Founders Financial Securities LLC Increases Stake in Intel Co. (NASDAQ:INTC)

Founders Financial Securities LLC boosted its stake in shares of Intel Co. (NASDAQ:INTC) by 9.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,381 shares of the chip maker’s stock after purchasing an additional 3,079 shares during the period. Founders Financial Securities LLC’s holdings in Intel were worth $1,563,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Home Federal Bank of Tennessee lifted its position in Intel by 12.3% during the first quarter. Home Federal Bank of Tennessee now owns 21,955 shares of the chip maker’s stock valued at $970,000 after purchasing an additional 2,409 shares during the period. Legend Financial Advisors Inc. increased its holdings in shares of Intel by 155,890.9% during the 1st quarter. Legend Financial Advisors Inc. now owns 17,159 shares of the chip maker’s stock valued at $758,000 after purchasing an additional 17,148 shares in the last quarter. Vicus Capital lifted its stake in shares of Intel by 39.5% in the 1st quarter. Vicus Capital now owns 13,674 shares of the chip maker’s stock valued at $604,000 after purchasing an additional 3,872 shares during the period. MCF Advisors LLC lifted its stake in shares of Intel by 46.3% in the 1st quarter. MCF Advisors LLC now owns 33,300 shares of the chip maker’s stock valued at $1,471,000 after purchasing an additional 10,536 shares during the period. Finally, Hodges Capital Management Inc. boosted its holdings in Intel by 5.0% during the first quarter. Hodges Capital Management Inc. now owns 33,490 shares of the chip maker’s stock worth $1,479,000 after buying an additional 1,602 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Trading Up 1.2 %

Shares of NASDAQ:INTC traded up $0.38 during mid-day trading on Friday, reaching $30.97. 41,467,675 shares of the company were exchanged, compared to its average volume of 40,390,884. The firm has a market cap of $131.84 billion, a price-to-earnings ratio of 32.26, a P/E/G ratio of 14.58 and a beta of 1.06. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. Intel Co. has a 1 year low of $29.73 and a 1 year high of $51.28. The firm’s 50-day simple moving average is $31.08 and its 200 day simple moving average is $39.50.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The firm had revenue of $12.72 billion for the quarter, compared to analysts’ expectations of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%. Equities research analysts forecast that Intel Co. will post 0.09 EPS for the current year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Stockholders 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 1.61%. The ex-dividend date was Monday, May 6th. Intel’s dividend payout ratio is currently 52.08%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Truist Financial lowered their price target on Intel from $45.00 to $33.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Wedbush cut their target price on shares of Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a research note on Friday, April 26th. Susquehanna decreased their price target on shares of Intel from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, April 26th. JPMorgan Chase & Co. dropped their price target on Intel from $37.00 to $35.00 and set an “underweight” rating for the company in a research report on Friday, April 26th. Finally, StockNews.com raised Intel from a “sell” rating to a “hold” rating in a research note on Tuesday, June 18th. Three research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $39.58.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger bought 4,100 shares of the 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 purchase, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Intel news, CEO Patrick P. Gelsinger acquired 4,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 35,275 shares in the company, valued at approximately $1,108,340.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Patrick P. Gelsinger purchased 4,100 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was bought 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 directly owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

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.