Octavia Wealth Advisors LLC Sells 2,259 Shares of Intel Co. (NASDAQ:INTC)

Octavia Wealth Advisors LLC lessened its position in Intel Co. (NASDAQ:INTC) by 16.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,203 shares of the chip maker’s stock after selling 2,259 shares during the period. Octavia Wealth Advisors LLC’s holdings in Intel were worth $563,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in INTC. DGS Capital Management LLC boosted its stake in shares of Intel by 4.3% during the 4th quarter. DGS Capital Management LLC now owns 10,466 shares of the chip maker’s stock valued at $526,000 after purchasing an additional 436 shares in the last quarter. LifePlan Financial LLC bought a new stake in shares of Intel during the 4th quarter valued at about $826,000. Flputnam Investment Management Co. boosted its stake in shares of Intel by 4.4% during the 4th quarter. Flputnam Investment Management Co. now owns 51,314 shares of the chip maker’s stock valued at $2,579,000 after purchasing an additional 2,175 shares in the last quarter. Capital Analysts LLC boosted its stake in shares of Intel by 24.6% during the 4th quarter. Capital Analysts LLC now owns 15,102 shares of the chip maker’s stock valued at $759,000 after purchasing an additional 2,978 shares in the last quarter. Finally, Keel Point LLC boosted its stake in shares of Intel by 18.4% during the 4th quarter. Keel Point LLC now owns 7,563 shares of the chip maker’s stock valued at $380,000 after purchasing an additional 1,178 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Insider Activity at Intel

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

Intel Stock Performance

Shares of NASDAQ INTC opened at $36.26 on Wednesday. The firm has a 50 day moving average of $42.32 and a 200 day moving average of $42.40. 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 firm has a market capitalization of $153.31 billion, a price-to-earnings ratio of 92.98, a price-to-earnings-growth ratio of 3.21 and a beta of 1.00. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28.

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

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 annualized dividend and a yield of 1.38%. Intel’s dividend payout ratio (DPR) is 128.21%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on INTC shares. Rosenblatt Securities reissued a “sell” rating and set a $17.00 price target on shares of Intel in a research report on Friday, February 23rd. Benchmark reissued a “buy” rating and set a $62.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Cantor Fitzgerald reissued a “neutral” rating and set a $50.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Citigroup lowered their price target on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research report on Monday. Finally, UBS Group lifted their target price on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Four equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Intel presently has a consensus rating of “Hold” and a consensus target price of $42.69.

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.