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

Kiley Juergens Wealth Management LLC cut its holdings in shares of Intel Co. (NASDAQ:INTC) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 43,620 shares of the chip maker’s stock after selling 397 shares during the period. Kiley Juergens Wealth Management LLC’s holdings in Intel were worth $2,192,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Moneta Group Investment Advisors LLC lifted its position 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 worth $1,351,468,000 after purchasing an additional 51,083,262 shares during the period. Norges Bank bought a new position in shares of Intel in the fourth quarter valued at $1,092,939,000. Clearbridge Investments LLC increased its holdings in shares of 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 buying an additional 16,074,485 shares in the last quarter. Barclays PLC increased its holdings in shares of 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 buying an additional 13,507,774 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of 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 buying an additional 12,241,200 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price target on shares of Intel in a report on Wednesday, April 3rd. Evercore ISI started coverage on shares of Intel in a research note on Tuesday. They set an “in-line” rating and a $40.00 target price on the stock. Rosenblatt Securities reissued a “sell” rating and set a $17.00 target price on shares of Intel in a research note on Friday, February 23rd. Barclays boosted their target price on shares of Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 16th. Finally, The Goldman Sachs Group boosted their target price on shares of Intel from $34.00 to $39.00 and gave the company a “sell” rating in a research note on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and an average target price of $42.69.

Intel Trading Down 0.1 %

INTC traded down $0.05 during mid-day trading on Tuesday, hitting $36.26. The stock had a trading volume of 30,577,853 shares, compared to its average volume of 47,000,832. The stock’s fifty day simple moving average is $42.45 and its 200-day simple moving average is $42.39. 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 firm has a market capitalization of $153.31 billion, a price-to-earnings ratio of 93.26, a price-to-earnings-growth ratio of 3.16 and a beta of 1.00. Intel Co. has a 1-year low of $26.85 and a 1-year high of $51.28.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.27. The company had revenue of $15.40 billion for 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 for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the business posted $0.10 earnings per share. As a group, research analysts forecast that Intel Co. will post 0.62 EPS for the current fiscal year.

Intel Dividend Announcement

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

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average cost of $42.74 per share, for a total transaction 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 approximately $1,336,693.50. The purchase was disclosed in a 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 stock in a transaction on Monday, January 29th. The shares were purchased 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 owns 28,475 shares of the company’s stock, valued at $1,234,676. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger acquired 2,800 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was purchased at an average cost of $42.74 per share, with a total value of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

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.