Intel Co. (NASDAQ:INTC) Shares Sold by West Paces Advisors Inc.

West Paces Advisors Inc. lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 9.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,011 shares of the chip maker’s stock after selling 551 shares during the quarter. West Paces Advisors Inc.’s holdings in Intel were worth $252,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of INTC. Main Street Research LLC grew its holdings in shares of Intel by 4.7% during the 4th quarter. Main Street Research LLC now owns 7,379 shares of the chip maker’s stock worth $371,000 after purchasing an additional 329 shares during the period. DGS Capital Management LLC grew its holdings in shares of Intel by 4.3% during the 4th quarter. DGS Capital Management LLC now owns 10,466 shares of the chip maker’s stock worth $526,000 after purchasing an additional 436 shares during the period. LifePlan Financial LLC purchased a new stake in shares of Intel during the 4th quarter worth about $826,000. Flputnam Investment Management Co. grew its holdings in shares of Intel by 4.4% during the 4th quarter. Flputnam Investment Management Co. now owns 51,314 shares of the chip maker’s stock worth $2,579,000 after purchasing an additional 2,175 shares during the period. Finally, Capital Analysts LLC grew its holdings in shares of Intel by 24.6% during the 4th quarter. Capital Analysts LLC now owns 15,102 shares of the chip maker’s stock worth $759,000 after purchasing an additional 2,978 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Buying and Selling at Intel

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

Intel Stock Performance

INTC traded down $0.05 during trading hours on Tuesday, hitting $36.26. 30,296,011 shares of the stock were exchanged, compared to its average volume of 46,996,785. The stock has a 50-day simple moving average of $42.45 and a 200-day simple moving average of $42.39. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28. The stock has a market cap of $153.31 billion, a price-to-earnings ratio of 93.26, a price-to-earnings-growth ratio of 3.16 and a beta of 1.00. 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 posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating 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 return on equity of 1.64% and a net margin of 3.11%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business posted $0.10 earnings per share. Analysts anticipate that Intel Co. will post 0.62 earnings per share for the current year.

Intel Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently issued reports on INTC shares. Cantor Fitzgerald reiterated a “neutral” rating and set a $50.00 target price on shares of Intel in a report on Wednesday, April 3rd. Morgan Stanley increased their price objective on shares of Intel from $39.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Wells Fargo & Company lowered their price objective on shares of Intel from $48.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 9th. Evercore ISI assumed coverage on shares of Intel in a research report on Tuesday. They issued an “in-line” rating and a $40.00 price objective for the company. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of Intel in a research report on Thursday, April 4th. Four investment 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. According to MarketBeat, Intel has a consensus rating of “Hold” and a consensus price target of $42.69.

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.