Evanson Asset Management LLC Sells 396 Shares of Intel Co. (NASDAQ:INTC)

Evanson Asset Management LLC decreased its holdings in Intel Co. (NASDAQ:INTC) by 4.0% in the fourth quarter, Holdings Channel reports. The firm owned 9,509 shares of the chip maker’s stock after selling 396 shares during the period. Evanson Asset Management LLC’s holdings in Intel were worth $478,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of INTC. Revolve Wealth Partners LLC grew its position in Intel by 3.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock valued at $372,000 after buying an additional 216 shares in the last quarter. New Millennium Group LLC raised its position 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 purchasing an additional 231 shares during the period. Global Trust Asset Management LLC boosted its position in shares of Intel by 4.1% in 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 period. Carmignac Gestion lifted its stake in Intel by 0.7% during the third quarter. Carmignac Gestion now owns 34,294 shares of the chip maker’s stock valued at $1,219,000 after buying an additional 251 shares in the last quarter. Finally, Frontier Wealth Management LLC increased its position in shares of Intel by 0.5% in the first quarter. Frontier Wealth Management LLC now owns 46,894 shares of the chip maker’s stock worth $2,181,000 after acquiring an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on INTC. Raymond James decreased their price objective 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. Morgan Stanley upped their price target on Intel from $39.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $32.00 to $50.00 in a research report on Friday, December 15th. The Goldman Sachs Group upped their target price on Intel from $34.00 to $39.00 and gave the company a “sell” rating in a report on Friday, January 26th. Finally, Barclays raised their price target 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 research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $41.48.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction on Thursday, February 1st. The shares were purchased at an average price 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 $1,336,693.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Intel news, CEO Patrick P. Gelsinger purchased 2,800 shares of the stock in a transaction dated Thursday, February 1st. The stock was bought at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick P. Gelsinger bought 3,000 shares of the stock in a transaction on Monday, January 29th. The shares were acquired at an average cost of $43.36 per share, with a total value of $130,080.00. Following the acquisition, the chief executive officer now directly owns 28,475 shares in the company, valued at approximately $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is owned by company insiders.

Intel Price Performance

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

Intel (NASDAQ:INTC) last announced 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. 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 the consensus estimate of $15.16 billion. During the same period in the previous year, the business earned $0.10 EPS. Intel’s revenue was up 9.7% compared to the same quarter last year. On average, analysts anticipate that Intel Co. will post 0.64 EPS for the current year.

Intel Announces Dividend

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