Weatherly Asset Management L. P. Sells 3,250 Shares of Intel Co. (NASDAQ:INTC)

Weatherly Asset Management L. P. lowered its stake in Intel Co. (NASDAQ:INTC) by 6.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 46,216 shares of the chip maker’s stock after selling 3,250 shares during the period. Weatherly Asset Management L. P.’s holdings in Intel were worth $2,322,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of INTC. GAMMA Investing LLC acquired a new stake in shares of Intel in the fourth quarter valued at approximately $1,345,000. Eudaimonia Advisors LLC raised its holdings in shares of Intel by 18.0% in the fourth quarter. Eudaimonia Advisors LLC now owns 8,724 shares of the chip maker’s stock valued at $438,000 after purchasing an additional 1,328 shares during the last quarter. SlateStone Wealth LLC raised its holdings in shares of Intel by 11.7% in the fourth quarter. SlateStone Wealth LLC now owns 59,152 shares of the chip maker’s stock valued at $2,972,000 after purchasing an additional 6,205 shares during the last quarter. Lesa Sroufe & Co raised its holdings in shares of Intel by 1.5% in the fourth quarter. Lesa Sroufe & Co now owns 76,469 shares of the chip maker’s stock valued at $3,843,000 after purchasing an additional 1,103 shares during the last quarter. Finally, Stockman Wealth Management Inc. acquired a new position in Intel during the fourth quarter worth $232,000. Institutional investors own 64.53% of the company’s stock.

Insiders Place Their Bets

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

Intel Price Performance

INTC traded down $0.13 on Tuesday, hitting $34.28. 46,719,967 shares of the stock were exchanged, compared to its average volume of 46,893,191. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28. The business has a 50-day moving average of $41.66 and a two-hundred day moving average of $42.37. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. The firm has a market capitalization of $144.94 billion, a price-to-earnings ratio of 87.90, a PEG ratio of 3.07 and a beta of 1.00.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.27 by $0.27. The firm had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.10 earnings per share. Sell-side analysts forecast that Intel Co. will post 0.61 EPS for the current fiscal year.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s payout ratio is 128.21%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on INTC. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, January 26th. Morgan Stanley lifted their price objective on shares of Intel from $39.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Mizuho reduced their price objective on shares of Intel from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 26th. Raymond James reduced their price objective on shares of Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Finally, Truist Financial reaffirmed a “hold” rating and set a $45.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Four investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $42.38.

Intel Company 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.