Intel Co. (NASDAQ:INTC) Shares Bought by Financial Perspectives Inc

Financial Perspectives Inc lifted its holdings in shares of Intel Co. (NASDAQ:INTC) by 26.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,603 shares of the chip maker’s stock after purchasing an additional 1,382 shares during the quarter. Financial Perspectives Inc’s holdings in Intel were worth $292,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New Millennium Group LLC grew its holdings in shares of Intel by 87.2% during the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after purchasing an additional 231 shares during the period. Frazier Financial Advisors LLC purchased a new stake in Intel during the fourth quarter worth approximately $27,000. Burkett Financial Services LLC acquired a new stake in shares of Intel in the fourth quarter worth $27,000. Tributary Capital Management LLC purchased a new position in shares of Intel in the 1st quarter valued at $27,000. Finally, Raleigh Capital Management Inc. raised its stake in shares of Intel by 62.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after acquiring an additional 362 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Trading Up 0.5 %

Shares of Intel stock traded up $0.16 on Thursday, reaching $31.23. 24,065,673 shares of the company were exchanged, compared to its average volume of 36,765,840. The stock has a fifty day moving average price of $30.88 and a 200-day moving average price of $39.20. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $132.95 billion, a price-to-earnings ratio of 32.53, a price-to-earnings-growth ratio of 14.81 and a beta of 1.05. Intel Co. has a fifty-two week low of $29.73 and a fifty-two week high of $51.28.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share 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%. On average, analysts expect that Intel Co. will post 0.09 EPS for the current year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were paid a dividend of $0.125 per share. The ex-dividend date was Monday, May 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.60%. Intel’s dividend payout ratio (DPR) is 52.08%.

Wall Street Analyst Weigh In

INTC has been the subject of several analyst reports. StockNews.com raised Intel from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th. JPMorgan Chase & Co. decreased their target price on shares of Intel from $37.00 to $35.00 and set an “underweight” rating for the company in a research note on Friday, April 26th. Roth Mkm dropped their price target on shares of Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, April 26th. HSBC decreased their price target on shares of Intel from $44.00 to $37.00 and set a “hold” rating for the company in a research report on Tuesday, April 23rd. Finally, Mizuho cut their price objective on Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Three investment 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $39.58.

Insiders Place Their Bets

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