Intel Co. (NASDAQ:INTC) Stock Position Reduced by Johnson Bixby & Associates LLC

Johnson Bixby & Associates LLC reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 10.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 50,194 shares of the chip maker’s stock after selling 6,087 shares during the quarter. Intel comprises 0.5% of Johnson Bixby & Associates LLC’s portfolio, making the stock its 26th biggest holding. Johnson Bixby & Associates LLC’s holdings in Intel were worth $2,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. FLC Capital Advisors boosted its stake in Intel by 24.2% during the 4th quarter. FLC Capital Advisors now owns 17,902 shares of the chip maker’s stock valued at $900,000 after purchasing an additional 3,488 shares during the period. MJP Associates Inc. ADV acquired a new stake in Intel during the 4th quarter valued at $342,000. Great Lakes Retirement Inc. increased its stake in shares of Intel by 5.4% in the 4th quarter. Great Lakes Retirement Inc. now owns 25,023 shares of the chip maker’s stock valued at $1,257,000 after buying an additional 1,283 shares during the period. HT Partners LLC acquired a new stake in shares of Intel in the 4th quarter valued at $209,000. Finally, Procyon Advisors LLC increased its stake in shares of Intel by 2.0% in the 4th quarter. Procyon Advisors LLC now owns 59,570 shares of the chip maker’s stock valued at $2,993,000 after buying an additional 1,190 shares during the period. Institutional investors own 64.53% of the company’s stock.

Intel Trading Up 4.2 %

NASDAQ INTC traded up $1.78 on Wednesday, reaching $43.77. The company had a trading volume of 50,973,957 shares, compared to its average volume of 45,228,254. The firm has a market cap of $185.06 billion, a price-to-earnings ratio of 112.23, a P/E/G ratio of 4.36 and a beta of 1.00. Intel Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28. The business has a 50 day moving average of $43.98 and a two-hundred day moving average of $42.01. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. The company had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS. Analysts forecast that Intel Co. will post 0.64 EPS for the current year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 annualized dividend and a yield of 1.14%. Intel’s payout ratio is 128.21%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on INTC shares. Truist Financial reduced their target price on Intel from $47.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, January 26th. Wedbush reissued a “neutral” rating and set a $40.00 price target on shares of Intel in a research report on Friday, February 16th. Morgan Stanley boosted their price target on Intel from $39.00 to $48.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, January 26th. Finally, The Goldman Sachs Group boosted their price target on Intel from $34.00 to $39.00 and gave the company a “sell” rating in a research note on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $41.48.

Insider Activity at Intel

In other news, CEO Patrick P. Gelsinger acquired 3,000 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was purchased at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the purchase, the chief executive officer now owns 28,475 shares in the company, valued at approximately $1,234,676. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Patrick P. Gelsinger acquired 3,000 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was purchased at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the purchase, the chief executive officer now owns 28,475 shares in the company, valued at approximately $1,234,676. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Patrick P. Gelsinger acquired 2,800 shares of the firm’s 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 purchase, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

About Intel

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.