Wealth Alliance Sells 862 Shares of Intel Co. (NASDAQ:INTC)

Wealth Alliance trimmed its position in Intel Co. (NASDAQ:INTC) by 5.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,948 shares of the chip maker’s stock after selling 862 shares during the quarter. Wealth Alliance’s holdings in Intel were worth $751,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. CVA Family Office LLC raised its holdings in Intel by 14.0% in the 3rd quarter. CVA Family Office LLC now owns 6,573 shares of the chip maker’s stock valued at $234,000 after acquiring an additional 808 shares during the period. Altus Wealth Group LLC raised 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 acquiring an additional 5,759 shares during the period. Alera Investment Advisors LLC bought a new position in Intel in the 4th quarter valued at about $201,000. Vanguard Capital Wealth Advisors increased its holdings 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 during the period. Finally, Waverly Advisors LLC increased its holdings in shares of Intel by 14.9% during the third quarter. Waverly Advisors LLC now owns 56,846 shares of the chip maker’s stock worth $2,021,000 after purchasing an additional 7,362 shares during the period. 64.53% of the stock is owned by institutional investors.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of the firm’s stock in a transaction on 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 completion of the purchase, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Patrick P. Gelsinger bought 2,800 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were purchased at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the purchase, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Patrick P. Gelsinger bought 3,000 shares of the company’s stock in a transaction on Monday, January 29th. The stock was bought at an average price 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 of the company’s stock, valued at $1,234,676. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Intel Price Performance

Shares of NASDAQ:INTC opened at $36.26 on Wednesday. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28. The firm’s fifty day moving average is $42.32 and its 200-day moving average is $42.40. The firm has a market cap of $153.31 billion, a PE ratio of 92.98, a price-to-earnings-growth ratio of 3.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter last year, the firm earned $0.10 earnings per share. Intel’s quarterly revenue was up 9.7% on a year-over-year basis. Sell-side analysts predict that Intel Co. will post 0.62 earnings per share for the current 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 paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s dividend payout ratio is presently 128.21%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Barclays raised their target price on shares of Intel from $32.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 16th. Wells Fargo & Company lowered their target price on shares of Intel from $48.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 9th. TD Cowen lowered their target price on shares of Intel from $45.00 to $42.00 and set a “market perform” rating on the stock in a report on Friday, January 26th. Citigroup lowered their target price on shares of Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $45.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Four research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Intel has an average rating of “Hold” and an average target price of $42.69.

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.