Fi3 FINANCIAL ADVISORS LLC Invests $216,000 in Intel Co. (NASDAQ:INTC)

Fi3 FINANCIAL ADVISORS LLC purchased a new position in shares of Intel Co. (NASDAQ:INTC) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 4,299 shares of the chip maker’s stock, valued at approximately $216,000.

A number of other large investors also recently bought and sold shares of the business. New Millennium Group LLC lifted its position in shares of Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after purchasing an additional 231 shares during the last quarter. Legacy Financial Group LLC purchased a new position in Intel in the 3rd quarter worth about $30,000. Raleigh Capital Management Inc. lifted its holdings in Intel by 62.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after buying an additional 362 shares in the last quarter. Valued Wealth Advisors LLC purchased a new stake in Intel in the 4th quarter valued at about $36,000. Finally, Signature Resources Capital Management LLC bought a new position in Intel in the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Mizuho lowered their price target on Intel from $55.00 to $45.00 and set a “buy” rating for the company in a report on Friday, April 26th. Citigroup dropped 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. Cantor Fitzgerald restated a “neutral” rating and issued a $50.00 price objective on shares of Intel in a report on Wednesday, April 3rd. HSBC lowered their price objective on shares of Intel from $44.00 to $37.00 and set a “hold” rating for the company in a research note on Tuesday, April 23rd. Finally, TD Cowen cut their target price on shares of Intel from $42.00 to $35.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $39.75.

Insider Activity

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

Intel Stock Performance

Shares of NASDAQ:INTC traded up $0.39 during midday trading on Friday, reaching $30.90. The company’s stock had a trading volume of 36,794,828 shares, compared to its average volume of 58,447,700. 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 stock has a fifty day moving average of $39.60 and a 200 day moving average of $42.02. Intel Co. has a twelve month low of $26.85 and a twelve month high of $51.28. The firm has a market capitalization of $131.54 billion, a PE ratio of 32.19, a P/E/G ratio of 9.93 and a beta of 1.09.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.62%. Intel’s payout ratio is currently 52.08%.

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.