Intel Co. (NASDAQ:INTC) Stake Increased by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC raised its holdings in shares of Intel Co. (NASDAQ:INTCFree Report) by 0.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83,017 shares of the chip maker’s stock after purchasing an additional 350 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Intel were worth $3,667,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Mechanics Bank Trust Department increased its stake in Intel by 0.8% during the first quarter. Mechanics Bank Trust Department now owns 38,540 shares of the chip maker’s stock valued at $1,702,000 after purchasing an additional 320 shares during the last quarter. Annex Advisory Services LLC grew its position in shares of Intel by 93.7% during the first quarter. Annex Advisory Services LLC now owns 11,840 shares of the chip maker’s stock worth $523,000 after acquiring an additional 5,726 shares during the last quarter. Jacobs & Co. CA grew its position in shares of Intel by 2.5% during the first quarter. Jacobs & Co. CA now owns 301,342 shares of the chip maker’s stock worth $13,310,000 after acquiring an additional 7,423 shares during the last quarter. Charles Schwab Trust Co grew its position in shares of Intel by 7.6% during the first quarter. Charles Schwab Trust Co now owns 7,947 shares of the chip maker’s stock worth $351,000 after acquiring an additional 563 shares during the last quarter. Finally, Allen Mooney & Barnes Investment Advisors LLC grew its position in shares of Intel by 9.4% during the first quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 15,921 shares of the chip maker’s stock worth $703,000 after acquiring an additional 1,363 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling

In other news, CEO Patrick P. Gelsinger acquired 4,100 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were purchased at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the acquisition, the chief executive officer now owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Intel news, CEO Patrick P. Gelsinger acquired 4,000 shares of Intel stock in a transaction dated Monday, April 29th. The stock was bought at an average cost of $31.42 per share, with a total value of $125,680.00. Following the completion of the transaction, the chief executive officer now owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick P. Gelsinger bought 4,100 shares of Intel stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average cost of $30.29 per share, with a total value of $124,189.00. Following the completion of the transaction, the chief executive officer now owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

INTC has been the subject of several recent research reports. Barclays lowered their price target on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Wolfe Research upgraded shares of Intel from an “underperform” rating to a “peer perform” rating in a research report on Thursday, May 16th. UBS Group upped their price objective on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. HSBC reduced their price objective on shares of Intel from $44.00 to $37.00 and set a “hold” rating for the company in a report on Tuesday, April 23rd. Finally, Susquehanna reduced their price objective on shares of Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $39.58.

Check Out Our Latest Analysis on INTC

Intel Stock Up 0.2 %

Shares of INTC traded up $0.07 during trading hours on Tuesday, reaching $30.64. The company’s stock had a trading volume of 17,586,205 shares, compared to its average volume of 47,060,148. The firm has a market cap of $130.43 billion, a price-to-earnings ratio of 32.10, a P/E/G ratio of 14.82 and a beta of 1.06. Intel Co. has a 1-year low of $29.73 and a 1-year high of $51.28. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The company has a 50 day moving average of $31.45 and a two-hundred day moving average of $39.83.

Intel (NASDAQ:INTCGet Free Report) last issued its earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The business had revenue of $12.72 billion during the quarter, compared to analyst estimates of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%. As a group, research analysts predict that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were issued a $0.125 dividend. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.63%. Intel’s dividend payout ratio is 52.08%.

Intel Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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