Cohen Investment Advisors LLC Has $2.72 Million Holdings in Intel Co. (NASDAQ:INTC)

Cohen Investment Advisors LLC grew its position in shares of Intel Co. (NASDAQ:INTC) by 9.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,608 shares of the chip maker’s stock after buying an additional 5,441 shares during the quarter. Intel makes up about 1.8% of Cohen Investment Advisors LLC’s investment portfolio, making the stock its 27th largest holding. Cohen Investment Advisors LLC’s holdings in Intel were worth $2,721,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. FORVIS Wealth Advisors LLC increased its position in Intel by 2.3% during the first quarter. FORVIS Wealth Advisors LLC now owns 113,395 shares of the chip maker’s stock worth $5,009,000 after buying an additional 2,569 shares during the last quarter. Veracity Capital LLC raised its stake in shares of Intel by 23.5% in the 1st quarter. Veracity Capital LLC now owns 18,171 shares of the chip maker’s stock valued at $803,000 after acquiring an additional 3,455 shares in the last quarter. American National Bank & Trust Co. VA acquired a new stake in Intel in the 1st quarter worth approximately $4,367,000. New Century Financial Group LLC boosted its position in Intel by 9.9% during the first quarter. New Century Financial Group LLC now owns 14,158 shares of the chip maker’s stock worth $625,000 after purchasing an additional 1,273 shares during the period. Finally, Financial Perspectives Inc grew its holdings in Intel by 26.5% during the first quarter. Financial Perspectives Inc now owns 6,603 shares of the chip maker’s stock valued at $292,000 after purchasing an additional 1,382 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling at Intel

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on INTC shares. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 price objective on shares of Intel in a report on Friday, April 26th. Citigroup lowered their price target on Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Evercore ISI cut their price objective on Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a research report on Friday, April 26th. Mizuho lowered their target price on Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Finally, Wolfe Research raised Intel from an “underperform” rating to a “peer perform” rating in a research report on Thursday, May 16th. Three equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $39.58.

Intel Price Performance

Shares of NASDAQ INTC traded up $0.16 during trading on Thursday, reaching $31.23. The company 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 business’s 50 day moving average price is $30.88 and its 200-day moving average price is $39.20. The stock has a market cap of $132.95 billion, a PE ratio of 32.53, a PEG 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 analysts’ consensus estimates of ($0.03) by ($0.03). Intel had a net margin of 7.36% and a return on equity of 2.19%. The firm had revenue of $12.72 billion during the quarter, compared to the consensus estimate of $12.76 billion. Analysts expect that Intel Co. will post 0.09 earnings per share for the current year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were issued a $0.125 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.60%. Intel’s dividend payout ratio is currently 52.08%.

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.