FAS Wealth Partners Inc. Raises Stock Holdings in Intel Co. (NASDAQ:INTC)

FAS Wealth Partners Inc. grew its stake in Intel Co. (NASDAQ:INTCFree Report) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,364 shares of the chip maker’s stock after purchasing an additional 745 shares during the period. FAS Wealth Partners Inc.’s holdings in Intel were worth $1,878,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of INTC. New Millennium Group LLC increased its holdings in shares of Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares during the period. Cornerstone Planning Group LLC acquired a new position in Intel during the second quarter worth $25,000. Legacy Financial Group LLC acquired a new position in Intel during the third quarter worth $30,000. Milestone Investment Advisors LLC acquired a new position in Intel during the first quarter worth $32,000. Finally, Raleigh Capital Management Inc. grew its holdings in Intel by 62.8% during the third 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 related news, CEO Patrick P. Gelsinger bought 2,800 shares of the stock in a transaction dated 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 completion of the purchase, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Patrick P. Gelsinger bought 2,800 shares of the stock in a transaction dated 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 completion of the purchase, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Patrick P. Gelsinger bought 3,000 shares of the 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 purchase, the chief executive officer now owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $43.94 on Wednesday. The firm has a market capitalization of $185.78 billion, a PE ratio of 112.67, a P/E/G ratio of 4.64 and a beta of 1.00. 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 business has a 50-day moving average of $43.73 and a two-hundred day moving average of $42.17. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28.

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

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were paid 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 dividend yield of 1.14%. Intel’s dividend payout ratio (DPR) is currently 128.21%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on INTC. TD Cowen dropped their price objective on Intel from $45.00 to $42.00 and set a “market perform” rating on the stock in a report on Friday, January 26th. Truist Financial dropped their price objective on Intel from $47.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, January 26th. The Goldman Sachs Group boosted their target price on Intel from $34.00 to $39.00 and gave the stock a “sell” rating in a research report on Friday, January 26th. Morgan Stanley boosted their target price on Intel from $39.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Finally, Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $32.00 to $50.00 in a research report on Friday, December 15th. Four analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Intel currently has an average rating of “Hold” and an average price target of $42.43.

View Our Latest 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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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