Resurgent Financial Advisors LLC Acquires 409 Shares of Intel Co. (NASDAQ:INTC)

Resurgent Financial Advisors LLC grew its holdings in Intel Co. (NASDAQ:INTC) by 4.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,140 shares of the chip maker’s stock after buying an additional 409 shares during the period. Resurgent Financial Advisors LLC’s holdings in Intel were worth $404,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Barrett & Company Inc. grew its position in Intel by 6.1% during the 4th quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock worth $184,000 after acquiring an additional 210 shares during the last quarter. New Millennium Group LLC grew its holdings in shares of Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after purchasing an additional 231 shares during the last quarter. Waldron Private Wealth LLC increased its stake in shares of Intel by 0.6% in 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 during the period. Spreng Capital Management Inc. increased its stake in shares of Intel by 1.3% in 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 during the period. Finally, Valley National Advisers Inc. raised its holdings in Intel by 4.3% during the 4th quarter. Valley National Advisers Inc. now owns 5,974 shares of the chip maker’s stock valued at $300,000 after buying an additional 246 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Insider Activity at Intel

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

Intel Stock Down 1.3 %

INTC stock traded down $0.45 during trading on Tuesday, hitting $32.92. 13,971,822 shares of the stock traded hands, compared to its average volume of 47,811,305. The stock has a market cap of $140.14 billion, a price-to-earnings ratio of 34.41, a price-to-earnings-growth ratio of 19.74 and a beta of 1.05. 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 moving average is $31.61 and its two-hundred day moving average is $37.81.

Intel (NASDAQ:INTC) last issued 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). The firm had revenue of $12.72 billion during 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%. On average, sell-side analysts anticipate that Intel Co. will post 0.07 EPS for the current year.

Intel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.52%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Analysts Set New Price Targets

A number of brokerages have issued reports on INTC. Evercore ISI cut their price target on shares of Intel from $40.00 to $36.00 and set an “in-line” rating on the stock 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 for the company in a research report on Monday, April 15th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, April 26th. Rosenblatt Securities reissued a “sell” rating and set a $17.00 target price on shares of Intel in a research note 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 analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $39.25.

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.