Peterson Wealth Services Decreases Stock Position in Intel Co. (NASDAQ:INTC)

Peterson Wealth Services cut its stake in Intel Co. (NASDAQ:INTC) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,410 shares of the chip maker’s stock after selling 660 shares during the period. Intel comprises about 2.2% of Peterson Wealth Services’ holdings, making the stock its 12th largest holding. Peterson Wealth Services’ holdings in Intel were worth $5,147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of INTC. Moneta Group Investment Advisors LLC boosted its holdings in Intel by 100,953.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 51,133,863 shares of the chip maker’s stock valued at $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 fourth quarter valued at $1,092,939,000. Clearbridge Investments LLC boosted its holdings in Intel by 4,407.3% in the first quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker’s stock valued at $814,727,000 after purchasing an additional 16,074,485 shares during the period. Barclays PLC boosted its holdings in Intel by 171.1% in the second quarter. Barclays PLC now owns 21,404,715 shares of the chip maker’s stock valued at $715,773,000 after purchasing an additional 13,507,774 shares during the period. Finally, Morgan Stanley boosted its holdings in Intel by 29.8% in the fourth quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker’s stock valued at $1,409,835,000 after purchasing an additional 12,241,200 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Trading Down 0.4 %

INTC traded down $0.15 during trading on Thursday, hitting $35.53. The company’s stock had a trading volume of 7,705,912 shares, compared to its average volume of 46,371,820. The firm’s 50 day moving average price is $42.18 and its 200-day moving average price 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 $150.22 billion, a PE ratio of 91.49, a PEG ratio of 3.21 and a beta of 1.00. Intel Co. has a twelve month low of $26.85 and a twelve month high of $51.28.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. The business had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 EPS. On average, analysts expect that Intel Co. will post 0.62 earnings per share for the current year.

Intel Announces Dividend

The company also recently disclosed 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 of this dividend was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.41%. Intel’s payout ratio is 128.21%.

Insider Transactions at Intel

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

Analyst Upgrades and Downgrades

INTC has been the topic of a number of analyst reports. Mizuho cut their price target on Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, January 26th. Susquehanna cut their price target on Intel from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday. TD Cowen cut their price target on Intel from $45.00 to $42.00 and set a “market perform” rating on the stock in a research note on Friday, January 26th. Finally, Truist Financial restated a “hold” rating and issued a $45.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Four 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $42.62.

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.