Intel Co. (NASDAQ:INTC) Shares Bought by Wealthspire Advisors LLC

Wealthspire Advisors LLC grew its stake in shares of Intel Co. (NASDAQ:INTC) by 2.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 74,254 shares of the chip maker’s stock after purchasing an additional 1,472 shares during the period. Wealthspire Advisors LLC’s holdings in Intel were worth $3,731,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. New Millennium Group LLC boosted 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 purchasing an additional 231 shares in the last quarter. Raleigh Capital Management Inc. grew its stake in Intel by 62.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after acquiring an additional 362 shares during the last quarter. Valued Wealth Advisors LLC purchased a new position in Intel during the 4th quarter valued at about $36,000. Signature Resources Capital Management LLC acquired a new position in Intel during the fourth quarter worth about $37,000. Finally, Bare Financial Services Inc purchased a new stake in shares of Intel in the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Down 2.2 %

Shares of INTC traded down $0.68 during mid-day trading on Wednesday, reaching $30.00. 63,662,910 shares of the stock traded hands, compared to its average volume of 48,568,035. The firm has a market cap of $127.71 billion, a price-to-earnings ratio of 31.25, a P/E/G ratio of 10.05 and a beta of 1.09. The stock has a fifty day simple moving average of $39.12 and a 200 day simple moving average of $42.05. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28.

Intel Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be given a $0.125 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.67%. Intel’s payout ratio is currently 52.08%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on INTC. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, April 26th. TD Cowen cut their price target on Intel from $42.00 to $35.00 and set a “hold” rating for the company in a report on Friday, April 26th. Wedbush decreased their price objective on Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a research note on Friday, April 26th. Benchmark reissued a “buy” rating and issued a $62.00 target price on shares of Intel in a research note on Wednesday, April 3rd. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $50.00 target price on shares of Intel in a report on Wednesday, April 3rd. Four equities research analysts have rated the stock with a sell rating, twenty-one have given 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 $39.75.

Insider Activity

In other Intel news, CEO Patrick P. Gelsinger purchased 4,000 shares of Intel stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average price of $31.42 per share, with a total value of $125,680.00. Following the completion of the acquisition, the chief executive officer now owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Intel news, CEO Patrick P. Gelsinger bought 4,000 shares of the business’s 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 transaction, the chief executive officer now directly owns 35,275 shares in the company, valued at approximately $1,108,340.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick P. Gelsinger bought 4,100 shares of Intel stock in a transaction dated Wednesday, May 1st. The shares were acquired at an average price 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 in the company, valued at approximately $1,192,668.75. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

About Intel

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.