Intel Co. (NASDAQ:INTC) Stock Position Raised by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC lifted its position in Intel Co. (NASDAQ:INTCGet Rating) by 12.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,777 shares of the chip maker’s stock after acquiring an additional 844 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Intel were worth $288,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Journey Strategic Wealth LLC increased its stake in shares of Intel by 4.9% during the 1st quarter. Journey Strategic Wealth LLC now owns 12,255 shares of the chip maker’s stock worth $607,000 after purchasing an additional 577 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Intel by 4.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 245,727 shares of the chip maker’s stock worth $12,178,000 after purchasing an additional 10,188 shares during the last quarter. Ensign Peak Advisors Inc boosted its holdings in shares of Intel by 11.5% during the 1st quarter. Ensign Peak Advisors Inc now owns 6,317,869 shares of the chip maker’s stock worth $313,112,000 after buying an additional 651,178 shares during the period. Sawgrass Asset Management LLC bought a new stake in shares of Intel during the 1st quarter worth $1,897,000. Finally, Intercontinental Wealth Advisors LLC boosted its holdings in shares of Intel by 2.2% during the 1st quarter. Intercontinental Wealth Advisors LLC now owns 32,164 shares of the chip maker’s stock worth $1,594,000 after buying an additional 682 shares during the period. Hedge funds and other institutional investors own 61.52% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on INTC shares. Roth Capital reduced their price target on shares of Intel from $48.00 to $40.00 and set a “neutral” rating for the company in a report on Friday, July 29th. Stifel Nicolaus started coverage on shares of Intel in a report on Wednesday, September 7th. They issued a “hold” rating and a $32.00 price target for the company. Tigress Financial reaffirmed a “buy” rating and set a $72.00 price objective on shares of Intel in a report on Friday, June 3rd. Credit Suisse Group set a $45.00 price objective on shares of Intel in a report on Monday, August 1st. Finally, DZ Bank cut shares of Intel from a “hold” rating to a “sell” rating and set a $30.00 target price for the company. in a research report on Tuesday, August 2nd. Nine equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $42.96.

Intel Stock Performance

Shares of INTC opened at $29.24 on Monday. The company has a market cap of $120.06 billion, a PE ratio of 6.26, a price-to-earnings-growth ratio of 1.73 and a beta of 0.65. The company has a current ratio of 1.86, a quick ratio of 1.41 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average price of $35.03 and a 200-day moving average price of $40.87. Intel Co. has a 12-month low of $28.42 and a 12-month high of $56.28.

Intel (NASDAQ:INTCGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The chip maker reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.41). The firm had revenue of $15.30 billion during the quarter, compared to analysts’ expectations of $17.93 billion. Intel had a return on equity of 16.65% and a net margin of 26.03%. Intel’s revenue for the quarter was down 17.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.28 earnings per share. As a group, equities analysts forecast that Intel Co. will post 2.25 earnings per share for the current fiscal year.

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be paid a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date of this dividend is Friday, November 4th. Intel’s payout ratio is 31.26%.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger acquired 14,800 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The stock was bought at an average price of $33.86 per share, for a total transaction of $501,128.00. Following the acquisition, the chief executive officer now directly owns 77,216 shares in the company, valued at $2,614,533.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.02% of the company’s stock.

About Intel

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Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

Further Reading

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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