AlphaMark Advisors LLC Boosts Holdings in Intel Co. (NASDAQ:INTC)

AlphaMark Advisors LLC grew its position in Intel Co. (NASDAQ:INTC) by 39.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,537 shares of the chip maker’s stock after buying an additional 1,000 shares during the period. AlphaMark Advisors LLC’s holdings in Intel were worth $156,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in INTC. Slow Capital Inc. boosted its position in shares of Intel by 0.9% during the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock worth $2,749,000 after purchasing an additional 508 shares during the period. Altus Wealth Group LLC boosted its position in shares of Intel by 29.4% during the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after purchasing an additional 5,759 shares during the period. Orion Portfolio Solutions LLC boosted its position in shares of Intel by 3.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock worth $4,764,000 after purchasing an additional 2,915 shares during the period. Alera Investment Advisors LLC purchased a new position in shares of Intel during the 4th quarter worth approximately $201,000. Finally, Brookstone Capital Management boosted its position in shares of Intel by 65.2% during the 1st quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock worth $3,052,000 after purchasing an additional 27,274 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Intel stock traded down $0.13 during midday trading on Monday, hitting $30.84. 31,243,599 shares of the company’s stock were exchanged, compared to its average volume of 46,723,953. Intel Co. has a 12-month low of $29.73 and a 12-month high of $51.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The stock has a market cap of $131.29 billion, a price-to-earnings ratio of 32.13, a price-to-earnings-growth ratio of 14.76 and a beta of 1.05. The firm’s 50 day simple moving average is $31.08 and its 200 day simple moving average is $39.46.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 25th. The chip maker reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Intel had a return on equity of 2.19% and a net margin of 7.36%. The business had revenue of $12.72 billion for the quarter, compared to analysts’ expectations of $12.76 billion. Equities research analysts predict that Intel Co. will post 0.09 EPS for the current year.

Intel Announces Dividend

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

Insider Activity

In other news, CEO Patrick P. Gelsinger bought 4,000 shares of the stock in a transaction dated Monday, April 29th. The shares were acquired at an average price of $31.42 per share, with a total value of $125,680.00. Following the completion of the acquisition, the chief executive officer now directly owns 35,275 shares in the company, valued at $1,108,340.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Patrick P. Gelsinger bought 4,100 shares of the stock in a transaction dated 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 completion of the acquisition, the chief executive officer now directly owns 39,375 shares in the company, valued at $1,192,668.75. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Patrick P. Gelsinger acquired 4,000 shares of Intel stock in a transaction that occurred on Monday, April 29th. The stock was bought at an average price of $31.42 per share, with a total value of $125,680.00. Following the purchase, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

INTC has been the subject of a number of research analyst reports. Benchmark reaffirmed a “buy” rating and set a $62.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Mizuho reduced their target price on shares of Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, April 26th. TD Cowen reduced their target price on shares of Intel from $42.00 to $35.00 and set a “hold” rating on the stock in a report on Friday, April 26th. Morgan Stanley reduced their target price on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Finally, HSBC reduced their target price on shares of Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. Three analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.