American Financial Advisors LLC Acquires New Position in Intel Co. (NASDAQ:INTC)

American Financial Advisors LLC acquired a new stake in Intel Co. (NASDAQ:INTC) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,426 shares of the chip maker’s stock, valued at approximately $273,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Slow Capital Inc. raised its stake in Intel by 0.9% in the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock valued at $2,749,000 after acquiring an additional 508 shares during the period. Altus Wealth Group LLC grew its holdings in Intel by 29.4% during the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock valued at $1,272,000 after buying an additional 5,759 shares in the last quarter. Alera Investment Advisors LLC purchased a new position in Intel during the 4th quarter valued at about $201,000. Vanguard Capital Wealth Advisors grew its holdings in Intel by 1.3% during the 3rd quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock valued at $1,613,000 after buying an additional 574 shares in the last quarter. Finally, Prosperity Wealth Management Inc. purchased a new position in Intel during the 4th quarter valued at about $293,000. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Down 2.4 %

INTC stock traded down $0.84 during midday trading on Friday, hitting $34.20. The stock had a trading volume of 58,975,320 shares, compared to its average volume of 47,020,445. The firm has a market cap of $144.60 billion, a price-to-earnings ratio of 88.23, a price-to-earnings-growth ratio of 3.20 and a beta of 1.00. The business has a 50-day moving average of $42.03 and a two-hundred day moving average of $42.30. Intel Co. has a 52-week low of $26.85 and a 52-week high of $51.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.27. The company had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 earnings per share. As a group, equities research analysts forecast that Intel Co. will post 0.61 earnings per share for the current fiscal year.

Intel Dividend Announcement

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

Insider Transactions at Intel

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

Analysts Set New Price Targets

INTC has been the subject of a number of recent analyst reports. Morgan Stanley lifted their target price on Intel from $39.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Bank of America reduced their target price on Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, April 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 26th. HSBC cut their price objective on Intel from $46.00 to $44.00 and set a “hold” rating for the company in a report on Friday, January 26th. Finally, Mizuho cut their price objective on Intel from $58.00 to $55.00 and set a “buy” rating for the company in a report on Friday, January 26th. Four research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $42.62.

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.