Weaver Consulting Group Has $606,000 Stock Position in Intel Co. (NASDAQ:INTC)

Weaver Consulting Group trimmed its position in Intel Co. (NASDAQ:INTCFree Report) by 3.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,064 shares of the chip maker’s stock after selling 372 shares during the period. Weaver Consulting Group’s holdings in Intel were worth $606,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. New Millennium Group LLC raised its stake in shares of Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after acquiring an additional 231 shares during the last quarter. Cornerstone Planning Group LLC bought a new stake in shares of Intel in the 2nd quarter valued at about $25,000. Legacy Financial Group LLC bought a new position in shares of Intel during the third quarter worth about $30,000. Milestone Investment Advisors LLC acquired a new position in shares of Intel in the first quarter worth approximately $32,000. Finally, Raleigh Capital Management Inc. boosted its holdings in Intel by 62.8% in 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. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Price Performance

NASDAQ INTC opened at $45.07 on Monday. 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 Co. has a 1-year low of $26.85 and a 1-year high of $51.28. The stock has a market capitalization of $190.56 billion, a price-to-earnings ratio of 113.72, a PEG ratio of 4.60 and a beta of 1.00. The business’s fifty day moving average price is $43.81 and its 200-day moving average price is $42.10.

Intel (NASDAQ:INTCGet Free Report) 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. 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 quarter last year, the firm posted $0.10 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year. On average, equities analysts predict that Intel Co. will post 0.64 earnings per share for the current 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 issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 annualized dividend and a yield of 1.11%. Intel’s payout ratio is 128.21%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on INTC shares. Mizuho cut their price target on Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 26th. Susquehanna increased their price objective on Intel from $38.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, January 18th. Barclays upped their price target on Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 16th. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $32.00 to $50.00 in a research note on Friday, December 15th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $50.00 price objective on shares of Intel in a research report on Friday, February 2nd. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $42.03.

Check Out Our Latest Research Report on INTC

Insider Buying and Selling

In other news, CEO Patrick P. Gelsinger acquired 3,000 shares of Intel stock in a transaction 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 acquisition, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger purchased 2,800 shares of the stock in a transaction on Thursday, February 1st. The stock was acquired 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 owns 31,275 shares in the company, valued at $1,336,693.50. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were 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 owns 28,475 shares of the company’s stock, valued at $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by corporate insiders.

About Intel

(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.

See Also

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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