Wealth Alliance Advisory Group LLC lifted its holdings in shares of Intel Co. (NASDAQ:INTC – Get Rating) by 30.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,364 shares of the chip maker's stock after buying an additional 4,492 shares during the period. Wealth Alliance Advisory Group LLC's holdings in Intel were worth $512,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the business. Frontier Wealth Management LLC grew its position in Intel by 0.5% in the first quarter. Frontier Wealth Management LLC now owns 46,894 shares of the chip maker's stock valued at $2,181,000 after acquiring an additional 253 shares in the last quarter. West Michigan Advisors LLC grew its position in Intel by 5.4% in the first quarter. West Michigan Advisors LLC now owns 5,137 shares of the chip maker's stock valued at $255,000 after acquiring an additional 262 shares in the last quarter. Crawford Investment Counsel Inc. grew its position in Intel by 1.2% in the second quarter. Crawford Investment Counsel Inc. now owns 25,830 shares of the chip maker's stock valued at $966,000 after acquiring an additional 294 shares in the last quarter. Retirement Income Solutions Inc grew its position in Intel by 5.1% in the first quarter. Retirement Income Solutions Inc now owns 6,338 shares of the chip maker's stock valued at $314,000 after acquiring an additional 307 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. grew its position in Intel by 5.0% in the second quarter. Fortitude Advisory Group L.L.C. now owns 6,930 shares of the chip maker's stock valued at $259,000 after acquiring an additional 327 shares in the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.
Get Intel alerts:Insider Buying and Selling
In other news, CFO David Zinsner bought 1,800 shares of the stock in a transaction that occurred on Monday, January 30th. The shares were purchased at an average cost of $27.89 per share, with a total value of $50,202.00. Following the completion of the acquisition, the chief financial officer now directly owns 17,450 shares in the company, valued at $486,680.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Patrick P. Gelsinger purchased 9,700 shares of the firm's stock in a transaction that occurred on Thursday, February 23rd. The stock was acquired at an average price of $25.68 per share, for a total transaction of $249,096.00. Following the transaction, the chief executive officer now directly owns 18,700 shares of the company's stock, valued at approximately $480,216. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David Zinsner purchased 1,800 shares of the firm's stock in a transaction that occurred on Monday, January 30th. The stock was bought at an average price of $27.89 per share, with a total value of $50,202.00. Following the transaction, the chief financial officer now directly owns 17,450 shares in the company, valued at $486,680.50. The disclosure for this purchase can be found here. Insiders have bought a total of 20,500 shares of company stock valued at $549,768 over the last three months. Company insiders own 0.02% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently commented on INTC shares. Mizuho reduced their target price on Intel from $32.00 to $29.00 and set a "neutral" rating for the company in a research note on Friday, January 27th. Bank of America reduced their target price on Intel from $28.00 to $25.00 and set an "underperform" rating for the company in a research note on Friday, January 27th. Barclays reduced their target price on Intel from $30.00 to $27.00 and set an "equal weight" rating for the company in a research note on Friday, January 27th. Truist Financial reduced their target price on Intel from $33.00 to $29.00 in a research note on Friday, January 27th. Finally, Northland Securities reduced their target price on Intel from $52.00 to $45.00 and set an "outperform" rating for the company in a research note on Friday, January 27th. Eight analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $29.48.
Intel Price Performance
Shares of INTC opened at $28.13 on Thursday. The stock's fifty day moving average is $28.04 and its 200-day moving average is $28.05. The firm has a market capitalization of $116.37 billion, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 9.32 and a beta of 0.81. Intel Co. has a one year low of $24.59 and a one year high of $52.51. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.16 and a current ratio of 1.57.
Intel (NASDAQ:INTC – Get Rating) last released its earnings results on Thursday, January 26th. The chip maker reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.10). The firm had revenue of $14.04 billion for the quarter, compared to analyst estimates of $14.49 billion. Intel had a return on equity of 7.45% and a net margin of 12.71%. Intel's revenue was down 31.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.09 earnings per share. Equities analysts anticipate that Intel Co. will post 0.55 EPS for the current year.
Intel Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Sunday, May 7th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Thursday, May 4th. Intel's payout ratio is currently 74.49%.
About Intel
(Get Rating)
Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Network and Edge (NEX), Mobileye, Accelerated Computing Systems and Graphics (AXG), Intel Foundry Services (IFS), and All Other.
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