Atomi Financial Group Inc. Has $1.27 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Atomi Financial Group Inc. lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 63.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 28,820 shares of the chip maker’s stock after selling 51,008 shares during the period. Atomi Financial Group Inc.’s holdings in Intel were worth $1,273,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. New Millennium Group LLC raised its holdings in shares of Intel by 87.2% in the 4th 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. Burkett Financial Services LLC bought a new stake in Intel during the 4th quarter worth approximately $27,000. Frazier Financial Advisors LLC bought a new stake in Intel during the 4th quarter worth approximately $27,000. Tributary Capital Management LLC bought a new stake in Intel during the 1st quarter worth approximately $27,000. Finally, Valued Wealth Advisors LLC bought a new stake in Intel during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Wolfe Research upgraded Intel from an “underperform” rating to a “peer perform” rating in a research report on Thursday, May 16th. Mizuho decreased their price objective on Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Sanford C. Bernstein decreased their price objective on Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a research report on Friday, April 26th. Finally, TD Cowen cut their price target on Intel from $42.00 to $35.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. 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’s stock. According to MarketBeat, Intel has an average rating of “Hold” and an average price target of $39.58.

Insiders Place Their Bets

In other news, CEO Patrick P. Gelsinger bought 4,100 shares of the stock in a transaction on Wednesday, May 1st. The shares were acquired at an average cost of $30.29 per share, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Patrick P. Gelsinger acquired 4,000 shares of the stock in a transaction dated Monday, April 29th. The shares were purchased at an average price of $31.42 per share, for a total transaction 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 acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Patrick P. Gelsinger acquired 4,100 shares of the stock in a transaction dated Wednesday, May 1st. The shares were bought at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the transaction, the chief executive officer now 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 traded down $0.07 on Monday, hitting $34.42. The company’s stock had a trading volume of 27,627,746 shares, compared to its average volume of 47,196,684. The company’s 50 day simple moving average is $31.16 and its 200-day simple moving average is $38.43. The firm has a market cap of $146.53 billion, a P/E ratio of 35.95, a price-to-earnings-growth ratio of 16.44 and a beta of 1.05. Intel Co. has a 12 month low of $29.73 and a 12 month high of $51.28. 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 (NASDAQ:INTC) last posted its earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Intel had a return on equity of 2.19% and a net margin of 7.36%. The firm had revenue of $12.72 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Analysts forecast that Intel Co. will post 0.09 EPS for the current year.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s dividend payout ratio is presently 52.08%.

About Intel

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.