Parisi Gray Wealth Management Decreases Stock Position in Intel Co. (NASDAQ:INTC)


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Parisi Gray Wealth Management decreased its holdings in Intel Co. (NASDAQ:INTC) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,089 shares of the chip maker’s stock after selling 650 shares during the period. Parisi Gray Wealth Management’s holdings in Intel were worth $503,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Global Trust Asset Management LLC grew its holdings in shares of Intel by 1.1% during the 4th quarter. Global Trust Asset Management LLC now owns 15,443 shares of the chip maker’s stock valued at $769,000 after acquiring an additional 175 shares in the last quarter. Berkeley Capital Partners LLC grew its holdings in shares of Intel by 3.2% during the 4th quarter. Berkeley Capital Partners LLC now owns 5,982 shares of the chip maker’s stock valued at $298,000 after acquiring an additional 187 shares in the last quarter. Sugarloaf Wealth Management LLC grew its holdings in shares of Intel by 2.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 7,727 shares of the chip maker’s stock valued at $385,000 after acquiring an additional 196 shares in the last quarter. Unison Advisors LLC grew its holdings in shares of Intel by 0.6% during the 4th quarter. Unison Advisors LLC now owns 32,795 shares of the chip maker’s stock valued at $1,634,000 after acquiring an additional 209 shares in the last quarter. Finally, Bray Capital Advisors grew its holdings in shares of Intel by 13.1% during the 4th quarter. Bray Capital Advisors now owns 1,809 shares of the chip maker’s stock valued at $90,000 after acquiring an additional 210 shares in the last quarter. Institutional investors and hedge funds own 63.25% of the company’s stock.

INTC stock traded down $1.32 during trading on Tuesday, reaching $59.39. 471,768 shares of the company were exchanged, compared to its average volume of 39,641,777. The company has a 50-day moving average of $57.25 and a two-hundred day moving average of $51.11. The company has a market capitalization of $241.30 billion, a price-to-earnings ratio of 11.65, a P/E/G ratio of 1.63 and a beta of 0.74. Intel Co. has a twelve month low of $43.61 and a twelve month high of $65.11. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.66 and a quick ratio of 1.24.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Wednesday, January 20th. The chip maker reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.42. Intel had a net margin of 28.10% and a return on equity of 29.44%. During the same quarter in the previous year, the business posted $1.52 earnings per share. On average, analysts forecast that Intel Co. will post 4.89 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 1st. Stockholders of record on Friday, February 5th will be paid a $0.3475 dividend. This is a positive change from Intel’s previous quarterly dividend of $0.33. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Thursday, February 4th. Intel’s dividend payout ratio is currently 28.54%.

In related news, CFO George S. Davis bought 9,095 shares of the business’s stock in a transaction that occurred on Tuesday, January 26th. The shares were acquired at an average cost of $55.34 per share, with a total value of $503,317.30. Following the completion of the purchase, the chief financial officer now directly owns 71,223 shares in the company, valued at $3,941,480.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert Holmes Swan bought 27,244 shares of the business’s stock in a transaction that occurred on Monday, January 25th. The shares were bought at an average cost of $55.57 per share, for a total transaction of $1,513,949.08. Following the completion of the purchase, the chief executive officer now owns 330,774 shares of the company’s stock, valued at $18,381,111.18. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

A number of brokerages recently issued reports on INTC. Barclays upped their price objective on shares of Intel from $50.00 to $53.00 and gave the stock an “underweight” rating in a report on Friday, January 22nd. Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Monday, January 25th. Cowen upped their price objective on shares of Intel from $75.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, January 22nd. JPMorgan Chase & Co. set a $80.00 price objective on shares of Intel and gave the company a “buy” rating in a research report on Friday, January 22nd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, February 5th. Eleven research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $61.64.

About Intel

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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