Atlas Private Wealth Advisors Invests $222,000 in Intel Co. (NASDAQ:INTC)

Atlas Private Wealth Advisors acquired a new stake in Intel Co. (NASDAQ:INTC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,445 shares of the chip maker’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwest Wealth Management LLC acquired a new stake in Intel during the 4th quarter valued at $235,000. First Financial Bankshares Inc acquired a new position in Intel in the 4th quarter valued at about $260,000. Gibson Capital LLC purchased a new position in Intel in the 4th quarter valued at about $274,000. Coatue Management LLC acquired a new stake in shares of Intel during the 4th quarter worth about $41,102,000. Finally, Clear Street Markets LLC grew its holdings in shares of Intel by 18.1% during the fourth quarter. Clear Street Markets LLC now owns 7,639 shares of the chip maker’s stock worth $384,000 after buying an additional 1,169 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Down 1.2 %

NASDAQ INTC opened at $23.17 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28. The business has a 50 day moving average price of $21.19 and a two-hundred day moving average price of $29.04. The stock has a market cap of $98.63 billion, a PE ratio of 24.44 and a beta of 1.03.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Intel had a net margin of 1.77% and a return on equity of 1.78%. The firm had revenue of $12.80 billion for the quarter, compared to analyst estimates of $12.92 billion. During the same period in the previous year, the business posted ($0.05) earnings per share. Intel’s revenue for the quarter was down .8% on a year-over-year basis. As a group, sell-side analysts predict that Intel Co. will post -0.47 EPS for the current fiscal year.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Wednesday, August 7th. Intel’s dividend payout ratio is currently 52.08%.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger purchased 12,500 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the purchase, the chief executive officer now owns 37,975 shares in the company, valued at approximately $765,576. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.04% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on INTC shares. Cantor Fitzgerald decreased their target price on shares of Intel from $40.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Daiwa America upgraded Intel to a “hold” rating in a report on Monday, August 26th. Roth Mkm dropped their target price on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Mizuho lowered Intel from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $36.00 to $22.00 in a research note on Thursday, August 8th. Finally, Rosenblatt Securities restated a “sell” rating and issued a $17.00 price target on shares of Intel in a report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.96.

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.