Guardian Wealth Advisors LLC NC decreased its position in shares of Intel Co. (NASDAQ:INTC – Free Report) by 14.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,974 shares of the chip maker’s stock after selling 1,704 shares during the quarter. Guardian Wealth Advisors LLC NC’s holdings in Intel were worth $326,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of INTC. Frontier Wealth Management LLC raised its position in shares of Intel by 0.5% in the first quarter. Frontier Wealth Management LLC now owns 46,894 shares of the chip maker’s stock valued at $2,181,000 after purchasing an additional 253 shares during the period. West Michigan Advisors LLC boosted its stake in shares of Intel by 5.4% in the 1st quarter. West Michigan Advisors LLC now owns 5,137 shares of the chip maker’s stock valued at $255,000 after purchasing an additional 262 shares in the last quarter. Retirement Income Solutions Inc boosted its stake in shares of Intel by 5.1% in the 1st quarter. Retirement Income Solutions Inc now owns 6,338 shares of the chip maker’s stock valued at $314,000 after purchasing an additional 307 shares in the last quarter. CFO4Life Group LLC boosted its stake in shares of Intel by 2.3% in the 1st quarter. CFO4Life Group LLC now owns 15,770 shares of the chip maker’s stock valued at $515,000 after purchasing an additional 348 shares in the last quarter. Finally, Traynor Capital Management Inc. boosted its stake in shares of Intel by 3.8% in the 1st quarter. Traynor Capital Management Inc. now owns 9,575 shares of the chip maker’s stock valued at $313,000 after purchasing an additional 351 shares in the last quarter. Hedge funds and other institutional investors own 60.84% of the company’s stock.
Insider Activity at Intel
In other Intel news, CEO Patrick P. Gelsinger bought 3,850 shares of Intel stock in a transaction that occurred on Wednesday, August 2nd. The shares were bought at an average cost of $34.63 per share, with a total value of $133,325.50. Following the transaction, the chief executive officer now directly owns 105,495 shares of the company’s stock, valued at approximately $3,653,291.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Patrick P. Gelsinger purchased 3,850 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were acquired at an average price of $34.63 per share, for a total transaction of $133,325.50. Following the purchase, the chief executive officer now owns 105,495 shares in the company, valued at $3,653,291.85. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Patrick P. Gelsinger bought 3,250 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were bought at an average cost of $35.87 per share, for a total transaction of $116,577.50. Following the completion of the acquisition, the chief executive officer now owns 139,715 shares of the company’s stock, valued at $5,011,577.05. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by corporate insiders.
Intel Price Performance
Intel (NASDAQ:INTC – Get Free Report) last released its quarterly earnings results on Thursday, July 27th. The chip maker reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.14. The firm had revenue of $12.95 billion during the quarter, compared to analyst estimates of $12.03 billion. Intel had a positive return on equity of 1.70% and a negative net margin of 1.71%. Equities analysts expect that Intel Co. will post -0.11 EPS for the current year.
Intel Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 7th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Friday, August 4th. Intel’s dividend payout ratio is currently -227.26%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on INTC shares. 22nd Century Group reiterated a “reiterates” rating on shares of Intel in a report on Wednesday, May 31st. Wolfe Research lifted their price objective on shares of Intel from $27.00 to $31.00 and gave the company an “underperform” rating in a research note on Friday, July 28th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Intel from $32.00 to $38.00 and gave the company a “hold” rating in a research note on Friday, July 28th. Robert W. Baird lifted their price objective on shares of Intel from $32.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, July 28th. Finally, Needham & Company LLC lifted their price target on shares of Intel from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Six equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus target price of $33.55.
Check Out Our Latest Report on INTC
Intel Company Profile
Intel Corporation designs, develops, manufactures, markets, and sells computing and related products worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, Accelerated Computing Systems and Graphics, Intel Foundry Services, and Other segments. The company offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and accelerators, boards and systems, connectivity products, and memory and storage products.
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