Intel Co. (NASDAQ:INTC) Shares Sold by Jacobs & Co. CA

Jacobs & Co. CA lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 293,919 shares of the chip maker’s stock after selling 3,250 shares during the quarter. Intel comprises about 1.7% of Jacobs & Co. CA’s holdings, making the stock its 13th largest position. Jacobs & Co. CA’s holdings in Intel were worth $14,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Intel by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 381,109,738 shares of the chip maker’s stock valued at $13,548,451,000 after purchasing an additional 1,624,453 shares during the last quarter. State Street Corp increased its stake in shares of Intel by 1.2% during the second quarter. State Street Corp now owns 181,557,033 shares of the chip maker’s stock worth $6,071,267,000 after acquiring an additional 2,237,616 shares during the period. Primecap Management Co. CA raised its stake in Intel by 6.0% during the third quarter. Primecap Management Co. CA now owns 74,762,291 shares of the chip maker’s stock worth $2,657,799,000 after purchasing an additional 4,226,790 shares during the period. Morgan Stanley grew its holdings in Intel by 29.8% during the 4th quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker’s stock worth $1,409,835,000 after acquiring an additional 12,241,200 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC raised its position in shares of Intel by 100,953.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 51,133,863 shares of the chip maker’s stock worth $1,351,468,000 after buying an additional 51,083,262 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Performance

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

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.27. The company had revenue of $15.40 billion for 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%. Intel’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 EPS. On average, analysts anticipate 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. Shareholders of record on Wednesday, February 7th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is 128.21%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on INTC shares. TD Cowen reduced their price objective on shares of Intel from $45.00 to $42.00 and set a “market perform” rating for the company in a research report on Friday, January 26th. HSBC decreased their target price on shares of Intel from $46.00 to $44.00 and set a “hold” rating on the stock in a research report on Friday, January 26th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $50.00 target price on shares of Intel in a report on Friday, February 2nd. Wells Fargo & Company dropped their target price on shares of Intel from $52.00 to $48.00 and set an “equal weight” rating for the company in a report on Friday, January 26th. Finally, Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $32.00 to $50.00 in a report on Friday, December 15th. Four analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Intel has a consensus rating of “Hold” and an average price target of $41.48.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger bought 2,800 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Patrick P. Gelsinger purchased 2,800 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was acquired at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the acquisition, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Patrick P. Gelsinger purchased 3,000 shares of Intel 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 acquisition, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.

About Intel

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.