Soltis Investment Advisors LLC Has $1.07 Million Position in Intel Co. (NASDAQ:INTC)

Soltis Investment Advisors LLC raised its stake in shares of Intel Co. (NASDAQ:INTC) by 2.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,113 shares of the chip maker’s stock after purchasing an additional 567 shares during the period. Soltis Investment Advisors LLC’s holdings in Intel were worth $1,065,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of INTC. Barrett & Company Inc. lifted its position in shares of Intel by 6.1% during the 4th quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock worth $184,000 after purchasing an additional 210 shares during the last quarter. Waldron Private Wealth LLC boosted its position in shares of 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 acquiring an additional 232 shares during the period. Valley National Advisers Inc. grew its stake in shares of Intel by 4.3% in the fourth quarter. Valley National Advisers Inc. now owns 5,974 shares of the chip maker’s stock worth $300,000 after acquiring an additional 246 shares during the last quarter. Lester Murray Antman dba SimplyRich increased its position in Intel by 1.1% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 22,179 shares of the chip maker’s stock worth $1,114,000 after acquiring an additional 247 shares during the period. Finally, Johnson Financial Group Inc. raised its stake in Intel by 4.5% during the 4th quarter. Johnson Financial Group Inc. now owns 5,730 shares of the chip maker’s stock valued at $288,000 after purchasing an additional 247 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

INTC has been the topic of several research reports. Bank of America lowered Intel from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $35.00 to $23.00 in a research note on Friday. Wedbush cut their target price on Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a research note on Friday. Wolfe Research upgraded shares of Intel from an “underperform” rating to a “peer perform” rating in a research note on Thursday, May 16th. JPMorgan Chase & Co. reduced their price objective on shares of Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a report on Friday. Finally, Hsbc Global Res cut shares of Intel from a “hold” rating to a “moderate sell” rating in a research note on Friday. Five research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $33.41.

Intel Trading Down 26.1 %

Shares of Intel stock traded down $7.57 during trading on Friday, reaching $21.48. 300,895,920 shares of the company were exchanged, compared to its average volume of 60,137,096. The firm has a market capitalization of $91.44 billion, a price-to-earnings ratio of 22.38, a P/E/G ratio of 17.38 and a beta of 1.05. Intel Co. has a twelve month low of $20.42 and a twelve month high of $51.28. The business has a 50-day moving average price of $31.35 and a 200-day moving average price of $36.85. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43.

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Wednesday, August 7th. Intel’s dividend payout ratio is currently 52.08%.

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.