First Trust Direct Indexing L.P. Has $4.45 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

First Trust Direct Indexing L.P. lifted its holdings in Intel Co. (NASDAQ:INTC) by 20.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 88,548 shares of the chip maker’s stock after purchasing an additional 15,275 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Intel were worth $4,450,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. 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 last quarter. Legacy Financial Group LLC acquired a new position in Intel during the 3rd quarter worth approximately $30,000. Raleigh Capital Management Inc. boosted its position in Intel by 62.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after acquiring an additional 362 shares during the last quarter. Valued Wealth Advisors LLC acquired a new position in Intel during the 4th quarter worth approximately $36,000. Finally, Briaud Financial Planning Inc acquired a new position in Intel during the 3rd quarter worth approximately $40,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on INTC shares. Wedbush reduced their price target on Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a research report on Friday, April 26th. UBS Group upped their price target on Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Citigroup dropped their price objective on Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, April 15th. Bank of America dropped their price objective on Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, April 26th. Four analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $39.75.

Intel Price Performance

Shares of INTC traded down $0.10 during trading hours on Wednesday, hitting $30.37. 60,565,524 shares of the company were exchanged, compared to its average volume of 48,681,813. The company has a market cap of $129.29 billion, a price-to-earnings ratio of 31.40, a P/E/G ratio of 3.31 and a beta of 1.00. Intel Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The firm’s fifty day moving average is $40.35 and its 200 day moving average is $42.23.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio (DPR) is currently 52.08%.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger bought 4,000 shares of Intel stock in a transaction dated Monday, April 29th. The shares were bought at an average cost of $31.42 per share, with a total value of $125,680.00. Following the acquisition, the chief executive officer now owns 35,275 shares in the company, valued at approximately $1,108,340.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Intel news, CEO Patrick P. Gelsinger acquired 4,000 shares of Intel stock in a transaction that occurred on Monday, April 29th. The shares were acquired at an average cost of $31.42 per share, with a total value of $125,680.00. Following the completion of the purchase, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the purchase, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.

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.