Intel Co. (NASDAQ:INTC) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC boosted its position in Intel Co. (NASDAQ:INTC) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 98,320 shares of the chip maker’s stock after purchasing an additional 2,915 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Intel were worth $4,764,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in INTC. Schechter Investment Advisors LLC lifted its stake in Intel by 7.7% in the 3rd quarter. Schechter Investment Advisors LLC now owns 45,989 shares of the chip maker’s stock worth $1,635,000 after purchasing an additional 3,301 shares in the last quarter. Wealthspire Advisors LLC lifted its position in Intel by 27.3% during the third quarter. Wealthspire Advisors LLC now owns 72,782 shares of the chip maker’s stock worth $2,587,000 after buying an additional 15,625 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its stake in Intel by 26.3% during the third quarter. Harvest Fund Management Co. Ltd now owns 34,105 shares of the chip maker’s stock worth $1,211,000 after buying an additional 7,102 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Intel by 9.2% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,349,860 shares of the chip maker’s stock valued at $154,638,000 after buying an additional 365,728 shares in the last quarter. Finally, Financial Sense Advisors Inc. increased its stake in shares of Intel by 223.5% in the 3rd quarter. Financial Sense Advisors Inc. now owns 20,133 shares of the chip maker’s stock worth $716,000 after acquiring an additional 13,909 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger acquired 4,000 shares of Intel stock in a transaction dated Monday, April 29th. The stock was acquired 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 of the company’s stock, valued at $1,108,340.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Patrick P. Gelsinger bought 4,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were acquired 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 of the company’s stock, valued at $1,108,340.50. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger bought 4,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average cost of $30.29 per share, with a total value of $124,189.00. Following the completion of 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. 0.04% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price target on shares of Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Citigroup dropped their price target on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Bank of America cut their price target on shares of Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, April 12th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $50.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Finally, Barclays cut their target price on Intel from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Three research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $39.58.

Intel Trading Up 2.1 %

Shares of NASDAQ:INTC opened at $30.72 on Monday. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28. The company’s 50 day moving average is $35.75 and its two-hundred day moving average is $41.58. The company has a market cap of $130.78 billion, a PE ratio of 32.00, a P/E/G ratio of 14.76 and a beta of 1.09. The company has a current ratio of 1.57, a quick ratio of 1.14 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) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The business had revenue of $12.72 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%. Equities analysts predict that Intel Co. will post 0.09 earnings per share for the current fiscal year.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s payout ratio is 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.