Annex Advisory Services LLC Purchases Shares of 5,900 Intel Co. (NASDAQ:INTC)

Annex Advisory Services LLC acquired a new position in shares of Intel Co. (NASDAQ:INTCFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,900 shares of the chip maker’s stock, valued at approximately $210,000.

A number of other hedge funds have also recently made changes to their positions in the business. Glass Jacobson Investment Advisors llc bought a new stake in shares of Intel in the 2nd quarter worth $25,000. Cornerstone Planning Group LLC purchased a new stake in Intel in the 2nd quarter valued at about $25,000. Your Advocates Ltd. LLP lifted its position in shares of Intel by 396.4% during the 2nd quarter. Your Advocates Ltd. LLP now owns 819 shares of the chip maker’s stock worth $27,000 after buying an additional 654 shares in the last quarter. Lumature Wealth Partners LLC boosted its stake in shares of Intel by 146.7% in the 1st quarter. Lumature Wealth Partners LLC now owns 824 shares of the chip maker’s stock worth $41,000 after buying an additional 490 shares during the last quarter. Finally, Legacy Financial Group LLC bought a new position in shares of Intel in the third quarter valued at approximately $30,000. 60.84% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of Intel stock opened at $46.06 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.13 and a current ratio of 1.53. Intel Co. has a 52-week low of $24.73 and a 52-week high of $51.28. The company’s 50 day moving average price is $45.18 and its 200-day moving average price is $38.70.

Intel (NASDAQ:INTCGet Free Report) last announced its quarterly earnings results on Thursday, October 26th. The chip maker reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.20. The business had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $13.57 billion. Intel had a negative net margin of 3.11% and a positive return on equity of 0.49%. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 EPS. On average, sell-side analysts forecast that Intel Co. will post 0.27 EPS for the current year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Monday, November 6th. Intel’s payout ratio is -125.00%.

Wall Street Analyst Weigh In

INTC has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price target on Intel from $35.00 to $39.00 and gave the stock an “equal weight” rating in a report on Friday, October 27th. Stifel Nicolaus boosted their price target on shares of Intel from $38.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, January 2nd. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Intel in a report on Friday, October 27th. Susquehanna boosted their target price on shares of Intel from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. Finally, Barclays raised their price target on shares of Intel from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $37.77.

Get Our Latest Report on INTC

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger acquired 6,775 shares of Intel stock in a transaction on Wednesday, November 1st. The shares were acquired at an average cost of $36.80 per share, with a total value of $249,320.00. Following the transaction, the chief executive officer now owns 25,475 shares in the company, valued at $937,480. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.04% of the company’s stock.

Intel Company Profile

(Free Report)

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, Accelerated Computing Systems and Graphics, Intel Foundry Services, and Other segments. The company offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and accelerators, boards and systems, connectivity products, and memory and storage products.

Further Reading

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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