MBA Advisors LLC Sells 699 Shares of Intel Co. (NASDAQ:INTC)

MBA Advisors LLC lowered its holdings in shares of Intel Co. (NASDAQ:INTCFree Report) by 10.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 5,815 shares of the chip maker’s stock after selling 699 shares during the period. MBA Advisors LLC’s holdings in Intel were worth $292,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of INTC. CVA Family Office LLC raised its position in shares of 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 buying an additional 808 shares in the last quarter. Vanguard Capital Wealth Advisors raised its position in shares of Intel by 1.3% in the third quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock valued at $1,613,000 after buying an additional 574 shares in the last quarter. Waverly Advisors LLC raised its position in shares of Intel by 14.9% in the third quarter. Waverly Advisors LLC now owns 56,846 shares of the chip maker’s stock valued at $2,021,000 after buying an additional 7,362 shares in the last quarter. Dynamic Advisor Solutions LLC raised its position in shares of Intel by 44.4% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 82,667 shares of the chip maker’s stock valued at $3,876,000 after buying an additional 25,428 shares in the last quarter. Finally, Ghisallo Capital Management LLC acquired a new stake in shares of Intel in the second quarter valued at approximately $5,016,000. Institutional investors own 64.53% of the company’s stock.

Intel Stock Up 0.9 %

NASDAQ:INTC opened at $44.17 on Monday. The company has a market cap of $186.75 billion, a PE ratio of 113.26, a P/E/G ratio of 4.60 and a beta of 1.00. Intel Co. has a twelve month low of $26.85 and a twelve month high of $51.28. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average is $43.81 and its two-hundred day moving average is $42.10.

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

Intel Announces Dividend

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

Analyst Ratings Changes

INTC has been the subject of a number of analyst reports. Cantor Fitzgerald reiterated a “neutral” rating and issued a $50.00 price target on shares of Intel in a research report on Friday, February 2nd. Wedbush restated a “neutral” rating and set a $40.00 price objective on shares of Intel in a research report on Friday, February 16th. The Goldman Sachs Group boosted their price objective 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. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $32.00 to $50.00 in a research report on Friday, December 15th. Finally, Morgan Stanley boosted their price objective on shares of Intel from $39.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Four 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $42.03.

Read Our Latest Analysis on Intel

Insider Activity at Intel

In other news, CEO Patrick P. Gelsinger bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the purchase, 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 legal filing with the SEC, which is available through this hyperlink. In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction on Thursday, February 1st. The stock was bought at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the transaction, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 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 of the company’s stock, valued at approximately $1,234,676. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

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.

Further Reading

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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