O Brien Wealth Partners LLC Sells 356 Shares of Intel Co. (NASDAQ:INTC)

O Brien Wealth Partners LLC trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 20.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,427 shares of the chip maker’s stock after selling 356 shares during the period. O Brien Wealth Partners LLC’s holdings in Intel were worth $63,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTC. Aviance Capital Partners LLC increased its stake in shares of Intel by 33.3% in the first quarter. Aviance Capital Partners LLC now owns 13,714 shares of the chip maker’s stock worth $606,000 after buying an additional 3,426 shares during the period. Mirador Capital Partners LP raised its stake in shares of Intel by 1.4% during the first quarter. Mirador Capital Partners LP now owns 103,485 shares of the chip maker’s stock valued at $4,571,000 after acquiring an additional 1,470 shares during the last quarter. Oak Asset Management LLC boosted its holdings in shares of Intel by 0.4% during the first quarter. Oak Asset Management LLC now owns 134,058 shares of the chip maker’s stock worth $5,921,000 after purchasing an additional 513 shares during the period. Compass Ion Advisors LLC increased its holdings in Intel by 1.7% during the 1st quarter. Compass Ion Advisors LLC now owns 33,486 shares of the chip maker’s stock valued at $1,479,000 after purchasing an additional 555 shares during the period. Finally, LVW Advisors LLC raised its position in Intel by 32.6% during the 1st quarter. LVW Advisors LLC now owns 11,479 shares of the chip maker’s stock valued at $507,000 after purchasing an additional 2,823 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Price Performance

NASDAQ:INTC traded down $0.13 during trading hours on Monday, hitting $30.84. 15,960,503 shares of the stock were exchanged, compared to its average volume of 46,596,363. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. Intel Co. has a 52-week low of $29.73 and a 52-week high of $51.28. The company has a market cap of $131.29 billion, a P/E ratio of 32.01, a P/E/G ratio of 14.76 and a beta of 1.05. The firm’s fifty day moving average price is $31.08 and its 200 day moving average price is $39.46.

Intel (NASDAQ:INTC) last issued its 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 business had revenue of $12.72 billion during the quarter, compared to analyst estimates of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%. As a group, equities research analysts anticipate that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s payout ratio is currently 52.08%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Cantor Fitzgerald reissued a “neutral” rating and set a $50.00 target price on shares of Intel in a research note on Wednesday, April 3rd. Barclays cut their price objective on Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Stifel Nicolaus reissued a “hold” rating and set a $45.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Susquehanna lowered their price objective on Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. Finally, UBS Group increased 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. Three analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $39.58.

Insider Buying and Selling

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