Good Life Advisors LLC Lowers Stake in Intel Co. (NASDAQ:INTC)

Good Life Advisors LLC decreased its holdings in Intel Co. (NASDAQ:INTC) by 27.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,989 shares of the chip maker’s stock after selling 5,168 shares during the period. Good Life Advisors LLC’s holdings in Intel were worth $703,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Moneta Group Investment Advisors LLC boosted its position in shares of Intel by 100,953.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 51,133,863 shares of the chip maker’s stock worth $1,351,468,000 after purchasing an additional 51,083,262 shares during the period. Norges Bank purchased a new position in Intel in the 4th quarter valued at approximately $1,092,939,000. Clearbridge Investments LLC boosted its position in Intel by 4,407.3% in the 1st quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker’s stock valued at $814,727,000 after buying an additional 16,074,485 shares during the period. Barclays PLC boosted its position in Intel by 171.1% in the 2nd quarter. Barclays PLC now owns 21,404,715 shares of the chip maker’s stock valued at $715,773,000 after buying an additional 13,507,774 shares during the period. Finally, Morgan Stanley boosted its position in Intel by 29.8% in the 4th quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker’s stock valued at $1,409,835,000 after buying an additional 12,241,200 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Up 0.9 %

Shares of Intel stock traded up $0.40 during trading hours on Thursday, hitting $44.17. The company’s stock had a trading volume of 53,458,735 shares, compared to its average volume of 45,363,746. Intel Co. has a 1-year low of $26.85 and a 1-year high of $51.28. The business has a fifty day moving average of $43.98 and a 200 day moving average of $42.01. The company has a market capitalization of $186.75 billion, a PE ratio of 113.87, a P/E/G ratio of 4.38 and a beta of 1.00. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. The business had revenue of $15.40 billion during the quarter, compared to analyst estimates 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 period last year, the business earned $0.10 EPS. As a group, equities analysts forecast that Intel Co. will post 0.64 EPS for the current year.

Intel Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s payout ratio is 128.21%.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger acquired 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 acquisition, 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 document filed with the Securities & Exchange Commission, which is available through this link. In other Intel news, CEO Patrick P. Gelsinger purchased 3,000 shares of Intel stock in a transaction dated Monday, January 29th. The shares were bought at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the transaction, the chief executive officer now owns 28,475 shares in the company, valued at approximately $1,234,676. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Patrick P. Gelsinger purchased 2,800 shares of Intel stock in a transaction dated Thursday, February 1st. The stock was acquired at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the transaction, 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. Company insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on INTC. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, January 26th. Morgan Stanley lifted their price target on shares of Intel from $39.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Mizuho cut their price target on shares of Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Wells Fargo & Company cut their price target on shares of Intel from $52.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Friday, January 26th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Intel from $38.00 to $42.00 and gave the company a “hold” rating in a research note on Monday, December 18th. Four analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $41.48.

Intel 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.