earnings per share. Intel’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, equities research analysts predict that Intel Co. will post 0.62 earnings per share for the current year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were given a $0.125 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.38%. Intel’s dividend payout ratio is 128.21%.

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.