Phoenix Wealth Advisors Acquires Shares of 4,853 Intel Co. (NASDAQ:INTC)

Phoenix Wealth Advisors purchased a new position in Intel Co. (NASDAQ:INTC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,853 shares of the chip maker’s stock, valued at approximately $232,000.

A number of other hedge funds have also made changes to their positions in the stock. Barrett & Company Inc. increased its stake in shares of Intel by 6.1% in the 4th quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock valued at $184,000 after acquiring an additional 210 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Intel by 3.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock valued at $372,000 after acquiring an additional 216 shares during the last quarter. New Millennium Group LLC increased its stake 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 valued at $25,000 after acquiring an additional 231 shares during the last quarter. Waldron Private Wealth LLC increased its stake in Intel by 0.6% during the 4th quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock worth $2,063,000 after purchasing an additional 232 shares in the last quarter. Finally, Spreng Capital Management Inc. increased its stake in Intel by 1.3% during the 4th quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock worth $987,000 after purchasing an additional 246 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on INTC shares. TD Cowen lowered their target price on Intel from $45.00 to $42.00 and set a “market perform” rating for the company in a research note on Friday, January 26th. Raymond James reduced their price target on Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. HSBC reduced their price target on Intel from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Friday, January 26th. Benchmark reaffirmed a “buy” rating and set a $62.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Finally, Wedbush reaffirmed a “neutral” rating and set a $40.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Four research analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Intel currently has an average rating of “Hold” and a consensus target price of $42.69.

Intel Trading Down 1.4 %

Shares of INTC stock traded down $0.51 during mid-day trading on Wednesday, reaching $35.75. 10,086,459 shares of the stock traded hands, compared to its average volume of 46,486,672. The stock’s fifty day simple moving average is $42.32 and its two-hundred day simple moving average is $42.40. Intel Co. has a 1-year low of $26.85 and a 1-year high of $51.28. The company has a market cap of $151.15 billion, a price-to-earnings ratio of 92.03, a price-to-earnings-growth ratio of 3.21 and a beta of 1.00. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The firm had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same period last year, the firm posted $0.10 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, research analysts anticipate that Intel Co. will post 0.62 EPS for the current fiscal year.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s payout ratio is 128.21%.

Insider Activity

In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the purchase, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the purchase, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 bought at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the purchase, the chief executive officer now owns 28,475 shares of the company’s stock, valued at $1,234,676. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

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.