Avantax Planning Partners Inc. Grows Stock Position in Intel Co. (NASDAQ:INTC)

Avantax Planning Partners Inc. raised its holdings in shares of Intel Co. (NASDAQ:INTCFree Report) by 5.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,598 shares of the chip maker’s stock after acquiring an additional 1,314 shares during the quarter. Avantax Planning Partners Inc.’s holdings in Intel were worth $1,387,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Barrett & Company Inc. increased its holdings in Intel by 6.1% during the 4th quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock valued at $184,000 after acquiring an additional 210 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Intel by 3.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock worth $372,000 after buying an additional 216 shares in the last quarter. New Millennium Group LLC grew its holdings in shares of Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after buying an additional 231 shares in the last quarter. Waldron Private Wealth LLC grew its holdings in shares of Intel by 0.6% during the fourth quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock worth $2,063,000 after buying an additional 232 shares in the last quarter. Finally, Spreng Capital Management Inc. grew its holdings in shares of Intel by 1.3% during the fourth quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock worth $987,000 after buying an additional 246 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger acquired 4,100 shares of Intel stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average price of $30.29 per share, with a total value of $124,189.00. Following the completion of the acquisition, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Patrick P. Gelsinger acquired 4,000 shares of Intel stock in a transaction that occurred on Monday, April 29th. The stock was acquired at an average price of $31.42 per share, with a total value of $125,680.00. Following the completion of the acquisition, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 4,100 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was acquired at an average cost of $30.29 per share, with a total value of $124,189.00. Following the completion of the acquisition, the chief executive officer now directly owns 39,375 shares in the company, valued at approximately $1,192,668.75. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

Intel Stock Performance

INTC stock traded up $0.65 during trading on Friday, hitting $30.73. 21,916,324 shares of the company’s stock traded hands, compared to its average volume of 47,844,574. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28. The stock has a fifty day moving average price of $35.99 and a two-hundred day moving average price of $41.58. The stock has a market capitalization of $130.82 billion, a price-to-earnings ratio of 32.07, a price-to-earnings-growth ratio of 15.10 and a beta of 1.09.

Intel (NASDAQ:INTCGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The firm had revenue of $12.72 billion for the quarter, compared to the consensus estimate of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. As a group, equities analysts anticipate that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.63%. The ex-dividend date is Monday, May 6th. Intel’s payout ratio is currently 52.08%.

Analysts Set New Price Targets

INTC has been the subject of a number of recent research reports. Rosenblatt Securities reiterated a “sell” rating and set a $17.00 price target on shares of Intel in a report on Friday, April 26th. Truist Financial lowered their price target on shares of Intel from $45.00 to $33.00 and set a “hold” rating for the company in a report on Friday, April 26th. Sanford C. Bernstein decreased their target price on shares of Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a research report on Friday, April 26th. Raymond James decreased their target price on shares of Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. Finally, UBS Group raised their target price on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Three investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $39.58.

Read Our Latest Stock Report on Intel

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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