Fi3 FINANCIAL ADVISORS LLC Takes Position in Intel Co. (NASDAQ:INTC)

Fi3 FINANCIAL ADVISORS LLC bought a new stake in Intel Co. (NASDAQ:INTC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,299 shares of the chip maker’s stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of INTC. New Millennium Group LLC lifted its holdings in Intel by 87.2% during the 4th 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 last quarter. Legacy Financial Group LLC acquired a new stake in shares of Intel during the 3rd quarter worth about $30,000. 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. Valued Wealth Advisors LLC acquired a new stake in Intel during the fourth quarter worth approximately $36,000. Finally, Signature Resources Capital Management LLC acquired a new position in shares of Intel in the fourth quarter valued at approximately $37,000. Institutional investors own 64.53% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger bought 4,100 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were bought at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the transaction, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 acquired at an average price of $31.42 per share, with a total value of $125,680.00. Following the transaction, 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 can be accessed through this link. Also, CEO Patrick P. Gelsinger bought 4,100 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the acquisition, the chief executive officer now directly owns 39,375 shares in the company, valued at $1,192,668.75. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on INTC. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, April 26th. UBS Group upped their price target on shares of Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Monday, April 1st. Sanford C. Bernstein dropped their price objective on shares of Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a research note on Friday, April 26th. Cantor Fitzgerald restated a “neutral” rating and set a $50.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Finally, Wedbush dropped their price target on shares of Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a research report on Friday, April 26th. Four investment 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $39.75.

Intel Trading Up 1.3 %

Shares of NASDAQ:INTC traded up $0.39 during trading on Friday, reaching $30.90. The stock had a trading volume of 36,794,828 shares, compared to its average volume of 58,447,700. The stock has a market cap of $131.54 billion, a price-to-earnings ratio of 32.19, a P/E/G ratio of 9.93 and a beta of 1.09. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28. The firm’s fifty day moving average is $39.60 and its 200 day moving average is $42.02.

Intel Announces Dividend

The firm also recently declared 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. This represents a $0.50 annualized dividend and a yield of 1.62%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio (DPR) is presently 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.