Powers Advisory Group LLC Has $511,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

Powers Advisory Group LLC lowered its stake in Intel Co. (NASDAQ:INTC) by 5.8% during the first quarter, HoldingsChannel.com reports. The firm owned 11,565 shares of the chip maker’s stock after selling 712 shares during the period. Powers Advisory Group LLC’s holdings in Intel were worth $511,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in INTC. Vanguard Group Inc. increased its stake in shares of Intel by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 385,787,907 shares of the chip maker’s stock valued at $19,385,842,000 after acquiring an additional 4,678,169 shares during the last quarter. Capital International Investors grew its holdings in shares of Intel by 0.3% in the 4th quarter. Capital International Investors now owns 96,617,951 shares of the chip maker’s stock valued at $4,855,099,000 after buying an additional 318,495 shares during the period. Primecap Management Co. CA increased its position in shares of Intel by 0.6% in the 4th quarter. Primecap Management Co. CA now owns 75,237,927 shares of the chip maker’s stock valued at $3,780,706,000 after buying an additional 475,636 shares in the last quarter. Norges Bank bought a new position in Intel during the fourth quarter worth about $2,424,202,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Intel by 543.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,384,507 shares of the chip maker’s stock worth $1,878,572,000 after acquiring an additional 31,575,084 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on INTC shares. Wells Fargo & Company dropped their target price on shares of Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Truist Financial decreased their price objective on Intel from $45.00 to $33.00 and set a “hold” rating for the company in a report on Friday, April 26th. UBS Group upped their price target on Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Benchmark reissued a “buy” rating and issued a $62.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Finally, The Goldman Sachs Group decreased their target price on shares of Intel from $34.00 to $30.00 and set a “sell” rating for the company in a research report on Thursday, May 9th. Three investment 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $39.58.

Intel Trading Up 0.5 %

Shares of INTC stock traded up $0.16 during mid-day trading on Thursday, hitting $31.23. The company’s stock had a trading volume of 24,065,673 shares, compared to its average volume of 36,765,840. Intel Co. has a 52 week low of $29.73 and a 52 week high of $51.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The company’s fifty day simple moving average is $30.88 and its 200-day simple moving average is $39.20. The company has a market cap of $132.95 billion, a PE ratio of 32.53, a P/E/G ratio of 14.81 and a beta of 1.05.

Intel (NASDAQ:INTC) last announced its quarterly earnings data 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 company had revenue of $12.72 billion for the quarter, compared to analyst estimates of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. As a group, equities research analysts expect that Intel Co. will post 0.09 earnings per share for the current fiscal year.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were issued a $0.125 dividend. 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 dividend payout ratio is currently 52.08%.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 4,100 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were acquired at an average price of $30.29 per share, with a total value of $124,189.00. Following the transaction, the chief executive officer now owns 39,375 shares in the company, valued at $1,192,668.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Patrick P. Gelsinger acquired 4,000 shares of the company’s stock in a transaction on Monday, April 29th. The shares were acquired at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the purchase, 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 SEC, which is accessible through this link. Also, CEO Patrick P. Gelsinger bought 4,100 shares of the stock in a transaction dated Wednesday, May 1st. The stock was purchased at an average price of $30.29 per share, with a total value of $124,189.00. Following the acquisition, 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 company insiders.

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.