Good Life Advisors LLC Sells 5,168 Shares of Intel Co. (NASDAQ:INTC)

Good Life Advisors LLC lessened its stake in Intel Co. (NASDAQ:INTC) by 27.0% during the fourth quarter, according to 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Moneta Group Investment Advisors LLC raised its stake in 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 buying an additional 51,083,262 shares during the period. Norges Bank purchased a new stake in shares of Intel in the fourth quarter worth approximately $1,092,939,000. Clearbridge Investments LLC raised its stake 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 worth $814,727,000 after purchasing an additional 16,074,485 shares during the last quarter. Barclays PLC raised its stake 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 worth $715,773,000 after purchasing an additional 13,507,774 shares during the last quarter. Finally, Morgan Stanley raised its stake 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 worth $1,409,835,000 after purchasing an additional 12,241,200 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Trading Up 0.9 %

INTC traded up $0.40 during midday trading on Thursday, reaching $44.17. 53,458,735 shares of the company’s stock traded hands, compared to its average volume of 45,363,746. The firm has a fifty day moving average of $43.98 and a two-hundred day moving average of $42.01. The stock has a market capitalization of $186.75 billion, a price-to-earnings ratio of 113.87, a P/E/G ratio of 4.38 and a beta of 1.00. 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 Co. has a 52 week low of $26.85 and a 52 week high of $51.28.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The business had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the prior year, the company posted $0.10 EPS. Intel’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities analysts anticipate that Intel Co. will post 0.64 earnings per share for the current fiscal year.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s dividend payout ratio is currently 128.21%.

Insider Transactions at Intel

In related 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 bought at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the purchase, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Patrick P. Gelsinger purchased 3,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the purchase, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the business’s stock in a transaction on 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 completion of the purchase, 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. Corporate insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

INTC has been the subject of several recent analyst reports. HSBC reduced their target price on Intel from $46.00 to $44.00 and set a “hold” rating for the company in a report on Friday, January 26th. Barclays upped their target price on Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, January 16th. Wedbush reissued a “neutral” rating and set a $40.00 price objective on shares of Intel in a report on Friday, February 16th. Benchmark increased their price objective on Intel from $52.00 to $62.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Intel from $38.00 to $42.00 and gave the company a “hold” rating in a report on Monday, December 18th. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $41.48.

About Intel

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.