Imprint Wealth LLC Reduces Stock Holdings in Intel Co. (NASDAQ:INTC)

Imprint Wealth LLC decreased its stake in Intel Co. (NASDAQ:INTC) by 5.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,316 shares of the chip maker’s stock after selling 1,851 shares during the quarter. Intel comprises 1.4% of Imprint Wealth LLC’s portfolio, making the stock its 17th biggest holding. Imprint Wealth LLC’s holdings in Intel were worth $1,724,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Barrett & Company Inc. increased its position in shares of Intel by 6.1% during the fourth quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock worth $184,000 after purchasing an additional 210 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Intel by 3.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock worth $372,000 after buying an additional 216 shares during the last quarter. New Millennium Group LLC grew its holdings 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 buying an additional 231 shares during the last quarter. Waldron Private Wealth LLC grew its holdings in shares of Intel by 0.6% during the fourth quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock worth $2,063,000 after buying an additional 232 shares during the last quarter. Finally, Spreng Capital Management Inc. grew its holdings in shares of Intel by 1.3% during the fourth quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock worth $987,000 after buying an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Trading Down 0.1 %

Shares of Intel stock traded down $0.05 during trading hours on Tuesday, reaching $36.26. 9,034,918 shares of the company’s stock were exchanged, compared to its average volume of 46,691,996. Intel Co. has a 52-week low of $26.85 and a 52-week high of $51.28. The firm has a market capitalization of $153.31 billion, a price-to-earnings ratio of 92.62, a price-to-earnings-growth ratio of 3.16 and a beta of 1.00. The company has a fifty day moving average of $42.45 and a 200-day moving average of $42.39. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share 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% on a year-over-year basis. During the same period last year, the company posted $0.10 EPS. Sell-side analysts forecast that Intel Co. will post 0.62 EPS for the current fiscal year.

Intel Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on INTC. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, January 26th. Citigroup lowered their price objective on Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a report on Monday. Barclays lifted their price objective on Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, January 16th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Intel from $38.00 to $42.00 and gave the company a “hold” rating in a report on Monday, December 18th. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $42.69.

Insider Buying and Selling

In other news, CEO Patrick P. Gelsinger bought 2,800 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average cost of $42.74 per share, with a total value of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Patrick P. Gelsinger purchased 3,000 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the acquisition, the chief executive officer now owns 28,475 shares in the company, valued at $1,234,676. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 2,800 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was bought at an average price of $42.74 per share, with a total value of $119,672.00. Following the completion of the acquisition, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. Corporate 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.