Intel Co. (NASDAQ:INTC) Stock Holdings Lessened by Opes Wealth Management LLC

Opes Wealth Management LLC reduced its holdings in Intel Co. (NASDAQ:INTC) by 2.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,258 shares of the chip maker’s stock after selling 379 shares during the quarter. Opes Wealth Management LLC’s holdings in Intel were worth $666,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of INTC. New Millennium Group LLC increased its holdings in shares of Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after acquiring an additional 231 shares during the period. Valued Wealth Advisors LLC acquired a new stake in shares of Intel in the 4th quarter worth about $36,000. Cornerstone Planning Group LLC acquired a new position in Intel during the 2nd quarter valued at about $25,000. Lumature Wealth Partners LLC increased its stake in Intel by 146.7% during the 1st quarter. Lumature Wealth Partners LLC now owns 824 shares of the chip maker’s stock valued at $41,000 after buying an additional 490 shares during the period. Finally, Legacy Financial Group LLC acquired a new position in Intel during the 3rd quarter valued at about $30,000. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Down 1.8 %

Shares of INTC stock traded down $0.64 during trading on Thursday, hitting $35.04. 42,276,421 shares of the company were exchanged, compared to its average volume of 46,860,035. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The firm has a market capitalization of $148.15 billion, a price-to-earnings ratio of 89.75, a P/E/G ratio of 3.21 and a beta of 1.00. The business’s 50-day simple moving average is $42.18 and its 200 day simple moving average is $42.35. Intel Co. has a twelve month low of $26.85 and a twelve month high of $51.28.

Intel (NASDAQ:INTC) last posted its quarterly 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 business had revenue of $15.40 billion during 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 firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company posted $0.10 earnings per share. As a group, analysts forecast that Intel Co. will post 0.62 EPS for the current fiscal year.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.43%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio is 128.21%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several equities analysts have commented on INTC shares. Raymond James lowered their target price on shares of Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a research note on Friday, January 26th. Wedbush reissued a “neutral” rating and set a $40.00 target price on shares of Intel in a research note on Wednesday. Truist Financial reissued a “hold” rating and set a $45.00 target price on shares of Intel in a research note on Wednesday, April 3rd. UBS Group lifted their price objective on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Monday, April 1st. Finally, HSBC lowered their price objective on shares of Intel from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Friday, January 26th. Four research analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $42.62.

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.