Peterson Wealth Advisors LLC Purchases 397 Shares of Intel Co. (NASDAQ:INTC)

Peterson Wealth Advisors LLC increased its position in Intel Co. (NASDAQ:INTC) by 6.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,505 shares of the chip maker’s stock after buying an additional 397 shares during the quarter. Peterson Wealth Advisors LLC’s holdings in Intel were worth $287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. New Millennium Group LLC raised its stake in Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after buying an additional 231 shares in the last quarter. Burkett Financial Services LLC purchased a new position in shares of Intel in the 4th quarter valued at approximately $27,000. Frazier Financial Advisors LLC bought a new stake in shares of Intel during the fourth quarter valued at approximately $27,000. Valued Wealth Advisors LLC purchased a new stake in Intel in the fourth quarter worth $36,000. Finally, Signature Resources Capital Management LLC bought a new position in Intel in the fourth quarter worth $37,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on INTC. Bank of America reduced their target price on shares of Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. Sanford C. Bernstein lowered their target price on shares of Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a report on Friday, April 26th. Jefferies Financial Group assumed coverage on Intel in a research note on Monday, May 13th. They issued a “hold” rating and a $34.00 price target on the stock. Morgan Stanley lowered their price objective on Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Finally, Roth Mkm reduced their price objective on shares of Intel from $45.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $39.58.

Intel Stock Down 0.7 %

Shares of INTC stock opened at $30.54 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. Intel Co. has a one year low of $29.73 and a one year high of $51.28. The company’s fifty day moving average price is $31.34 and its 200-day moving average price is $39.75. The company has a market capitalization of $130.01 billion, a price-to-earnings ratio of 31.81, a PEG ratio of 14.65 and a beta of 1.06.

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

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s dividend payout ratio (DPR) is currently 52.08%.

Insider Transactions at Intel

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