Intel Co. (NASDAQ:INTC) Shares Acquired by Compass Ion Advisors LLC

Compass Ion Advisors LLC boosted its holdings in Intel Co. (NASDAQ:INTC) by 1.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,486 shares of the chip maker’s stock after purchasing an additional 555 shares during the quarter. Compass Ion Advisors LLC’s holdings in Intel were worth $1,479,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Barrett & Company Inc. boosted its position in shares of Intel by 6.1% in the fourth quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock worth $184,000 after buying an additional 210 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Intel by 3.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock worth $372,000 after purchasing an additional 216 shares in the last quarter. New Millennium Group LLC boosted its holdings in shares of Intel by 87.2% during the fourth 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. Waldron Private Wealth LLC increased its stake in Intel by 0.6% in the 4th quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock valued at $2,063,000 after buying an additional 232 shares during the period. Finally, Spreng Capital Management Inc. boosted its stake in shares of Intel by 1.3% during the 4th quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock valued at $987,000 after buying an additional 246 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger acquired 4,100 shares of the firm’s stock in a transaction dated 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 acquisition, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at $1,192,668.75. 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 acquired 4,100 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was purchased at an average price of $30.29 per share, with a total value of $124,189.00. Following the transaction, the chief executive officer now directly owns 39,375 shares in the company, valued at approximately $1,192,668.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Patrick P. Gelsinger purchased 4,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was purchased at an average price of $31.42 per share, with a total value of $125,680.00. Following the completion of the transaction, the chief executive officer now 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.

Wall Street Analyst Weigh In

Several brokerages recently commented on INTC. Benchmark reissued a “buy” rating and issued a $62.00 price target on shares of Intel in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. reduced their price objective on Intel from $37.00 to $35.00 and set an “underweight” rating for the company in a research report on Friday, April 26th. Wedbush lowered their target price on shares of Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a research note on Friday, April 26th. The Goldman Sachs Group dropped their price objective on shares of Intel from $34.00 to $30.00 and set a “sell” rating for the company in a report on Thursday, May 9th. Finally, Roth Mkm reduced their price objective on Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, April 26th. Three equities research 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 data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.58.

Intel Trading Up 1.2 %

NASDAQ INTC opened at $30.97 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $131.84 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 14.76 and a beta of 1.05. The stock’s 50-day simple moving average is $31.08 and its two-hundred day simple moving average is $39.46. Intel Co. has a twelve month low of $29.73 and a twelve month high of $51.28.

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 analysts’ expectations of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. Research analysts forecast that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.61%. The ex-dividend date was Monday, May 6th. Intel’s payout ratio is currently 52.08%.

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.