Intel Co. (NASDAQ:INTC) Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its position in shares of Intel Co. (NASDAQ:INTC) by 19.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 527,055 shares of the chip maker’s stock after buying an additional 87,319 shares during the quarter. Kestra Advisory Services LLC’s holdings in Intel were worth $23,280,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of INTC. Frazier Financial Advisors LLC purchased a new stake in shares of Intel in the fourth quarter worth approximately $27,000. Burkett Financial Services LLC purchased a new stake in shares of Intel in the fourth quarter worth approximately $27,000. Tributary Capital Management LLC purchased a new stake in shares of Intel in the first quarter worth approximately $27,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Intel in the first quarter worth approximately $36,000. Finally, Signature Resources Capital Management LLC purchased a new stake in shares of Intel in the fourth quarter worth approximately $37,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Sanford C. Bernstein reduced their price target on shares of Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a research report on Friday, April 26th. The Goldman Sachs Group dropped their price objective on Intel from $34.00 to $30.00 and set a “sell” rating on the stock in a report on Thursday, May 9th. Cantor Fitzgerald restated a “neutral” rating and issued a $40.00 price objective on shares of Intel in a report on Tuesday, July 16th. Roth Mkm dropped their price objective on Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, April 26th. Finally, Rosenblatt Securities restated a “sell” rating and issued a $17.00 price objective on shares of Intel in a report on Friday, April 26th. Four research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $39.25.

Insider Buying and Selling

In other 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, with a total value of $124,189.00. Following the completion of the transaction, the chief executive officer now directly owns 39,375 shares in the company, valued at $1,192,668.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Patrick P. Gelsinger acquired 4,100 shares of the business’s stock in a transaction on 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 acquisition, the chief executive officer now owns 39,375 shares in the company, valued at $1,192,668.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Patrick P. Gelsinger acquired 4,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were bought at an average cost of $31.42 per share, with a total value of $125,680.00. Following the completion of the acquisition, the chief executive officer now 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. 0.04% of the stock is owned by company insiders.

Intel Stock Performance

INTC stock traded up $0.25 during midday trading on Friday, hitting $31.35. The stock had a trading volume of 38,352,543 shares, compared to its average volume of 52,697,092. The firm has a market capitalization of $133.46 billion, a price-to-earnings ratio of 32.66, a P/E/G ratio of 18.76 and a beta of 1.05. Intel Co. has a 52 week low of $29.73 and a 52 week high of $51.28. The stock has a 50-day simple moving average of $31.63 and a 200 day simple moving average of $37.43. 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 (NASDAQ:INTC) last issued its earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The firm had revenue of $12.72 billion during the quarter, compared to the consensus estimate of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. As a group, equities research analysts anticipate that Intel Co. will post 0.07 earnings per share for the current year.

Intel 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.