Atria Wealth Solutions Inc. bought a new stake in Intel Co. (NASDAQ:INTC – Get Rating) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 242,682 shares of the chip maker’s stock, valued at approximately $12,027,000.
Several other large investors have also modified their holdings of INTC. Landmark Wealth Management LLC acquired a new stake in shares of Intel in the 1st quarter worth $31,000. Joseph Group Capital Management purchased a new position in Intel during the 4th quarter valued at about $887,000. Lansing Street Advisors purchased a new position in Intel during the 1st quarter valued at about $28,000. Lloyd Advisory Services LLC. increased its holdings in Intel by 2,835.0% during the 1st quarter. Lloyd Advisory Services LLC. now owns 587 shares of the chip maker’s stock valued at $29,000 after acquiring an additional 567 shares in the last quarter. Finally, Emerald Advisers LLC purchased a new stake in shares of Intel during the first quarter worth about $38,000. Institutional investors and hedge funds own 61.52% of the company’s stock.
Analyst Ratings Changes
INTC has been the topic of several research analyst reports. Bank of America decreased their target price on shares of Intel from $47.00 to $39.00 and set an “underperform” rating on the stock in a research report on Wednesday, June 29th. Rosenblatt Securities dropped their price objective on shares of Intel from $40.00 to $30.00 and set a “sell” rating on the stock in a research note on Friday, July 29th. TheStreet lowered shares of Intel from a “b-” rating to a “c+” rating in a research note on Tuesday, May 24th. Sanford C. Bernstein set a $30.00 price target on shares of Intel in a research note on Tuesday, September 6th. Finally, UBS Group lowered their target price on shares of Intel from $51.00 to $41.00 and set a “neutral” rating for the company in a research note on Friday, July 29th. Nine analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $42.96.
Insider Buying and Selling at Intel
Intel Stock Performance
INTC opened at $31.46 on Friday. The business has a fifty day simple moving average of $35.79 and a 200 day simple moving average of $41.50. The company has a market capitalization of $129.17 billion, a PE ratio of 6.74, a price-to-earnings-growth ratio of 1.86 and a beta of 0.65. Intel Co. has a 1 year low of $29.91 and a 1 year high of $56.28. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.86 and a quick ratio of 1.41.
Intel (NASDAQ:INTC – Get Rating) last released its earnings results on Thursday, July 28th. The chip maker reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.41). Intel had a net margin of 26.03% and a return on equity of 16.65%. The company had revenue of $15.30 billion for the quarter, compared to the consensus estimate of $17.93 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. The business’s revenue was down 17.3% compared to the same quarter last year. Research analysts expect that Intel Co. will post 2.25 EPS for the current year.
Intel Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Sunday, August 7th were given a $0.365 dividend. The ex-dividend date was Friday, August 5th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 4.64%. Intel’s dividend payout ratio (DPR) is presently 31.26%.
Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.
- Get a free copy of the StockNews.com research report on Intel (INTC)
- MarketBeat: Week in Review 9/5 – 9/9
- Prepare For A Record-Setting Quarter For Cyber Security Stocks
- The Auto Market Is Slowly Recovering, These Stocks May Outperform
- Is DocuSign On The Verge Of A Major Reversal?
- Oil and Gas Stocks: A Safe Way to Invest in Renewable Energy
Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.