Parisi Gray Wealth Management Sells 240 Shares of Intel Co. (NASDAQ:INTC)

Parisi Gray Wealth Management cut its holdings in Intel Co. (NASDAQ:INTC) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,805 shares of the chip maker’s stock after selling 240 shares during the period. Parisi Gray Wealth Management’s holdings in Intel were worth $442,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Revolve Wealth Partners LLC boosted its stake in shares of Intel by 3.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock worth $372,000 after purchasing an additional 216 shares during the period. New Millennium Group LLC boosted its stake in shares of Intel by 87.2% during the 4th 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 period. Global Trust Asset Management LLC lifted its holdings in Intel by 4.1% during the 4th quarter. Global Trust Asset Management LLC now owns 6,253 shares of the chip maker’s stock valued at $314,000 after buying an additional 249 shares in the last quarter. Carmignac Gestion lifted its holdings in Intel by 0.7% during the 3rd quarter. Carmignac Gestion now owns 34,294 shares of the chip maker’s stock valued at $1,219,000 after buying an additional 251 shares in the last quarter. Finally, Frontier Wealth Management LLC raised its holdings in shares of Intel by 0.5% in the 1st quarter. Frontier Wealth Management LLC now owns 46,894 shares of the chip maker’s stock valued at $2,181,000 after purchasing an additional 253 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on INTC. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $50.00 price objective on shares of Intel in a research report on Friday, February 2nd. Barclays lifted their price objective on shares of Intel from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Morgan Stanley boosted their target price on shares of Intel from $39.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Wedbush reissued a “neutral” rating and set a $40.00 target price on shares of Intel in a research report on Friday, February 16th. Finally, Stifel Nicolaus boosted their target price on shares of Intel from $38.00 to $45.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Four analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $41.48.

Intel Stock Up 1.1 %

Intel stock traded up $0.48 during trading on Thursday, reaching $44.25. The stock had a trading volume of 6,206,636 shares, compared to its average volume of 44,579,926. The stock has a market cap of $187.09 billion, a PE ratio of 113.28, a P/E/G ratio of 4.38 and a beta of 1.00. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. Intel Co. has a 52-week low of $26.85 and a 52-week high of $51.28. The business has a 50 day moving average price of $43.98 and a 200 day moving average price of $42.01.

Intel (NASDAQ:INTC) last announced its 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. The business had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 EPS. On average, analysts predict that Intel Co. will post 0.64 EPS for the current year.

Intel Dividend Announcement

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

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger acquired 2,800 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were bought at an average cost of $42.74 per share, with a total value of $119,672.00. Following the purchase, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of the stock in a transaction dated 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 purchase, the chief executive officer now directly owns 31,275 shares in the company, valued at approximately $1,336,693.50. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Patrick P. Gelsinger purchased 3,000 shares of the stock in a transaction dated Monday, January 29th. The shares were bought at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the purchase, the chief executive officer now owns 28,475 shares in the company, valued at $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by corporate insiders.

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.