Occidental Asset Management LLC Decreases Stock Holdings in Intel Co. (NASDAQ:INTC)

Occidental Asset Management LLC decreased its position in Intel Co. (NASDAQ:INTC) by 21.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,539 shares of the chip maker’s stock after selling 2,082 shares during the quarter. Occidental Asset Management LLC’s holdings in Intel were worth $379,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. New Millennium Group LLC boosted its stake in shares of Intel by 87.2% during the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares in the last quarter. Cornerstone Planning Group LLC bought a new stake in Intel during the second quarter worth about $25,000. Legacy Financial Group LLC bought a new stake in Intel during the third quarter worth about $30,000. Milestone Investment Advisors LLC bought a new stake in Intel during the first quarter worth about $32,000. Finally, Raleigh Capital Management Inc. boosted its stake in Intel by 62.8% during the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after acquiring an additional 362 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Activity

In other news, CEO Patrick P. Gelsinger bought 3,000 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was purchased at an average cost of $43.36 per share, with a total value 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 acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was bought at an average price of $42.74 per share, with a total value of $119,672.00. Following the acquisition, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 3,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was bought at an average cost of $43.36 per share, with a total value of $130,080.00. Following the acquisition, the chief executive officer now owns 28,475 shares in the company, 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 Stock Performance

INTC traded up $0.40 during trading on Friday, reaching $44.17. 54,204,194 shares of the company’s stock were exchanged, compared to its average volume of 47,195,528. Intel Co. has a 1 year low of $26.85 and a 1 year high of $51.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. The stock has a market capitalization of $186.75 billion, a P/E ratio of 113.26, a price-to-earnings-growth ratio of 4.56 and a beta of 1.00. The company’s fifty day simple moving average is $43.89 and its 200-day simple moving average is $42.04.

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 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 company had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same period last year, the firm posted $0.10 EPS. Intel’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, research analysts predict that Intel Co. will post 0.64 earnings per share for the current fiscal year.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is 128.21%.

Wall Street Analyst Weigh In

Several research firms recently commented on INTC. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $32.00 to $50.00 in a research note on Friday, December 15th. Morgan Stanley lifted their target price on shares of Intel from $39.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $50.00 target price on shares of Intel in a report on Friday, February 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 26th. Finally, HSBC decreased their target price on shares of Intel from $46.00 to $44.00 and set a “hold” rating for the company in a report on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $41.48.

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.