Intel Co. (NASDAQ:INTC) Shares Sold by Schwarz Dygos Wheeler Investment Advisors LLC

Schwarz Dygos Wheeler Investment Advisors LLC trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,958 shares of the chip maker’s stock after selling 444 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Intel were worth $400,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of INTC. Slow Capital Inc. grew its position in shares of Intel by 0.9% during the fourth quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock worth $2,749,000 after acquiring an additional 508 shares during the last quarter. Altus Wealth Group LLC grew its position in shares of Intel by 29.4% during the fourth quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after acquiring an additional 5,759 shares during the last quarter. Alera Investment Advisors LLC bought a new position in shares of Intel during the fourth quarter worth about $201,000. Vanguard Capital Wealth Advisors grew its position 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 acquiring an additional 574 shares during the last quarter. Finally, Prosperity Wealth Management Inc. bought a new position in shares of Intel during the fourth quarter worth about $293,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on INTC. The Goldman Sachs Group lowered their price target on shares of Intel from $39.00 to $34.00 and set a “sell” rating for the company in a research report on Friday. Mizuho decreased their target price on shares of Intel from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Friday. Truist Financial decreased their target price on shares of Intel from $45.00 to $33.00 and set a “hold” rating for the company in a research report on Friday. Morgan Stanley decreased their target price on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Citigroup decreased their target price on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research report on Monday, April 15th. Four research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Intel presently has a consensus rating of “Hold” and an average target price of $39.75.

Intel Stock Down 9.2 %

NASDAQ:INTC traded down $3.23 during mid-day trading on Friday, reaching $31.88. The stock had a trading volume of 119,742,494 shares, compared to its average volume of 50,613,192. The business’s 50 day moving average is $40.88 and its 200 day moving average is $42.23. Intel Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28. The stock has a market cap of $134.79 billion, a P/E ratio of 33.21, a PEG ratio of 3.19 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. Intel had a net margin of 7.36% and a return on equity of 2.22%. The company had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same quarter last year, the firm posted $0.10 earnings per share. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, sell-side analysts predict that Intel Co. will post 0.6 earnings per share for the current year.

Intel Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio is 52.08%.

Insider Activity

In other news, CEO Patrick P. Gelsinger purchased 2,800 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were bought at an average price of $42.74 per share, with a total value of $119,672.00. Following the completion of the transaction, the chief executive officer now directly owns 31,275 shares in the company, valued at approximately $1,336,693.50. The purchase was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Patrick P. Gelsinger bought 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 completion of the transaction, the chief executive officer now 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 Securities & Exchange Commission, which can be accessed through this link. Also, CEO Patrick P. Gelsinger bought 3,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the transaction, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

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.