HF Advisory Group LLC Sells 3,874 Shares of Intel Co. (NASDAQ:INTC)

HF Advisory Group LLC lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 9.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,789 shares of the chip maker’s stock after selling 3,874 shares during the quarter. Intel comprises 1.2% of HF Advisory Group LLC’s portfolio, making the stock its 23rd largest holding. HF Advisory Group LLC’s holdings in Intel were worth $1,899,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Intel by 0.4% during the third quarter. Vanguard Group Inc. now owns 381,109,738 shares of the chip maker’s stock worth $13,548,451,000 after purchasing an additional 1,624,453 shares during the period. State Street Corp lifted its holdings in shares of Intel by 0.8% during the first quarter. State Street Corp now owns 179,319,417 shares of the chip maker’s stock worth $5,858,347,000 after buying an additional 1,447,881 shares during the last quarter. Primecap Management Co. CA lifted its holdings in shares of Intel by 6.0% during the third quarter. Primecap Management Co. CA now owns 74,762,291 shares of the chip maker’s stock worth $2,657,799,000 after buying an additional 4,226,790 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Intel by 29.8% during the fourth quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker’s stock worth $1,409,835,000 after buying an additional 12,241,200 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its holdings in shares of Intel by 100,953.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 51,133,863 shares of the chip maker’s stock worth $1,351,468,000 after buying an additional 51,083,262 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on INTC shares. Evercore ISI started coverage on Intel in a report on Tuesday. They set an “in-line” rating and a $40.00 price target for the company. Morgan Stanley upped their price target on Intel from $39.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Wells Fargo & Company cut their price target on Intel from $48.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, April 9th. TD Cowen cut their target price on Intel from $45.00 to $42.00 and set a “market perform” rating for the company in a research note on Friday, January 26th. Finally, Barclays upped their target price on Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 16th. Four research 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $42.62.

Intel Price Performance

Shares of INTC stock traded down $0.19 during trading hours on Thursday, hitting $35.49. 7,001,125 shares of the company’s stock were exchanged, compared to its average volume of 46,371,820. The stock’s 50-day moving average is $42.18 and its 200-day moving average is $42.35. 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 stock has a market cap of $150.05 billion, a price-to-earnings ratio of 91.49, a price-to-earnings-growth ratio of 3.21 and a beta of 1.00. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.27. The business 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 quarter last year, the business earned $0.10 earnings per share. As a group, research analysts forecast that Intel Co. will post 0.62 EPS for the current year.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.41%. Intel’s dividend payout ratio is currently 128.21%.

Insider Transactions at Intel

In other Intel news, CEO Patrick P. Gelsinger bought 2,800 shares of Intel 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 approximately $1,336,693.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Patrick P. Gelsinger purchased 3,000 shares of Intel stock in a transaction that occurred on Monday, January 29th. The stock was acquired at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick P. Gelsinger acquired 2,800 shares of the company’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 acquisition, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by corporate 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.