Larson Financial Group LLC Sells 5,222 Shares of Intel Co. (NASDAQ:INTC)

Larson Financial Group LLC lessened its stake in Intel Co. (NASDAQ:INTC) by 25.4% during the fourth quarter, HoldingsChannel reports. The firm owned 15,374 shares of the chip maker’s stock after selling 5,222 shares during the period. Larson Financial Group LLC’s holdings in Intel were worth $773,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. SC&H Financial Advisors Inc. bought a new stake in shares of Intel in the 4th quarter worth approximately $240,000. PDS Planning Inc raised its holdings in shares of Intel by 7.8% in the 4th quarter. PDS Planning Inc now owns 21,988 shares of the chip maker’s stock worth $1,105,000 after purchasing an additional 1,593 shares during the period. 1900 Wealth Management LLC bought a new stake in shares of Intel in the 4th quarter worth approximately $206,000. California Public Employees Retirement System raised its holdings in shares of Intel by 102.6% in the 4th quarter. California Public Employees Retirement System now owns 16,074,760 shares of the chip maker’s stock worth $807,757,000 after purchasing an additional 8,140,835 shares during the period. Finally, Gimbal Financial bought a new stake in Intel during the 4th quarter valued at $447,000. Institutional investors own 64.53% of the company’s stock.

Insider Activity at Intel

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on INTC. 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, April 15th. TD Cowen lowered their price objective on Intel from $45.00 to $42.00 and set a “market perform” rating on the stock in a research report on Friday, January 26th. Bank of America lowered their price objective on Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. Susquehanna reduced their target price on Intel from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 17th. Finally, UBS Group increased their target price on Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Monday, April 1st. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.38.

Intel Price Performance

Shares of INTC traded down $0.01 during trading hours on Tuesday, reaching $34.40. 18,959,788 shares of the stock traded hands, compared to its average volume of 46,558,031. The company has a current ratio of 1.54, a quick ratio of 1.15 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 company’s 50-day moving average price is $41.66 and its two-hundred day moving average price is $42.37. The company has a market cap of $145.44 billion, a P/E ratio of 88.03, a price-to-earnings-growth ratio of 3.07 and a beta of 1.00.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 EPS. On average, analysts anticipate that Intel Co. will post 0.61 earnings per share for the current year.

Intel Announces Dividend

The firm also recently disclosed 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 yield of 1.45%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s 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.