EP Wealth Advisors LLC Acquires 12,356 Shares of Intel Co. (NASDAQ:INTC)

EP Wealth Advisors LLC increased its holdings in Intel Co. (NASDAQ:INTC) by 13.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,617 shares of the chip maker’s stock after acquiring an additional 12,356 shares during the quarter. EP Wealth Advisors LLC’s holdings in Intel were worth $5,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of INTC. Barrett & Company Inc. raised its position in Intel by 6.1% in the fourth quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock valued at $184,000 after purchasing an additional 210 shares during the period. Revolve Wealth Partners LLC raised its position in Intel by 3.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock valued at $372,000 after purchasing an additional 216 shares during the period. New Millennium Group LLC raised its position in Intel by 87.2% in 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 period. Waldron Private Wealth LLC raised its position in Intel by 0.6% in the fourth quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock valued at $2,063,000 after purchasing an additional 232 shares during the period. Finally, Spreng Capital Management Inc. raised its position in Intel by 1.3% in the fourth quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock valued at $987,000 after purchasing an additional 246 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger purchased 4,100 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were purchased at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the transaction, the chief executive officer now owns 39,375 shares in the company, valued at approximately $1,192,668.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Patrick P. Gelsinger acquired 4,000 shares of the stock in a transaction on Monday, April 29th. The shares were purchased at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the transaction, the chief executive officer now owns 35,275 shares in the company, valued at approximately $1,108,340.50. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Patrick P. Gelsinger acquired 4,100 shares of the stock in a transaction on Wednesday, May 1st. The shares were purchased at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the transaction, the chief executive officer now owns 39,375 shares in the company, valued at approximately $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by company insiders.

Intel Price Performance

NASDAQ:INTC traded down $0.01 during midday trading on Friday, hitting $30.45. 28,125,886 shares of the stock were exchanged, compared to its average volume of 40,317,440. Intel Co. has a one year low of $29.73 and a one year high of $51.28. The company has a market capitalization of $129.63 billion, a price-to-earnings ratio of 31.72, a P/E/G ratio of 14.52 and a beta of 1.06. The business has a 50-day moving average price of $32.22 and a two-hundred day moving average price of $40.40. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Intel had a return on equity of 2.19% and a net margin of 7.36%. The firm had revenue of $12.72 billion for the quarter, compared to the consensus estimate of $12.76 billion. Sell-side analysts predict that Intel Co. will post 0.09 EPS for the current year.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th were given a $0.125 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.64%. Intel’s dividend payout ratio (DPR) is 52.08%.

Analyst Upgrades and Downgrades

Several research firms have commented on INTC. Susquehanna cut their price objective on Intel from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Bank of America lowered their target price on Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. HSBC lowered their target price on Intel from $44.00 to $37.00 and set a “hold” rating for the company in a research note on Tuesday, April 23rd. Benchmark restated a “buy” rating and set a $62.00 target price on shares of Intel in a research note on Wednesday, April 3rd. Finally, The Goldman Sachs Group lowered their target price on Intel from $34.00 to $30.00 and set a “sell” rating for the company in a research note on Thursday, May 9th. Three research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $39.58.

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.