4,567 Shares in Intel Co. (NASDAQ:INTC) Acquired by ERTS Wealth Advisors LLC

ERTS Wealth Advisors LLC bought a new position in shares of Intel Co. (NASDAQ:INTCFree Report) in the fourth quarter, Holdings Channel reports. The fund bought 4,567 shares of the chip maker’s stock, valued at approximately $229,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Revolve Wealth Partners LLC raised its position in Intel by 3.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock worth $372,000 after acquiring an additional 216 shares in the last quarter. New Millennium Group LLC raised its position in 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 acquiring an additional 231 shares in the last quarter. Spreng Capital Management Inc. raised its position in shares of Intel by 1.3% in the fourth quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock valued at $987,000 after purchasing an additional 246 shares during the period. Global Trust Asset Management LLC raised its position in shares of Intel by 4.1% in the fourth quarter. Global Trust Asset Management LLC now owns 6,253 shares of the chip maker’s stock valued at $314,000 after purchasing an additional 249 shares during the period. Finally, Carmignac Gestion raised its position in shares of Intel by 0.7% in the third quarter. Carmignac Gestion now owns 34,294 shares of the chip maker’s stock valued at $1,219,000 after purchasing an additional 251 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Intel Trading Down 8.2 %

INTC opened at $40.33 on Thursday. The company’s 50 day moving average is $43.63 and its 200-day moving average is $42.21. Intel Co. has a 1-year low of $26.85 and a 1-year high of $51.28. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. The company has a market cap of $170.52 billion, a P/E ratio of 103.41, a PEG ratio of 4.58 and a beta of 1.00.

Intel (NASDAQ:INTCGet Free Report) last posted its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The company had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same period last year, the company posted $0.10 EPS. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. Equities research analysts predict that Intel Co. will post 0.64 earnings per share for the current fiscal year.

Intel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.24%. Intel’s dividend payout ratio (DPR) is presently 128.21%.

Insider Activity at Intel

In other Intel news, CEO Patrick P. Gelsinger acquired 2,800 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the acquisition, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Intel news, CEO Patrick P. Gelsinger acquired 2,800 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the acquisition, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick P. Gelsinger purchased 3,000 shares of the stock in a transaction on Monday, January 29th. The shares were purchased at an average price of $43.36 per share, with a total value of $130,080.00. Following the acquisition, the chief executive officer now owns 28,475 shares in the company, valued at approximately $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on INTC. Benchmark reissued a “buy” rating and issued a $62.00 price objective on shares of Intel in a research report on Wednesday. Cantor Fitzgerald reissued a “neutral” rating and issued a $50.00 price objective on shares of Intel in a research report on Wednesday. HSBC dropped their price objective on shares of Intel from $46.00 to $44.00 and set a “hold” rating on the stock in a research report on Friday, January 26th. Susquehanna upped their price target on shares of Intel from $38.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, January 18th. Finally, The Goldman Sachs Group upped their price target on shares of Intel from $34.00 to $39.00 and gave the company a “sell” rating in a research note on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus price target of $42.86.

View Our Latest Stock Analysis on INTC

About Intel

(Free Report)

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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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