5,195 Shares in Intel Co. (NASDAQ:INTC) Purchased by Magnus Financial Group LLC

Magnus Financial Group LLC bought a new stake in shares of Intel Co. (NASDAQ:INTC) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,195 shares of the chip maker’s stock, valued at approximately $261,000.

A number of other large investors also recently made changes to their positions in INTC. New Millennium Group LLC boosted its position in 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 during the last quarter. Valued Wealth Advisors LLC acquired a new stake in shares of Intel during the 4th quarter valued at about $36,000. Legacy Financial Group LLC bought a new stake in shares of Intel in the 3rd quarter valued at approximately $30,000. 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. Finally, Financial Connections Group Inc. bought a new position in Intel during the fourth quarter valued at approximately $52,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Stifel Nicolaus restated a “hold” rating and set a $45.00 price target on shares of Intel in a research note on Wednesday, April 3rd. The Goldman Sachs Group reduced their price target on Intel from $39.00 to $34.00 and set a “sell” rating for the company in a research report on Friday. Rosenblatt Securities reissued a “sell” rating and set a $17.00 price objective on shares of Intel in a report on Friday. TD Cowen reduced their target price on Intel from $42.00 to $35.00 and set a “hold” rating for the company in a report on Friday. Finally, Roth Mkm lowered their price target on Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Intel has an average rating of “Hold” and an average price target of $39.75.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of the stock in a transaction on Thursday, February 1st. The stock was purchased at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.04% of the company’s stock.

Intel Trading Down 1.6 %

Shares of INTC opened at $31.36 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The stock has a market cap of $132.59 billion, a PE ratio of 32.67, a PEG ratio of 2.89 and a beta of 1.00. Intel Co. has a 1 year low of $26.85 and a 1 year high of $51.28. The stock has a 50 day simple moving average of $40.63 and a 200-day simple moving average of $42.27.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be paid a dividend of $0.125 per share. The ex-dividend date is Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.59%. Intel’s dividend payout ratio is currently 52.08%.

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.