Marks Group Wealth Management Inc Has $2.17 Million Stock Position in Intel Co. (NASDAQ:INTC)

Marks Group Wealth Management Inc lessened its position in Intel Co. (NASDAQ:INTC) by 7.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,253 shares of the chip maker’s stock after selling 3,278 shares during the period. Marks Group Wealth Management Inc’s holdings in Intel were worth $2,173,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of INTC. New Millennium Group LLC lifted its position in shares of Intel by 87.2% in 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. Legacy Financial Group LLC acquired a new position in Intel in the third quarter valued at $30,000. Raleigh Capital Management Inc. boosted its position in Intel by 62.8% during the third 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 during the last quarter. Valued Wealth Advisors LLC acquired a new stake in Intel during the 4th quarter worth about $36,000. Finally, Briaud Financial Planning Inc bought a new position in shares of Intel in the 3rd quarter worth about $40,000. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

Shares of NASDAQ INTC traded up $0.01 during midday trading on Tuesday, hitting $34.42. 21,207,314 shares of the company’s stock were exchanged, compared to its average volume of 46,584,617. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. The business’s fifty 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 $145.53 billion, a price-to-earnings ratio of 88.03, a PEG ratio of 3.07 and a beta of 1.00. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. The firm had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 EPS. As a group, research analysts forecast that Intel Co. will post 0.61 EPS for the current fiscal year.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.45%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio is presently 128.21%.

Analyst Ratings Changes

Several brokerages have recently commented on INTC. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, January 26th. Wedbush restated a “neutral” rating and issued a $40.00 target price on shares of Intel in a research note on Wednesday, April 17th. HSBC decreased their target price on Intel from $44.00 to $37.00 and set a “hold” rating for the company in a research report on Tuesday. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Friday, February 23rd. Finally, Raymond James decreased their price objective on Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a report on Friday, January 26th. Four 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, Intel currently has a consensus rating of “Hold” and an average price target of $42.38.

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction dated Thursday, February 1st. The shares were 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 of the company’s stock, valued at $1,336,693.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Patrick P. Gelsinger acquired 3,000 shares of Intel stock in a transaction dated Monday, January 29th. The shares were 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 of the company’s stock, valued at $1,234,676. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction dated Thursday, February 1st. The shares were bought 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 of the company’s stock, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.

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.