Sowell Financial Services LLC Grows Position in Intel Co. (NASDAQ:INTC)

Sowell Financial Services LLC lifted its stake in shares of Intel Co. (NASDAQ:INTCFree Report) by 3.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 114,823 shares of the chip maker’s stock after acquiring an additional 3,909 shares during the period. Sowell Financial Services LLC’s holdings in Intel were worth $4,082,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Cantor Fitzgerald Investment Advisor L.P lifted its stake in shares of Intel by 173.6% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 539,976 shares of the chip maker’s stock valued at $26,761,000 after purchasing an additional 342,649 shares in the last quarter. Axiom Financial Strategies LLC lifted its stake in shares of Intel by 21.6% in the 1st quarter. Axiom Financial Strategies LLC now owns 5,944 shares of the chip maker’s stock valued at $260,000 after purchasing an additional 1,056 shares in the last quarter. Fairfield Bush & CO. acquired a new position in shares of Intel in the 1st quarter valued at about $142,000. Retirement Income Solutions Inc lifted its stake in shares of Intel by 5.1% in the 1st quarter. Retirement Income Solutions Inc now owns 6,338 shares of the chip maker’s stock valued at $314,000 after purchasing an additional 307 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Intel by 26.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,863,459 shares of the chip maker’s stock valued at $290,593,000 after purchasing an additional 1,244,247 shares in the last quarter. 60.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

INTC has been the topic of several research analyst reports. Barclays lifted their price objective on Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 16th. Wedbush dropped their target price on Intel from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Friday, January 26th. Truist Financial dropped their target price on Intel from $47.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, January 26th. Susquehanna raised their target price on Intel from $38.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, January 18th. Finally, Rosenblatt Securities reiterated a “sell” rating and set a $17.00 target price on shares of Intel in a report on Tuesday, January 23rd. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $41.48.

Get Our Latest Research Report on Intel

Intel Trading Up 0.4 %

NASDAQ:INTC opened at $42.77 on Monday. Intel Co. has a 12-month low of $24.73 and a 12-month high of $51.28. 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 simple moving average of $46.15 and a 200 day simple moving average of $39.79. The firm has a market capitalization of $180.83 billion, a P/E ratio of 109.23, a P/E/G ratio of 2.83 and a beta of 1.02.

Intel (NASDAQ:INTCGet Free Report) last announced its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating 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 business had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same quarter last year, the business posted $0.10 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Equities research analysts predict that Intel Co. will post 0.72 EPS for the current year.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Wednesday, February 7th will be paid a dividend of $0.125 per share. The ex-dividend date is Tuesday, February 6th. This represents a $0.50 annualized dividend and a yield of 1.17%. Intel’s dividend payout ratio is currently 128.21%.

Insider Activity

In related news, CEO Patrick P. Gelsinger bought 3,000 shares of Intel stock in a transaction dated Monday, January 29th. The stock was acquired at an average cost of $43.36 per share, with a total value of $130,080.00. Following the completion of the acquisition, the chief executive officer now directly owns 28,475 shares in the company, valued at approximately $1,234,676. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Patrick P. Gelsinger bought 2,800 shares of Intel stock in a transaction dated Thursday, February 1st. The stock was acquired at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the acquisition, the chief executive officer now directly owns 31,275 shares in the company, valued at approximately $1,336,693.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger bought 3,000 shares of Intel stock in a transaction dated Monday, January 29th. The shares were bought at an average cost of $43.36 per share, with a total value of $130,080.00. Following the completion of the acquisition, the chief executive officer now owns 28,475 shares of the company’s stock, valued at $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by company insiders.

Intel 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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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