Wealth Alliance Sells 862 Shares of Intel Co. (NASDAQ:INTC)

Wealth Alliance cut its stake in Intel Co. (NASDAQ:INTC) by 5.5% during the fourth quarter, HoldingsChannel reports. The firm owned 14,948 shares of the chip maker’s stock after selling 862 shares during the period. Wealth Alliance’s holdings in Intel were worth $751,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. New Millennium Group LLC grew its holdings in shares of Intel by 87.2% in 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 during the last quarter. Valued Wealth Advisors LLC bought a new position in shares of Intel in the fourth quarter worth about $36,000. Cornerstone Planning Group LLC bought a new position in shares of Intel in the second quarter worth about $25,000. Lumature Wealth Partners LLC grew its holdings in Intel by 146.7% during the 1st quarter. Lumature Wealth Partners LLC now owns 824 shares of the chip maker’s stock worth $41,000 after acquiring an additional 490 shares in the last quarter. Finally, Legacy Financial Group LLC bought a new position in Intel during the 3rd quarter worth about $30,000. 64.53% of the stock is currently owned by institutional investors.

Intel Price Performance

Shares of NASDAQ INTC opened at $36.26 on Wednesday. The stock has a market capitalization of $153.31 billion, a price-to-earnings ratio of 92.98, a PEG ratio of 3.21 and a beta of 1.00. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28. The firm’s 50 day simple moving average is $42.32 and its 200-day simple moving average is $42.40. 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 announced its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The company had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. During the same quarter in the previous year, the company posted $0.10 EPS. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. Analysts expect that Intel Co. will post 0.62 EPS for the current year.

Intel Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Truist Financial reiterated a “hold” rating and set a $45.00 target price on shares of Intel in a report on Wednesday, April 3rd. Wells Fargo & Company dropped their target price on shares of Intel from $48.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 9th. Mizuho dropped their target price on shares of Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 26th. TD Cowen dropped their target price on shares of Intel from $45.00 to $42.00 and set a “market perform” rating on the stock in a report on Friday, January 26th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $50.00 price target on shares of Intel in a report on Wednesday, April 3rd. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $42.69.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of Intel stock in a transaction dated Thursday, February 1st. The shares were acquired at an average price of $42.74 per share, for a total transaction 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 purchase was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction that occurred on Thursday, February 1st. The shares were purchased at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the acquisition, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of Intel stock in a transaction that occurred on Monday, January 29th. The stock was bought at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the acquisition, 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. Insiders own 0.04% of the company’s stock.

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.