Jacobs & Co. CA Sells 3,250 Shares of Intel Co. (NASDAQ:INTC)

Jacobs & Co. CA reduced its stake in Intel Co. (NASDAQ:INTC) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 293,919 shares of the chip maker’s stock after selling 3,250 shares during the quarter. Intel makes up approximately 1.7% of Jacobs & Co. CA’s investment portfolio, making the stock its 13th biggest position. Jacobs & Co. CA’s holdings in Intel were worth $14,769,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. CVA Family Office LLC raised its position in shares of Intel by 14.0% during the 3rd quarter. CVA Family Office LLC now owns 6,573 shares of the chip maker’s stock worth $234,000 after purchasing an additional 808 shares during the last quarter. Shepherd Financial Partners LLC increased its stake in shares of Intel by 3.4% during the second quarter. Shepherd Financial Partners LLC now owns 18,339 shares of the chip maker’s stock worth $613,000 after acquiring an additional 607 shares during the period. Vanguard Capital Wealth Advisors lifted its holdings in shares of Intel by 1.3% in the third quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock valued at $1,613,000 after purchasing an additional 574 shares in the last quarter. Waverly Advisors LLC raised its stake in Intel by 14.9% during the third quarter. Waverly Advisors LLC now owns 56,846 shares of the chip maker’s stock worth $2,021,000 after purchasing an additional 7,362 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its holdings in Intel by 44.4% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 82,667 shares of the chip maker’s stock valued at $3,876,000 after purchasing an additional 25,428 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Shares of INTC stock opened at $43.77 on Thursday. The company’s 50-day moving average is $43.98 and its 200 day moving average is $42.01. Intel Co. has a one year low of $26.85 and a one year high of $51.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The company has a market capitalization of $185.06 billion, a price-to-earnings ratio of 112.23, a price-to-earnings-growth ratio of 4.38 and a beta of 1.00.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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 business 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%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 EPS. Sell-side analysts expect that Intel Co. will post 0.64 EPS for the current fiscal year.

Intel Announces Dividend

The business also recently declared 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. This represents a $0.50 annualized dividend and a yield of 1.14%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is 128.21%.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of the stock in a transaction dated Thursday, February 1st. The shares were acquired at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the purchase, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of the firm’s stock in a transaction that occurred 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 $1,336,693.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 purchase, the chief executive officer now 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 currently owned by corporate insiders.

Analyst Upgrades and Downgrades

INTC has been the topic of several recent research reports. The Goldman Sachs Group lifted their price objective on shares of Intel from $34.00 to $39.00 and gave the stock a “sell” rating in a research note on Friday, January 26th. Wells Fargo & Company reduced their price objective on shares of Intel from $52.00 to $48.00 and set an “equal weight” rating for the company in a research report on Friday, January 26th. Truist Financial lowered their target price on Intel from $47.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday, January 26th. HSBC lowered their price target on Intel from $46.00 to $44.00 and set a “hold” rating on the stock in a report on Friday, January 26th. Finally, Barclays boosted their target price on Intel from $32.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 16th. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $41.48.

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.