Intel Co. (NASDAQ:INTC) Shares Bought by Sloy Dahl & Holst LLC

Sloy Dahl & Holst LLC grew its holdings in Intel Co. (NASDAQ:INTC) by 9.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,104 shares of the chip maker’s stock after purchasing an additional 1,160 shares during the quarter. Sloy Dahl & Holst LLC’s holdings in Intel were worth $623,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of INTC. Barrett & Company Inc. lifted its holdings in shares of 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 in the last quarter. Revolve Wealth Partners LLC lifted its stake in Intel by 3.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock worth $372,000 after acquiring an additional 216 shares in the last quarter. New Millennium Group LLC boosted its position in Intel by 87.2% during the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after acquiring an additional 231 shares during the period. Waldron Private Wealth LLC grew its stake in Intel by 0.6% during the 4th quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock valued at $2,063,000 after acquiring an additional 232 shares in the last quarter. Finally, Spreng Capital Management Inc. increased its holdings in shares of Intel by 1.3% in the 4th 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 owned by hedge funds and other institutional investors.

Intel Price Performance

Shares of Intel stock traded up $0.03 during midday trading on Wednesday, hitting $31.10. 4,902,113 shares of the company were exchanged, compared to its average volume of 46,314,078. The firm has a 50 day simple moving average of $31.01 and a 200-day simple moving average of $39.36. 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 firm has a market cap of $132.39 billion, a P/E ratio of 32.40, a PEG ratio of 14.76 and a beta of 1.05. Intel Co. has a 52 week low of $29.73 and a 52 week high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 25th. The chip maker reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Intel had a net margin of 7.36% and a return on equity of 2.19%. The company had revenue of $12.72 billion for the quarter, compared to the consensus estimate of $12.76 billion. Research analysts forecast that Intel Co. will post 0.09 earnings per share for the current year.

Intel Dividend Announcement

The firm also recently disclosed 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%.

Wall Street Analyst Weigh In

Several research firms recently commented on INTC. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, April 26th. Wedbush lowered their price target on shares of Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a report on Friday, April 26th. Jefferies Financial Group assumed coverage on Intel in a report on Monday, May 13th. They set a “hold” rating and a $34.00 price objective for the company. StockNews.com raised Intel from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th. Finally, Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 target price on shares of Intel in a research report on Friday, April 26th. Three analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel presently has an average rating of “Hold” and an average target price of $39.58.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger bought 4,100 shares of Intel stock in a transaction dated 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 purchase, the chief executive officer now owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Patrick P. Gelsinger acquired 4,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average cost of $30.29 per share, with a total value of $124,189.00. Following the completion of the purchase, the chief executive officer now directly owns 39,375 shares in the company, valued at $1,192,668.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Patrick P. Gelsinger bought 4,000 shares of Intel stock in a transaction on Monday, April 29th. The shares were 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 owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

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.