Epic Trust Investment Advisors LLC Makes New Investment in Intel Co. (NASDAQ:INTC)

Epic Trust Investment Advisors LLC bought a new stake in shares of Intel Co. (NASDAQ:INTC) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,957 shares of the chip maker’s stock, valued at approximately $249,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Slow Capital Inc. lifted its position in Intel by 0.9% during the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock worth $2,749,000 after acquiring an additional 508 shares in the last quarter. Altus Wealth Group LLC grew its holdings in Intel by 29.4% during the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock valued at $1,272,000 after purchasing an additional 5,759 shares in the last quarter. Alera Investment Advisors LLC purchased a new stake in Intel during the 4th quarter worth $201,000. Callan Capital LLC grew its stake in shares of Intel by 9.1% during the fourth quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock valued at $884,000 after acquiring an additional 1,474 shares in the last quarter. Finally, Vanguard Capital Wealth Advisors lifted its stake in shares of Intel by 1.3% in the third quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock worth $1,613,000 after acquiring an additional 574 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Down 2.6 %

Shares of INTC traded down $0.80 during mid-day trading on Tuesday, hitting $30.56. 47,719,316 shares of the company’s stock were exchanged, compared to its average volume of 48,231,777. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. The company has a 50-day simple moving average of $40.63 and a 200 day simple moving average of $42.27. The company has a market cap of $129.21 billion, a PE ratio of 32.34, a P/E/G ratio of 2.89 and a beta of 1.00. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s payout ratio is presently 52.08%.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger purchased 2,800 shares of Intel stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the acquisition, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on INTC shares. Evercore ISI decreased their price target on shares of Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a research report on Friday. Susquehanna dropped their target price on shares of Intel from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday. Morgan Stanley decreased their target price on Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a research note on Friday. Truist Financial lowered their price objective on Intel from $45.00 to $33.00 and set a “hold” rating for the company in a research note on Friday. Finally, Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 price objective on shares of Intel in a report on Friday. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $39.75.

Intel 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.