Intel Co. (NASDAQ:INTC) Shares Purchased by West Family Investments Inc.

West Family Investments Inc. boosted its position in Intel Co. (NASDAQ:INTC) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,090 shares of the chip maker’s stock after acquiring an additional 688 shares during the quarter. West Family Investments Inc.’s holdings in Intel were worth $407,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Accurate Wealth Management LLC raised its holdings in Intel by 19.1% during the third quarter. Accurate Wealth Management LLC now owns 7,331 shares of the chip maker’s stock worth $264,000 after purchasing an additional 1,176 shares in the last quarter. Raymond James & Associates grew its position in shares of Intel by 11.6% during the third quarter. Raymond James & Associates now owns 4,781,340 shares of the chip maker’s stock worth $169,977,000 after acquiring an additional 495,303 shares during the last quarter. Simon Quick Advisors LLC purchased a new position in shares of Intel during the third quarter worth approximately $217,000. Stratos Wealth Partners LTD. grew its position in shares of Intel by 3.7% during the third quarter. Stratos Wealth Partners LTD. now owns 154,025 shares of the chip maker’s stock worth $5,476,000 after acquiring an additional 5,535 shares during the last quarter. Finally, Stratos Wealth Advisors LLC grew its position in shares of Intel by 18.2% during the third quarter. Stratos Wealth Advisors LLC now owns 47,535 shares of the chip maker’s stock worth $1,690,000 after acquiring an additional 7,335 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Price Performance

INTC stock traded down $0.04 during trading on Thursday, hitting $30.33. The stock had a trading volume of 20,842,974 shares, compared to its average volume of 48,362,094. The company’s 50 day moving average price is $40.09 and its two-hundred day moving average price is $42.14. Intel Co. has a 1-year low of $26.85 and a 1-year high of $51.28. The stock has a market cap of $129.11 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 8.39 and a beta of 1.09. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.65%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio (DPR) is 52.08%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on INTC. Wells Fargo & Company lowered their target price on shares of Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Susquehanna lowered their target price on shares of Intel from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Roth Mkm lowered their price objective 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. TD Cowen lowered their price objective on shares of Intel from $42.00 to $35.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Finally, Barclays lowered their price objective on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Four research 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 MarketBeat, the company has a consensus rating of “Hold” and an average target price of $39.75.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 4,000 shares of the stock in a transaction on Monday, April 29th. The stock was bought at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the acquisition, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.04% of the stock is owned by company insiders.

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.