Cypress Wealth Services LLC Lowers Stock Position in Intel Co. (NASDAQ:INTC)

Cypress Wealth Services LLC reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 4.5% during the first quarter, Holdings Channel reports. The institutional investor owned 9,054 shares of the chip maker’s stock after selling 426 shares during the period. Cypress Wealth Services LLC’s holdings in Intel were worth $400,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Buckley Wealth Management LLC lifted its holdings in Intel by 15.9% in the 1st quarter. Buckley Wealth Management LLC now owns 154,043 shares of the chip maker’s stock worth $6,804,000 after purchasing an additional 21,118 shares in the last quarter. Baugh & Associates LLC lifted its holdings in Intel by 5.7% in the 1st quarter. Baugh & Associates LLC now owns 133,757 shares of the chip maker’s stock worth $5,908,000 after purchasing an additional 7,272 shares in the last quarter. 180 Wealth Advisors LLC lifted its holdings in Intel by 3.5% in the 1st quarter. 180 Wealth Advisors LLC now owns 39,613 shares of the chip maker’s stock worth $1,750,000 after purchasing an additional 1,343 shares in the last quarter. Thrive Wealth Management LLC lifted its holdings in Intel by 8.2% in the 1st quarter. Thrive Wealth Management LLC now owns 12,147 shares of the chip maker’s stock worth $537,000 after purchasing an additional 921 shares in the last quarter. Finally, Procyon Advisors LLC lifted its holdings in Intel by 2.8% in the 1st quarter. Procyon Advisors LLC now owns 61,221 shares of the chip maker’s stock worth $2,704,000 after purchasing an additional 1,651 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Evercore ISI lowered their price target on Intel from $40.00 to $36.00 and set an “in-line” rating on the stock in a report on Friday, April 26th. The Goldman Sachs Group reduced their price objective on Intel from $34.00 to $30.00 and set a “sell” rating on the stock in a research note on Thursday, May 9th. Truist Financial reduced their price objective on Intel from $45.00 to $33.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. Roth Mkm reduced their price objective on Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, April 26th. Finally, Sanford C. Bernstein reduced their price objective on Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a research note on Friday, April 26th. Three analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Intel has a consensus rating of “Hold” and a consensus price target of $39.58.

Intel Stock Performance

Shares of INTC stock traded up $0.05 during mid-day trading on Thursday, reaching $30.59. The stock had a trading volume of 30,161,325 shares, compared to its average volume of 46,878,305. The business’s fifty day moving average is $31.24 and its 200-day moving average is $39.68. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The firm has a market cap of $130.22 billion, a price-to-earnings ratio of 31.89, a PEG ratio of 14.65 and a beta of 1.06. Intel Co. has a 1-year low of $29.73 and a 1-year high of $51.28.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, April 25th. The chip maker reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The firm had revenue of $12.72 billion during the quarter, compared to analyst estimates of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%. On average, research analysts forecast that Intel Co. will post 0.09 earnings per share for the current year.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s dividend payout ratio (DPR) is 52.08%.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger bought 4,100 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were purchased at an average cost of $30.29 per share, with a total value of $124,189.00. Following the completion of the acquisition, the chief executive officer now directly owns 39,375 shares in the company, valued at $1,192,668.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Intel news, CEO Patrick P. Gelsinger purchased 4,000 shares of the stock in a transaction on Monday, April 29th. The shares were bought at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the transaction, the chief executive officer now owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick P. Gelsinger purchased 4,100 shares of the stock in a transaction on Wednesday, May 1st. The shares were acquired at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the transaction, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is owned by corporate insiders.

Intel 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.