Tempus Wealth Planning LLC Sells 415 Shares of Intel Co. (NASDAQ:INTC)

Tempus Wealth Planning LLC lessened its stake in Intel Co. (NASDAQ:INTC) by 4.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,727 shares of the chip maker’s stock after selling 415 shares during the period. Tempus Wealth Planning LLC’s holdings in Intel were worth $385,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. New Millennium Group LLC lifted its holdings in Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after acquiring an additional 231 shares during the period. Burkett Financial Services LLC purchased a new position in shares of Intel in the fourth quarter worth approximately $27,000. Frazier Financial Advisors LLC bought a new stake in Intel during the fourth quarter valued at about $27,000. Tributary Capital Management LLC bought a new position in shares of Intel in the first quarter worth approximately $27,000. Finally, Valued Wealth Advisors LLC bought a new position in Intel in the 4th quarter worth $36,000. 64.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on INTC. UBS Group boosted their price objective on Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Monday, April 1st. Jefferies Financial Group began coverage on Intel in a research note on Monday, May 13th. They issued a “hold” rating and a $34.00 price target for the company. Susquehanna reduced their price objective on shares of Intel from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, April 26th. HSBC lowered their target price on shares of Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. Finally, Roth Mkm reduced their price target on shares of Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel has a consensus rating of “Hold” and an average target price of $39.58.

Intel Trading Up 0.5 %

INTC opened at $31.23 on Friday. The stock’s 50 day moving average price is $30.81 and its 200-day moving average price is $39.14. Intel Co. has a one year low of $29.73 and a one year high of $51.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The stock has a market cap of $132.95 billion, a price-to-earnings ratio of 32.53, a P/E/G ratio of 14.89 and a beta of 1.05.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 25th. The chip maker reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The company had revenue of $12.72 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%. On average, equities analysts forecast that Intel Co. will post 0.09 EPS for the current year.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th were issued a dividend of $0.125 per share. The ex-dividend date was Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.60%. Intel’s dividend payout ratio is currently 52.08%.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger purchased 4,000 shares of Intel stock in a transaction dated Monday, April 29th. The stock was purchased at an average cost of $31.42 per share, with a total value of $125,680.00. Following the transaction, the chief executive officer now owns 35,275 shares in the company, valued at approximately $1,108,340.50. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In other Intel news, CEO Patrick P. Gelsinger purchased 4,100 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was bought at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the purchase, the chief executive officer now owns 39,375 shares in the company, valued at approximately $1,192,668.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick P. Gelsinger purchased 4,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were bought at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the purchase, the chief executive officer now directly owns 35,275 shares in the company, valued at approximately $1,108,340.50. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

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.