Kiley Juergens Wealth Management LLC Lowers Stock Position in Intel Co. (NASDAQ:INTC)

Kiley Juergens Wealth Management LLC reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,620 shares of the chip maker’s stock after selling 397 shares during the period. Kiley Juergens Wealth Management LLC’s holdings in Intel were worth $2,192,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Tyche Wealth Partners LLC purchased a new position in Intel in the 4th quarter worth approximately $570,000. Allen Capital Group LLC lifted its holdings in Intel by 2.3% in the 4th quarter. Allen Capital Group LLC now owns 132,730 shares of the chip maker’s stock worth $6,670,000 after purchasing an additional 2,966 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Intel by 23.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,883,056 shares of the chip maker’s stock worth $94,624,000 after purchasing an additional 358,196 shares in the last quarter. Main Street Research LLC lifted its holdings in Intel by 4.7% in the 4th quarter. Main Street Research LLC now owns 7,379 shares of the chip maker’s stock worth $371,000 after purchasing an additional 329 shares in the last quarter. Finally, DGS Capital Management LLC lifted its holdings in Intel by 4.3% in the 4th quarter. DGS Capital Management LLC now owns 10,466 shares of the chip maker’s stock worth $526,000 after purchasing an additional 436 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on INTC. Morgan Stanley lifted their price objective on Intel from $39.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Bank of America reduced their price objective on Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft lifted their price objective on Intel from $38.00 to $42.00 and gave the stock a “hold” rating in a research note on Monday, December 18th. Barclays lifted their price objective on Intel from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 16th. Finally, Susquehanna reissued a “neutral” rating and set a $42.00 target price on shares of Intel in a research report on Thursday, April 4th. Four research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $42.69.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger bought 2,800 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were purchased at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the acquisition, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. 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 2,800 shares of the stock in a transaction on Thursday, February 1st. The shares were bought at an average price 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 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 3,000 shares of the stock in a transaction on Monday, January 29th. The shares were acquired at an average price of $43.36 per share, for a total transaction of $130,080.00. Following 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. 0.04% of the stock is owned by corporate insiders.

Intel Stock Performance

Shares of INTC stock traded down $0.05 during mid-day trading on Tuesday, reaching $36.26. The stock had a trading volume of 30,577,853 shares, compared to its average volume of 47,000,832. The firm has a market cap of $153.31 billion, a price-to-earnings ratio of 93.26, a PEG ratio of 3.16 and a beta of 1.00. Intel Co. has a 1-year low of $26.85 and a 1-year high of $51.28. The business’s fifty day moving average is $42.45 and its 200-day moving average is $42.39. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.27 by $0.27. The firm had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. Intel’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the company earned $0.10 earnings per share. On average, research analysts forecast that Intel Co. will post 0.62 earnings per share for the current year.

Intel Dividend Announcement

The business also recently announced 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. This represents a $0.50 annualized dividend and a yield of 1.38%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) 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.