Comprehensive Financial Consultants Institutional Inc. Raises Position in Intel Co. (NASDAQ:INTC)

Comprehensive Financial Consultants Institutional Inc. lifted its stake in Intel Co. (NASDAQ:INTC) by 5.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,151 shares of the chip maker’s stock after buying an additional 342 shares during the period. Comprehensive Financial Consultants Institutional Inc.’s holdings in Intel were worth $316,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. New Millennium Group LLC lifted its stake in shares of Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after acquiring an additional 231 shares in the last quarter. Frazier Financial Advisors LLC bought a new position in Intel during the 4th quarter valued at $27,000. Burkett Financial Services LLC bought a new position in Intel during the 4th quarter valued at $27,000. Tributary Capital Management LLC acquired a new stake in shares of Intel during the 1st quarter valued at $27,000. Finally, Raleigh Capital Management Inc. lifted its position in shares of 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 acquiring an additional 362 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Sanford C. Bernstein dropped their target price on Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a report on Friday, April 26th. Benchmark reaffirmed a “buy” rating and set a $62.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Evercore ISI cut their price objective on shares of Intel from $40.00 to $36.00 and set an “in-line” rating on the stock in a research report on Friday, April 26th. Citigroup cut their price objective on shares of Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Finally, Morgan Stanley cut their price objective on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus target price of $39.58.

Insiders Place Their Bets

In other news, CEO Patrick P. Gelsinger acquired 4,100 shares of the stock in a transaction on Wednesday, May 1st. The shares were purchased at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the transaction, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 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. Also, 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 cost of $30.29 per share, for a total transaction of $124,189.00. Following the completion of 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. Company insiders own 0.04% of the company’s stock.

Intel Stock Performance

INTC traded up $0.60 during trading hours on Tuesday, reaching $34.59. The company’s stock had a trading volume of 97,593,864 shares, compared to its average volume of 47,124,172. Intel Co. has a 52 week low of $29.73 and a 52 week high of $51.28. The company’s 50-day moving average is $30.94 and its 200-day moving average is $38.76. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The firm has a market cap of $147.25 billion, a PE ratio of 36.03, a price-to-earnings-growth ratio of 15.26 and a beta of 1.05.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share 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 business had revenue of $12.72 billion during the quarter, compared to the consensus estimate of $12.76 billion. On average, equities analysts forecast that Intel Co. will post 0.09 EPS for the current year.

Intel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.45%. The ex-dividend date was Monday, May 6th. Intel’s payout ratio is 52.08%.

Intel Company 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.