Advisory Services Network LLC Acquires 9,802 Shares of Intel Co. (NASDAQ:INTC)

Advisory Services Network LLC raised its position in Intel Co. (NASDAQ:INTC) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 204,443 shares of the chip maker’s stock after purchasing an additional 9,802 shares during the quarter. Advisory Services Network LLC’s holdings in Intel were worth $10,273,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of INTC. New Millennium Group LLC increased its position in shares of Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after acquiring an additional 231 shares during the last quarter. Frazier Financial Advisors LLC acquired a new position in Intel during the fourth quarter worth approximately $27,000. Valued Wealth Advisors LLC acquired a new position in Intel during the fourth quarter worth approximately $36,000. Signature Resources Capital Management LLC acquired a new position in Intel during the fourth quarter worth approximately $37,000. Finally, Bare Financial Services Inc acquired a new position in Intel during the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on INTC. HSBC lowered their price target on Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a research report on Tuesday, April 23rd. Wells Fargo & Company lowered their price target on Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Citigroup reduced their price objective on Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a report on Monday, April 15th. Evercore ISI reduced their price objective on Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a report on Friday, April 26th. Finally, Jefferies Financial Group began coverage on Intel in a report on Monday, May 13th. They set a “hold” rating and a $34.00 price objective for the company. 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. According to data from MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus price target of $39.58.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger purchased 4,100 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Patrick P. Gelsinger acquired 4,000 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was purchased at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the purchase, the chief executive officer now owns 35,275 shares in the company, valued at approximately $1,108,340.50. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Patrick P. Gelsinger purchased 4,100 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were bought 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 Price Performance

Shares of NASDAQ:INTC traded up $0.64 during trading on Friday, hitting $30.72. 42,410,853 shares of the company were exchanged, compared to its average volume of 48,051,816. The business’s 50 day moving average is $35.99 and its 200-day moving average is $41.58. The company has a market capitalization of $130.78 billion, a P/E ratio of 32.07, a price-to-earnings-growth ratio of 15.10 and a beta of 1.09. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. Intel Co. has a 1-year low of $26.85 and a 1-year high of $51.28.

Intel (NASDAQ:INTC) last posted its quarterly earnings data 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 company 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%. Equities analysts forecast that Intel Co. will post 0.09 earnings per share for the current year.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.63%. Intel’s dividend payout ratio (DPR) is currently 52.08%.

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.