Denver Wealth Management Inc. Makes New $249,000 Investment in Intel Co. (NASDAQ:INTC)

Denver Wealth Management Inc. acquired a new position in Intel Co. (NASDAQ:INTCFree Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,953 shares of the chip maker’s stock, valued at approximately $249,000.

A number of other institutional investors have also recently added to or reduced their stakes in INTC. New Millennium Group LLC lifted its holdings in Intel by 87.2% in the 4th 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. Cornerstone Planning Group LLC acquired a new position in Intel during the 2nd quarter valued at about $25,000. Legacy Financial Group LLC acquired a new stake in shares of Intel in the 3rd quarter worth approximately $30,000. Milestone Investment Advisors LLC acquired a new stake in shares of Intel in the 1st quarter worth approximately $32,000. Finally, Raleigh Capital Management Inc. lifted its stake in shares of Intel by 62.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after acquiring an additional 362 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Activity

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

Intel Trading Down 8.2 %

INTC stock opened at $40.33 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. The company has a fifty day moving average price of $43.63 and a two-hundred day moving average price of $42.21. Intel Co. has a one year low of $26.85 and a one year high of $51.28. The stock has a market cap of $170.52 billion, a price-to-earnings ratio of 103.41, a price-to-earnings-growth ratio of 4.58 and a beta of 1.00.

Intel (NASDAQ:INTCGet Free Report) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping 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 firm had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same period in the previous year, the business posted $0.10 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. Equities analysts anticipate that Intel Co. will post 0.64 EPS for the current year.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were given a dividend of $0.125 per share. 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 128.21%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on INTC shares. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, January 26th. Susquehanna increased their price target on shares of Intel from $38.00 to $42.00 and gave the stock a “neutral” rating in a research note on Thursday, January 18th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Intel from $38.00 to $42.00 and gave the stock a “hold” rating in a report on Monday, December 18th. Mizuho decreased their price objective on shares of Intel from $58.00 to $55.00 and set a “buy” rating for the company in a report on Friday, January 26th. Finally, Raymond James decreased their price objective on shares of Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a report on Friday, January 26th. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $42.86.

Check Out Our Latest Research Report on Intel

Intel Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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