Intel Co. (NASDAQ:INTC) Shares Sold by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC lowered its position in shares of Intel Co. (NASDAQ:INTC) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,378 shares of the chip maker’s stock after selling 728 shares during the period. Brown Miller Wealth Management LLC’s holdings in Intel were worth $672,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. New Millennium Group LLC grew its holdings 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 worth $25,000 after buying an additional 231 shares during the last quarter. Cornerstone Planning Group LLC acquired a new position in shares of Intel in the second quarter valued at approximately $25,000. Legacy Financial Group LLC purchased a new stake in shares of Intel during the third quarter worth approximately $30,000. Milestone Investment Advisors LLC purchased a new position in Intel in the 1st quarter valued at $32,000. Finally, Raleigh Capital Management Inc. increased its stake in Intel by 62.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after buying an additional 362 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

INTC has been the topic of several analyst reports. TD Cowen lowered 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. Rosenblatt Securities restated a “sell” rating and issued a $17.00 price target on shares of Intel in a research note on Friday, February 23rd. Raymond James cut their price objective on Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Barclays boosted their target price on shares of Intel from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Finally, HSBC reduced their price objective on shares of Intel from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Friday, January 26th. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Intel has a consensus rating of “Hold” and an average price target of $41.48.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction on Thursday, February 1st. The stock was purchased at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the purchase, the chief executive officer now directly 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 accessible through the SEC website. In other Intel news, CEO Patrick P. Gelsinger purchased 3,000 shares of the stock in a transaction dated Monday, January 29th. The shares were bought at an average price of $43.36 per share, with a total value of $130,080.00. Following the completion of the transaction, the chief executive officer now directly owns 28,475 shares in the company, valued at approximately $1,234,676. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the stock in a transaction on Thursday, February 1st. The shares were acquired at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the acquisition, the chief executive officer now directly owns 31,275 shares in the company, valued at $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 Stock Up 0.9 %

INTC traded up $0.40 during midday trading on Thursday, hitting $44.17. The company had a trading volume of 54,190,598 shares, compared to its average volume of 45,376,137. The company has a market capitalization of $186.75 billion, a price-to-earnings ratio of 113.26, a PEG ratio of 4.38 and a beta of 1.00. The stock’s 50 day moving average price is $43.94 and its 200 day moving average price is $42.03. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The business had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the prior year, the company earned $0.10 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. On average, research analysts anticipate that Intel Co. will post 0.64 earnings per share for the current fiscal year.

Intel Announces Dividend

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

About Intel

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.