IFG Advisory LLC Grows Stock Holdings in Intel Co. (NASDAQ:INTC)

IFG Advisory LLC lifted its position in shares of Intel Co. (NASDAQ:INTC) by 16.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 123,575 shares of the chip maker’s stock after purchasing an additional 17,531 shares during the period. IFG Advisory LLC’s holdings in Intel were worth $6,210,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of INTC. New Millennium Group LLC lifted its position 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 worth $25,000 after purchasing an additional 231 shares during the last quarter. Cornerstone Planning Group LLC purchased a new stake in shares of Intel during the 2nd quarter worth $25,000. Legacy Financial Group LLC purchased a new stake in shares of Intel during the 3rd quarter worth $30,000. Milestone Investment Advisors LLC purchased a new stake in shares of Intel during the 1st quarter worth $32,000. Finally, Raleigh Capital Management Inc. lifted its position in Intel by 62.8% in the third 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 during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analysts Set New Price Targets

INTC has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Intel from $38.00 to $42.00 and gave the company a “hold” rating in a research report on Monday, December 18th. The Goldman Sachs Group boosted their price target on shares of Intel from $34.00 to $39.00 and gave the company a “sell” rating in a research report on Friday, January 26th. Wells Fargo & Company reduced their target price on shares of Intel from $52.00 to $48.00 and set an “equal weight” rating for the company in a report on Friday, January 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 26th. Finally, TD Cowen reduced their target price on shares of Intel from $45.00 to $42.00 and set a “market perform” rating for the company in a report on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Intel has an average rating of “Hold” and a consensus price target of $41.48.

Intel Stock Performance

Intel stock opened at $43.77 on Thursday. The firm’s 50 day simple moving average is $43.98 and its 200-day simple moving average is $42.01. The company has a market cap of $185.06 billion, a P/E ratio of 112.23, a price-to-earnings-growth ratio of 4.38 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. Intel Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The firm had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same period in the previous year, the company earned $0.10 earnings per share. The company’s revenue was up 9.7% compared to the same quarter last year. As a group, equities research analysts predict that Intel Co. will post 0.64 EPS for the current year.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Tuesday, February 6th. Intel’s payout ratio is 128.21%.

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.