West Family Investments Inc. Purchases 688 Shares of Intel Co. (NASDAQ:INTC)

West Family Investments Inc. lifted its position in Intel Co. (NASDAQ:INTC) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,090 shares of the chip maker’s stock after acquiring an additional 688 shares during the quarter. West Family Investments Inc.’s holdings in Intel were worth $407,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Robertson Stephens Wealth Management LLC raised its holdings in Intel by 2.5% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 40,348 shares of the chip maker’s stock worth $2,027,000 after purchasing an additional 992 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC raised its holdings in Intel by 0.6% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 68,431 shares of the chip maker’s stock worth $3,439,000 after purchasing an additional 390 shares in the last quarter. Fortitude Advisory Group L.L.C. bought a new position in Intel in the fourth quarter worth about $276,000. First Trust Direct Indexing L.P. raised its holdings in Intel by 20.8% in the fourth quarter. First Trust Direct Indexing L.P. now owns 88,548 shares of the chip maker’s stock worth $4,450,000 after purchasing an additional 15,275 shares in the last quarter. Finally, Summit Financial LLC raised its holdings in Intel by 13.5% in the fourth quarter. Summit Financial LLC now owns 54,446 shares of the chip maker’s stock worth $2,736,000 after purchasing an additional 6,473 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger acquired 4,000 shares of Intel stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average cost 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 in the company, valued at approximately $1,108,340.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on INTC shares. Sanford C. Bernstein dropped their price target on Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a research note on Friday, April 26th. Citigroup dropped their price target on Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, April 15th. Cantor Fitzgerald restated a “neutral” rating and set a $50.00 price target on shares of Intel in a research note on Wednesday, April 3rd. The Goldman Sachs Group dropped their target price on Intel from $39.00 to $34.00 and set a “sell” rating on the stock in a research report on Friday, April 26th. Finally, Wedbush dropped their target price on Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Four equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $39.75.

Intel Stock Down 0.1 %

Shares of NASDAQ INTC traded down $0.04 during midday trading on Thursday, hitting $30.33. 20,842,974 shares of the company’s stock were exchanged, compared to its average volume of 48,362,094. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. Intel Co. has a twelve month low of $26.85 and a twelve month high of $51.28. The company has a market cap of $129.11 billion, a PE ratio of 31.59, a P/E/G ratio of 8.39 and a beta of 1.09. The firm’s fifty day simple moving average is $40.09 and its 200-day simple moving average is $42.14.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be paid a $0.125 dividend. The ex-dividend date is Monday, May 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.65%. Intel’s dividend payout ratio (DPR) is currently 52.08%.

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.