MCF Advisors LLC Boosts Stake in Intel Co. (NASDAQ:INTC)

MCF Advisors LLC boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 46.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,300 shares of the chip maker’s stock after buying an additional 10,536 shares during the quarter. MCF Advisors LLC’s holdings in Intel were worth $1,471,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in INTC. New Millennium Group LLC raised its holdings in shares of Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares in the last quarter. Burkett Financial Services LLC purchased a new stake in Intel during the fourth quarter worth about $27,000. Frazier Financial Advisors LLC purchased a new stake in Intel during the fourth quarter worth about $27,000. Valued Wealth Advisors LLC acquired a new position in Intel during the fourth quarter worth about $36,000. Finally, Signature Resources Capital Management LLC acquired a new position in Intel during the fourth quarter worth about $37,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Patrick P. Gelsinger bought 4,100 shares of the stock in a transaction on Wednesday, May 1st. The shares were purchased at an average cost of $30.29 per share, for a total transaction 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 approximately $1,192,668.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger acquired 4,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was acquired 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 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 company’s stock in a transaction 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 acquisition, the chief executive officer now owns 39,375 shares in the company, valued at approximately $1,192,668.75. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

INTC has been the subject of a number of recent analyst reports. UBS Group boosted their price objective on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Monday, April 1st. The Goldman Sachs Group decreased their price objective on shares of Intel from $34.00 to $30.00 and set a “sell” rating for the company in a research note on Thursday, May 9th. Jefferies Financial Group started coverage on shares of Intel in a research note on Monday, May 13th. They issued a “hold” rating and a $34.00 target price for the company. Bank of America decreased their target price on shares of Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. Finally, Citigroup decreased their target price on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Three equities research 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 data from MarketBeat, Intel currently has an average rating of “Hold” and a consensus target price of $39.58.

Intel Price 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 stock has a fifty day simple moving average of $31.08 and a 200-day simple moving average of $39.53. The company has a market capitalization of $131.84 billion, a P/E ratio of 32.26, a PEG ratio of 14.58 and a beta of 1.06. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. Intel Co. has a twelve month low of $29.73 and a twelve month 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). The company had revenue of $12.72 billion for the quarter, compared to the consensus estimate of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. On average, analysts anticipate that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Announces Dividend

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 of this dividend was Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.61%. 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.