B. Riley Wealth Advisors Inc. Decreases Stake in Intel Co. (NASDAQ:INTC)

B. Riley Wealth Advisors Inc. lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 114,262 shares of the chip maker’s stock after selling 11,236 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Intel were worth $5,742,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of INTC. Slow Capital Inc. raised its position in Intel by 0.9% in the fourth quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock valued at $2,749,000 after purchasing an additional 508 shares during the period. Altus Wealth Group LLC increased its position in shares of Intel by 29.4% in the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock valued at $1,272,000 after purchasing an additional 5,759 shares during the last quarter. Orion Portfolio Solutions LLC raised its holdings in shares of Intel by 3.1% in the 4th quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock valued at $4,764,000 after purchasing an additional 2,915 shares in the last quarter. Alera Investment Advisors LLC acquired a new stake in Intel in the fourth quarter valued at $201,000. Finally, Callan Capital LLC boosted its position in shares of Intel by 9.1% during the 4th quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock worth $884,000 after acquiring an additional 1,474 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Price Performance

Intel stock opened at $30.98 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. Intel Co. has a 1 year low of $29.73 and a 1 year high of $51.28. The firm has a 50 day moving average price of $32.08 and a 200 day moving average price of $40.24. The company has a market cap of $131.88 billion, a price-to-earnings ratio of 32.27, a PEG ratio of 14.52 and a beta of 1.06.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The firm had revenue of $12.72 billion during the quarter, compared to analyst estimates of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. Sell-side analysts predict that Intel Co. will post 0.09 earnings per share for the current year.

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were issued a $0.125 dividend. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.61%. Intel’s dividend payout ratio (DPR) is 52.08%.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger purchased 4,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the acquisition, 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 filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Patrick P. Gelsinger bought 4,100 shares of Intel stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average price 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 $1,192,668.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger bought 4,000 shares of Intel stock in a transaction dated Monday, April 29th. The stock was purchased 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. 0.04% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

INTC has been the subject of several research analyst reports. StockNews.com upgraded shares of Intel from a “sell” rating to a “hold” rating in a report on Tuesday. Benchmark reissued a “buy” rating and set a $62.00 price target on shares of Intel in a report on Wednesday, April 3rd. Susquehanna lowered their target price on Intel from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, April 26th. TD Cowen cut their price target on Intel from $42.00 to $35.00 and set a “hold” rating for the company in a research note on Friday, April 26th. Finally, Barclays cut their price objective on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $39.58.

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.