Peterson Wealth Services Sells 660 Shares of Intel Co. (NASDAQ:INTC)

Peterson Wealth Services decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,410 shares of the chip maker’s stock after selling 660 shares during the quarter. Intel comprises approximately 2.2% of Peterson Wealth Services’ holdings, making the stock its 12th largest position. Peterson Wealth Services’ holdings in Intel were worth $5,147,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. New Millennium Group LLC raised its holdings in Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after acquiring an additional 231 shares in the last quarter. Cornerstone Planning Group LLC acquired a new position in Intel in the 2nd quarter valued at approximately $25,000. Legacy Financial Group LLC acquired a new position in Intel in the 3rd quarter valued at approximately $30,000. Milestone Investment Advisors LLC acquired a new position in Intel in the 1st quarter valued at approximately $32,000. Finally, Raleigh Capital Management Inc. raised its holdings in Intel by 62.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after acquiring an additional 362 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on INTC shares. Morgan Stanley increased their target price on Intel from $39.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 target price on shares of Intel in a report on Wednesday, April 3rd. TD Cowen dropped their target price on Intel from $45.00 to $42.00 and set a “market perform” rating for the company in a report on Friday, January 26th. Barclays increased their target price on Intel from $32.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 16th. Finally, UBS Group increased their target price on Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Four analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $42.62.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of Intel stock in a transaction dated 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 transaction, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Intel 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 price 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were acquired 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 directly owns 28,475 shares in the company, valued at approximately $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is owned by corporate insiders.

Intel Trading Down 0.4 %

INTC traded down $0.15 during mid-day trading on Thursday, reaching $35.53. The stock had a trading volume of 7,705,912 shares, compared to its average volume of 46,371,820. The stock has a market capitalization of $150.22 billion, a P/E ratio of 91.49, a P/E/G 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. The firm’s fifty day simple moving average is $42.18 and its two-hundred day simple moving average is $42.35. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, topping 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 business had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same period last year, the company earned $0.10 EPS. The firm’s revenue was up 9.7% on a year-over-year basis. On average, equities analysts predict that Intel Co. will post 0.62 EPS for the current year.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.41%. Intel’s dividend payout ratio is currently 128.21%.

Intel 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.