Ironwood Financial llc Boosts Position in Intel Co. (NASDAQ:INTC)

Ironwood Financial llc increased its position in Intel Co. (NASDAQ:INTC) by 5.6% in the first quarter, Holdings Channel.com reports. The fund owned 6,542 shares of the chip maker’s stock after acquiring an additional 344 shares during the quarter. Ironwood Financial llc’s holdings in Intel were worth $289,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Red Door Wealth Management LLC increased its holdings in shares of Intel by 7.7% in the 1st quarter. Red Door Wealth Management LLC now owns 111,514 shares of the chip maker’s stock worth $4,926,000 after buying an additional 7,978 shares during the last quarter. Avalon Capital Management boosted its stake in Intel by 10.4% in the first quarter. Avalon Capital Management now owns 11,665 shares of the chip maker’s stock worth $515,000 after buying an additional 1,100 shares in the last quarter. Cornerstone Wealth Group LLC grew its position in Intel by 44.0% during the first quarter. Cornerstone Wealth Group LLC now owns 31,853 shares of the chip maker’s stock valued at $1,407,000 after acquiring an additional 9,734 shares during the last quarter. New Mexico Educational Retirement Board raised its stake in shares of Intel by 9.1% during the first quarter. New Mexico Educational Retirement Board now owns 236,770 shares of the chip maker’s stock worth $10,458,000 after acquiring an additional 19,700 shares in the last quarter. Finally, Founders Financial Securities LLC lifted its holdings in shares of Intel by 9.5% in the 1st quarter. Founders Financial Securities LLC now owns 35,381 shares of the chip maker’s stock worth $1,563,000 after acquiring an additional 3,079 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

NASDAQ INTC traded up $0.38 during trading hours on Friday, hitting $30.97. The company’s stock had a trading volume of 41,467,675 shares, compared to its average volume of 40,390,884. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. The company has a market cap of $131.84 billion, a P/E ratio of 32.26, a price-to-earnings-growth ratio of 14.76 and a beta of 1.06. The company’s 50 day simple moving average is $31.08 and its two-hundred day simple moving average is $39.46. Intel Co. has a 12 month low of $29.73 and a 12 month high of $51.28.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share (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 company had revenue of $12.72 billion during the quarter, compared to analysts’ expectations of $12.76 billion. As a group, sell-side analysts expect that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Announces Dividend

The company also recently announced 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 1.61%. Intel’s payout ratio is 52.08%.

Analyst Ratings Changes

INTC has been the topic of several recent research reports. Mizuho reduced their target price on shares of Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Citigroup reduced their price target on Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Bank of America dropped their price objective on Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, April 26th. Finally, Barclays cut their price target on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Three analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $39.58.

Insider Buying and Selling at Intel

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

About Intel

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.