Foundations Investment Advisors LLC Acquires 1,589 Shares of Intel Co. (NASDAQ:INTC)

Foundations Investment Advisors LLC boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,071 shares of the chip maker’s stock after purchasing an additional 1,589 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Intel were worth $729,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTC. Integrity Financial Corp WA bought a new stake in shares of Intel in the third quarter valued at approximately $257,000. Plimoth Trust Co. LLC boosted its holdings in Intel by 13.7% in the 3rd quarter. Plimoth Trust Co. LLC now owns 107,811 shares of the chip maker’s stock valued at $2,529,000 after purchasing an additional 12,956 shares during the period. Livelsberger Financial Advisory acquired a new stake in Intel in the 3rd quarter worth $70,000. Everence Capital Management Inc. increased its holdings in shares of Intel by 10.8% during the 3rd quarter. Everence Capital Management Inc. now owns 110,518 shares of the chip maker’s stock worth $2,593,000 after purchasing an additional 10,740 shares during the period. Finally, Clarus Group Inc. raised its position in shares of Intel by 65.3% during the third quarter. Clarus Group Inc. now owns 13,762 shares of the chip maker’s stock valued at $323,000 after buying an additional 5,439 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

Intel stock opened at $22.34 on Friday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28. The company’s 50-day moving average is $21.55 and its two-hundred day moving average is $27.67. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. The company has a market cap of $95.10 billion, a PE ratio of 23.27 and a beta of 1.03.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The business had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.78%. Intel’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.05) earnings per share. Equities analysts anticipate that Intel Co. will post -0.47 earnings per share for the current year.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.24%. The ex-dividend date was Wednesday, August 7th. Intel’s payout ratio is 52.08%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Daiwa America upgraded Intel to a “hold” rating in a research note on Monday, August 26th. Raymond James lowered Intel from an “outperform” rating to a “market perform” rating in a research note on Friday, August 2nd. StockNews.com downgraded shares of Intel from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. UBS Group reduced their price objective on shares of Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, The Goldman Sachs Group lowered their target price on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, October 17th. Six research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Intel has a consensus rating of “Hold” and a consensus target price of $31.92.

Insiders Place Their Bets

In other news, CEO Patrick P. Gelsinger purchased 12,500 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $20.16 per share, for a total transaction of $252,000.00. Following the transaction, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at approximately $765,576. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.04% of the company’s stock.

Intel Company Profile

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.