Alpha Omega Wealth Management LLC Sells 31,115 Shares of Intel Co. (NASDAQ:INTC)

Alpha Omega Wealth Management LLC lessened its holdings in Intel Co. (NASDAQ:INTC) by 16.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 154,459 shares of the chip maker’s stock after selling 31,115 shares during the period. Intel comprises approximately 1.3% of Alpha Omega Wealth Management LLC’s holdings, making the stock its 15th biggest position. Alpha Omega Wealth Management LLC’s holdings in Intel were worth $7,762,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in INTC. Moneta Group Investment Advisors LLC lifted its stake in shares of Intel by 100,953.1% in 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 purchasing an additional 51,083,262 shares during the period. Norges Bank purchased a new stake in Intel in the 4th quarter worth approximately $1,092,939,000. Clearbridge Investments LLC increased its holdings in Intel by 4,407.3% in the 1st quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker’s stock worth $814,727,000 after acquiring an additional 16,074,485 shares in the last quarter. Barclays PLC increased its holdings in Intel by 171.1% in the 2nd quarter. Barclays PLC now owns 21,404,715 shares of the chip maker’s stock worth $715,773,000 after acquiring an additional 13,507,774 shares in the last quarter. Finally, Morgan Stanley increased its holdings in Intel by 29.8% in the 4th quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker’s stock worth $1,409,835,000 after acquiring an additional 12,241,200 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger bought 2,800 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly 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 SEC, which is accessible through this link. In other Intel news, CEO Patrick P. Gelsinger bought 2,800 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly 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 SEC, which is accessible through this link. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of Intel 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 completion of the purchase, the chief executive officer now owns 28,475 shares in the company, valued at approximately $1,234,676. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on INTC shares. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, January 26th. Barclays increased their price objective on shares of Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, January 16th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $50.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Mizuho cut their target price on shares of Intel from $58.00 to $55.00 and set a “buy” rating for the company in a report on Friday, January 26th. Finally, The Goldman Sachs Group raised their target price on shares of Intel from $34.00 to $39.00 and gave the company a “sell” rating in a report on Friday, January 26th. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $42.69.

Intel Stock Down 1.3 %

INTC traded down $0.46 on Wednesday, hitting $35.80. The company had a trading volume of 17,887,671 shares, compared to its average volume of 46,593,965. The stock has a fifty day moving average price of $42.32 and a 200-day moving average price of $42.40. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The stock has a market capitalization of $151.36 billion, a price-to-earnings ratio of 92.03, a P/E/G ratio of 3.21 and a beta of 1.00.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The company had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. Analysts predict that Intel Co. will post 0.62 EPS for the current fiscal year.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is 128.21%.

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.