Marion Wealth Management Has $248,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

Marion Wealth Management raised its stake in Intel Co. (NASDAQ:INTCFree Report) by 23.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,619 shares of the chip maker’s stock after buying an additional 1,080 shares during the quarter. Marion Wealth Management’s holdings in Intel were worth $248,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. New Millennium Group LLC grew its position in Intel by 87.2% in 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. Frazier Financial Advisors LLC bought a new stake in shares of Intel during the 4th quarter worth $27,000. Burkett Financial Services LLC bought a new stake in shares of Intel during the 4th quarter worth $27,000. Raleigh Capital Management Inc. boosted its holdings in shares of Intel by 62.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after buying an additional 362 shares during the period. Finally, Valued Wealth Advisors LLC bought a new stake in shares of Intel during the 4th quarter worth $36,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on INTC shares. Wells Fargo & Company reduced their price target on shares of Intel from $43.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Truist Financial reduced their price target on shares of Intel from $45.00 to $33.00 and set a “hold” rating for the company in a report on Friday, April 26th. Roth Mkm reduced their price target on shares of Intel from $45.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, April 26th. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price target on shares of Intel in a report on Wednesday, April 3rd. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $50.00 price target on shares of Intel in a report on Wednesday, April 3rd. Three 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.com, the stock currently has an average rating of “Hold” and an average price target of $39.58.

Read Our Latest Stock Analysis on Intel

Insider Activity

In other news, CEO Patrick P. Gelsinger bought 4,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average cost of $30.29 per share, with a total value of $124,189.00. Following the completion of the purchase, the chief executive officer now owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Patrick P. Gelsinger acquired 4,100 shares of Intel stock in a transaction on 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 transaction, the chief executive officer now directly owns 39,375 shares in the company, valued at approximately $1,192,668.75. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Patrick P. Gelsinger acquired 4,000 shares of Intel stock in a transaction on Monday, April 29th. The shares were bought at an average cost 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. 0.04% of the stock is owned by corporate insiders.

Intel Stock Down 1.1 %

INTC stock traded down $0.35 during mid-day trading on Wednesday, hitting $30.63. 33,294,749 shares of the company were exchanged, compared to its average volume of 39,863,564. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The firm has a market cap of $130.39 billion, a P/E ratio of 31.91, a P/E/G ratio of 14.77 and a beta of 1.06. The firm’s 50 day simple moving average is $31.80 and its 200 day simple moving average is $40.08. Intel Co. has a 1-year low of $29.73 and a 1-year high of $51.28.

Intel (NASDAQ:INTCGet Free Report) last announced 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 company had revenue of $12.72 billion for the quarter, compared to analyst estimates of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. On average, sell-side analysts predict that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were issued a $0.125 dividend. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.63%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

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.

Further Reading

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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