Parisi Gray Wealth Management Sells 240 Shares of Intel Co. (NASDAQ:INTC)

Parisi Gray Wealth Management lowered its position in Intel Co. (NASDAQ:INTC) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,805 shares of the chip maker’s stock after selling 240 shares during the quarter. Parisi Gray Wealth Management’s holdings in Intel were worth $442,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Revolve Wealth Partners LLC boosted its holdings in shares of Intel by 3.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock valued at $372,000 after acquiring an additional 216 shares in the last quarter. New Millennium Group LLC increased its position in Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after buying an additional 231 shares in the last quarter. Global Trust Asset Management LLC boosted its stake in Intel by 4.1% during the 4th quarter. Global Trust Asset Management LLC now owns 6,253 shares of the chip maker’s stock valued at $314,000 after purchasing an additional 249 shares during the last quarter. Carmignac Gestion boosted its stake in shares of Intel by 0.7% in the 3rd quarter. Carmignac Gestion now owns 34,294 shares of the chip maker’s stock worth $1,219,000 after buying an additional 251 shares during the last quarter. Finally, Frontier Wealth Management LLC lifted its stake in Intel by 0.5% in the first quarter. Frontier Wealth Management LLC now owns 46,894 shares of the chip maker’s stock valued at $2,181,000 after purchasing an additional 253 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger acquired 2,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average cost of $42.74 per share, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Patrick P. Gelsinger purchased 2,800 shares of the company’s stock in a transaction that occurred on 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 acquisition, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of the company’s stock in a transaction 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 completion of the acquisition, the chief executive officer now directly owns 28,475 shares in the company, valued at $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Susquehanna upped their price target on shares of Intel from $38.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, January 18th. Raymond James decreased their target price on shares of Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. The Goldman Sachs Group raised their price target on shares of Intel from $34.00 to $39.00 and gave the company a “sell” rating in a research report on Friday, January 26th. Wedbush restated a “neutral” rating and issued a $40.00 target price on shares of Intel in a report on Friday, February 16th. Finally, Barclays raised their target price on shares of Intel from $32.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 16th. Four equities research 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $41.48.

Intel Stock Up 1.1 %

Shares of NASDAQ INTC traded up $0.48 during trading hours on Thursday, hitting $44.25. The stock had a trading volume of 6,206,636 shares, compared to its average volume of 44,579,926. The company has a market capitalization of $187.09 billion, a P/E ratio of 113.28, a P/E/G ratio of 4.38 and a beta of 1.00. The firm’s 50-day moving average price is $43.98 and its two-hundred day moving average price is $42.01. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54.

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

Intel Dividend Announcement

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

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.