Intel Co. (NASDAQ:INTC) Shares Sold by Forza Wealth Management LLC

Forza Wealth Management LLC trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 2.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,519 shares of the chip maker’s stock after selling 820 shares during the quarter. Forza Wealth Management LLC’s holdings in Intel were worth $1,525,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Slow Capital Inc. grew its position in shares of Intel by 0.9% in the fourth quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock valued at $2,749,000 after purchasing an additional 508 shares in the last quarter. Altus Wealth Group LLC boosted its holdings in Intel by 29.4% in the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock valued at $1,272,000 after purchasing an additional 5,759 shares during the last quarter. Alera Investment Advisors LLC acquired a new position in Intel during the 4th quarter worth about $201,000. Callan Capital LLC lifted its position in shares of Intel by 9.1% during the fourth quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock worth $884,000 after purchasing an additional 1,474 shares in the last quarter. Finally, Vanguard Capital Wealth Advisors lifted its position in shares of Intel by 1.3% during the third quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock worth $1,613,000 after purchasing an additional 574 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 2,800 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were purchased at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the acquisition, 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. Company insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. HSBC reduced their target price on shares of Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Friday. Roth Mkm cut their price target on Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday. Finally, Susquehanna decreased their price target on shares of Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday. Four analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.75.

Intel Stock Performance

INTC traded down $0.52 on Monday, hitting $31.36. 58,488,666 shares of the company traded hands, compared to its average volume of 48,273,395. The stock has a market capitalization of $132.59 billion, a PE ratio of 32.67, a PEG ratio of 2.89 and a beta of 1.00. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The company has a 50 day moving average of $40.63 and a 200-day moving average of $42.27. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28.

Intel (NASDAQ:INTC) last issued its 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 firm had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 earnings per share. Sell-side analysts anticipate that Intel Co. will post 0.6 earnings per share for the current year.

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s dividend payout ratio is currently 52.08%.

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.