Iron Horse Wealth Management LLC Lowers Stake in Intel Co. (NASDAQ:INTC)

Iron Horse Wealth Management LLC cut its holdings in shares of Intel Co. (NASDAQ:INTCFree Report) by 20.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,272 shares of the chip maker’s stock after selling 600 shares during the period. Iron Horse Wealth Management LLC’s holdings in Intel were worth $114,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. CVA Family Office LLC raised its position in Intel by 14.0% in the third quarter. CVA Family Office LLC now owns 6,573 shares of the chip maker’s stock valued at $234,000 after purchasing an additional 808 shares during the period. Vanguard Capital Wealth Advisors boosted its position in 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. Waverly Advisors LLC raised its stake in Intel by 14.9% during the third quarter. Waverly Advisors LLC now owns 56,846 shares of the chip maker’s stock worth $2,021,000 after purchasing an additional 7,362 shares during the period. Dynamic Advisor Solutions LLC raised its stake in Intel by 44.4% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 82,667 shares of the chip maker’s stock worth $3,876,000 after purchasing an additional 25,428 shares during the period. Finally, Ghisallo Capital Management LLC purchased a new position in shares of Intel in the 2nd quarter valued at $5,016,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were purchased at an average price 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 in the company, valued at approximately $1,336,693.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Patrick P. Gelsinger acquired 3,000 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were purchased at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the acquisition, the chief executive officer now directly owns 28,475 shares in the company, valued at $1,234,676. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Patrick P. Gelsinger bought 2,800 shares of Intel stock in a transaction dated Thursday, February 1st. The stock was acquired at an average cost of $42.74 per share, with a total value of $119,672.00. Following the transaction, the chief executive officer now 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 corporate insiders.

Intel Price Performance

NASDAQ:INTC traded up $0.08 during mid-day trading on Monday, reaching $44.25. 15,332,472 shares of the company were exchanged, compared to its average volume of 44,883,719. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28. The company has a fifty day moving average of $43.81 and a 200 day moving average of $42.10. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. The stock has a market cap of $187.09 billion, a PE ratio of 114.08, a PEG ratio of 4.60 and a beta of 1.00.

Intel (NASDAQ:INTCGet Free Report) last released its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $15.16 billion. During the same period in the prior year, the company posted $0.10 EPS. The company’s revenue was up 9.7% compared to the same quarter last year. On average, research analysts anticipate that Intel Co. will post 0.64 EPS for the current fiscal year.

Intel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were given a $0.125 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.13%. Intel’s dividend payout ratio is 128.21%.

Analysts Set New Price Targets

INTC has been the subject of several research reports. Morgan Stanley lifted their price target on shares of Intel from $39.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $32.00 to $50.00 in a report on Friday, December 15th. Benchmark boosted their target price on shares of Intel from $52.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, January 26th. Finally, TD Cowen dropped their target price on shares of Intel from $45.00 to $42.00 and set a “market perform” rating on the stock in a report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $42.43.

View Our Latest Stock Analysis on Intel

Intel Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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