Intel Co. (NASDAQ:INTC) Stake Lowered by First Pacific Financial

First Pacific Financial cut its position in Intel Co. (NASDAQ:INTC) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,820 shares of the chip maker’s stock after selling 731 shares during the quarter. First Pacific Financial’s holdings in Intel were worth $795,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. New Millennium Group LLC raised its holdings in Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after purchasing an additional 231 shares in the last quarter. Cornerstone Planning Group LLC purchased a new stake in shares of Intel in the 2nd quarter valued at approximately $25,000. Legacy Financial Group LLC acquired a new position in Intel during the third quarter valued at $30,000. Milestone Investment Advisors LLC purchased a new stake in shares of Intel in the first quarter worth approximately $32,000. Finally, Raleigh Capital Management Inc. increased its stake in shares of Intel by 62.8% in the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after acquiring an additional 362 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

INTC has been the subject of several recent research reports. 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. Susquehanna lifted their target price on shares of Intel from $38.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, January 18th. Stifel Nicolaus raised their price target on Intel from $38.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Cantor Fitzgerald restated a “neutral” rating and set a $50.00 target price on shares of Intel in a research note on Friday, February 2nd. Finally, Benchmark increased their price objective on Intel from $52.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Four 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, Intel presently has a consensus rating of “Hold” and a consensus price target of $41.48.

Insider Activity

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

Intel Trading Up 4.2 %

NASDAQ INTC opened at $43.77 on Thursday. The stock has a 50 day moving average of $43.98 and a 200-day moving average of $42.01. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28. The company has a market cap of $185.06 billion, a PE ratio of 112.23, a PEG ratio of 4.38 and a beta of 1.00. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43.

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

Intel Announces Dividend

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

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.