IFG Advisory LLC Acquires 17,531 Shares of Intel Co. (NASDAQ:INTC)

IFG Advisory LLC raised its holdings in Intel Co. (NASDAQ:INTC) by 16.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 123,575 shares of the chip maker’s stock after acquiring an additional 17,531 shares during the period. IFG Advisory LLC’s holdings in Intel were worth $6,210,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New Millennium Group LLC boosted its stake in shares of Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares in the last quarter. Valued Wealth Advisors LLC acquired a new stake in shares of Intel during the fourth quarter valued at about $36,000. Cornerstone Planning Group LLC acquired a new stake in shares of Intel during the second quarter valued at about $25,000. Lumature Wealth Partners LLC boosted its stake in shares of Intel by 146.7% during the first quarter. Lumature Wealth Partners LLC now owns 824 shares of the chip maker’s stock valued at $41,000 after purchasing an additional 490 shares in the last quarter. Finally, Legacy Financial Group LLC acquired a new stake in shares of Intel during the third quarter valued at about $30,000. Institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Shares of INTC opened at $43.77 on Thursday. Intel Co. has a 52-week low of $26.85 and a 52-week high of $51.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The stock’s 50-day simple moving average is $43.98 and its 200 day simple moving average is $42.01. The stock has a market capitalization of $185.06 billion, a price-to-earnings ratio of 112.23, a price-to-earnings-growth ratio of 4.38 and a beta of 1.00.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The business had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same quarter last year, the business posted $0.10 EPS. The business’s revenue was up 9.7% on a year-over-year basis. Research analysts forecast that Intel Co. will post 0.64 EPS for the current fiscal year.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s payout ratio is presently 128.21%.

Insider Activity

In other news, CEO Patrick P. Gelsinger bought 3,000 shares of the stock in a transaction dated Monday, January 29th. The stock was bought at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the purchase, the chief executive officer now directly owns 28,475 shares in the company, valued at approximately $1,234,676. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger bought 2,800 shares of Intel stock in a transaction on Thursday, February 1st. The stock was acquired at an average price of $42.74 per share, with a total value of $119,672.00. Following the acquisition, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average cost of $43.36 per share, with a total value of $130,080.00. Following the acquisition, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on INTC shares. Barclays lifted their price target on Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 16th. Wells Fargo & Company cut their price objective on Intel from $52.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Friday, January 26th. HSBC cut their price objective on Intel from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Friday, January 26th. Raymond James cut their price objective on Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a research note on Friday, January 26th. Finally, Stifel Nicolaus boosted their price target on Intel from $38.00 to $45.00 and gave the company a “hold” rating in a research note on Tuesday, January 2nd. Four investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.48.

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.