Capital Investment Advisory Services LLC Has $2.51 Million Holdings in Intel Co. (NASDAQ:INTC)

Capital Investment Advisory Services LLC lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,013 shares of the chip maker’s stock after selling 881 shares during the period. Capital Investment Advisory Services LLC’s holdings in Intel were worth $2,513,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of INTC. New Millennium Group LLC increased 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 valued at $25,000 after purchasing an additional 231 shares during the period. Cornerstone Planning Group LLC acquired a new position in Intel in the second quarter worth approximately $25,000. Legacy Financial Group LLC acquired a new position in Intel in the third quarter worth approximately $30,000. Milestone Investment Advisors LLC acquired a new position in Intel in the first quarter worth approximately $32,000. Finally, Raleigh Capital Management Inc. increased its holdings in Intel by 62.8% in the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after buying an additional 362 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on INTC shares. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, January 26th. Benchmark restated a “buy” rating and issued a $62.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Raymond James dropped their price objective on Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. Morgan Stanley upped their target price on Intel from $39.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Finally, TD Cowen decreased their target price on Intel from $45.00 to $42.00 and set a “market perform” rating for the company in a research report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.62.

Intel Trading Down 2.4 %

Intel stock traded down $0.84 during mid-day trading on Friday, hitting $34.20. The stock had a trading volume of 59,070,310 shares, compared to its average volume of 48,337,516. The stock has a 50-day simple moving average of $41.85 and a two-hundred day simple moving average of $42.34. The stock has a market capitalization of $144.60 billion, a PE ratio of 87.69, a P/E/G ratio of 3.07 and a beta of 1.00. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $15.16 billion. During the same quarter last year, the business earned $0.10 earnings per share. The company’s revenue was up 9.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Intel Co. will post 0.61 EPS for the current year.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is currently 128.21%.

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.