Wealthcare Advisory Partners LLC Buys 11,947 Shares of Intel Co. (NASDAQ:INTC)

Wealthcare Advisory Partners LLC grew its holdings in Intel Co. (NASDAQ:INTC) by 35.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,630 shares of the chip maker’s stock after acquiring an additional 11,947 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Intel were worth $2,293,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Intel by 0.4% in the third quarter. Vanguard Group Inc. now owns 381,109,738 shares of the chip maker’s stock worth $13,548,451,000 after purchasing an additional 1,624,453 shares in the last quarter. Primecap Management Co. CA lifted its holdings in Intel by 6.0% during the 3rd quarter. Primecap Management Co. CA now owns 74,762,291 shares of the chip maker’s stock valued at $2,657,799,000 after buying an additional 4,226,790 shares in the last quarter. Northern Trust Corp lifted its holdings in Intel by 3.7% during the 3rd quarter. Northern Trust Corp now owns 46,003,776 shares of the chip maker’s stock valued at $1,635,434,000 after buying an additional 1,626,127 shares in the last quarter. Invesco Ltd. lifted its holdings in Intel by 13.4% during the 3rd quarter. Invesco Ltd. now owns 35,788,068 shares of the chip maker’s stock valued at $1,272,266,000 after buying an additional 4,222,381 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Intel by 17.8% during the 3rd quarter. Wellington Management Group LLP now owns 34,564,037 shares of the chip maker’s stock valued at $1,228,752,000 after buying an additional 5,217,549 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Price Performance

Shares of Intel stock traded up $0.07 during trading hours on Monday, reaching $30.97. 36,153,059 shares of the company’s stock were exchanged, compared to its average volume of 48,448,844. Intel Co. has a 1 year low of $26.85 and a 1 year high of $51.28. The company has a market capitalization of $131.84 billion, a P/E ratio of 32.26, a price-to-earnings-growth ratio of 10.05 and a beta of 1.09. The business has a fifty day moving average of $39.36 and a two-hundred day moving average of $42.08. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s payout ratio is 52.08%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Mizuho cut their target price on shares of Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. JPMorgan Chase & Co. cut their price objective on shares of Intel from $37.00 to $35.00 and set an “underweight” rating on the stock in a research report on Friday, April 26th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $50.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Bank of America cut their price objective on shares of Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. Finally, Roth Mkm dropped their target price on shares of Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Four 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $39.75.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger acquired 4,100 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average price of $30.29 per share, with a total value of $124,189.00. Following the completion of the acquisition, the chief executive officer now owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Patrick P. Gelsinger acquired 4,100 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average price of $30.29 per share, with a total value of $124,189.00. Following the completion of the acquisition, the chief executive officer now owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger acquired 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average cost of $31.42 per share, with a total value of $125,680.00. Following the acquisition, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. 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.