Cohen Investment Advisors LLC Has $2.72 Million Stock Position in Intel Co. (NASDAQ:INTC)

Cohen Investment Advisors LLC boosted its holdings in Intel Co. (NASDAQ:INTCFree Report) by 9.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 61,608 shares of the chip maker’s stock after acquiring an additional 5,441 shares during the quarter. Intel makes up approximately 1.8% of Cohen Investment Advisors LLC’s holdings, making the stock its 27th biggest holding. Cohen Investment Advisors LLC’s holdings in Intel were worth $2,721,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New Millennium Group LLC grew its holdings in shares of 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. Frazier Financial Advisors LLC acquired a new position in shares of Intel during the fourth quarter worth $27,000. Burkett Financial Services LLC acquired a new position in shares of Intel during the fourth quarter worth $27,000. Tributary Capital Management LLC bought a new position in shares of Intel in the 1st quarter valued at $27,000. Finally, 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 valued at $33,000 after acquiring an additional 362 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Stock Up 0.5 %

NASDAQ:INTC traded up $0.16 during trading hours on Thursday, hitting $31.23. 24,065,673 shares of the company traded hands, compared to its average volume of 36,765,840. 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 market cap of $132.95 billion, a PE ratio of 32.53, a PEG ratio of 14.81 and a beta of 1.05. The firm’s 50-day simple moving average is $30.88 and its 200-day simple moving average is $39.20. Intel Co. has a one year low of $29.73 and a one year high of $51.28.

Intel (NASDAQ:INTCGet Free Report) last released its quarterly 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). Intel had a net margin of 7.36% and a return on equity of 2.19%. The firm had revenue of $12.72 billion for the quarter, compared to the consensus estimate of $12.76 billion. Equities analysts predict that Intel Co. will post 0.09 earnings per share for the current year.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Monday, May 6th. Intel’s payout ratio is 52.08%.

Wall Street Analyst Weigh In

INTC has been the subject of several research reports. Morgan Stanley dropped their target price on Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Barclays cut their target price on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Wolfe Research raised shares of Intel from an “underperform” rating to a “peer perform” rating in a research note on Thursday, May 16th. Rosenblatt Securities reissued a “sell” rating and issued a $17.00 price objective on shares of Intel in a research note on Friday, April 26th. Finally, Wells Fargo & Company lowered their target price on Intel from $43.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Intel has a consensus rating of “Hold” and an average target price of $39.58.

Check Out Our Latest Analysis on Intel

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger acquired 4,100 shares of Intel stock in a transaction on Wednesday, May 1st. The stock was purchased at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the purchase, 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 document filed with the SEC, which is accessible through the SEC website. In other news, CEO Patrick P. Gelsinger acquired 4,000 shares of Intel stock in a transaction on Monday, April 29th. The stock was acquired 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 $1,108,340.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick P. Gelsinger bought 4,100 shares of the stock in a transaction on Wednesday, May 1st. The stock was purchased at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the purchase, 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.

About Intel

(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.

See Also

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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