Level Four Advisory Services LLC Grows Stake in Intel Co. (NASDAQ:INTC)

Posted by Defense World Staff on Sep 22nd, 2023

Level Four Advisory Services LLC raised its stake in Intel Co. (NASDAQ:INTC – Free Report) by 6.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 150,488 shares of the chip maker’s stock after acquiring an additional 8,802 shares during the period. Level Four Advisory Services LLC’s holdings in Intel were worth $5,032,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Psagot Value Holdings Ltd. Israel boosted its position in shares of Intel by 43.7% during the first quarter. Psagot Value Holdings Ltd. Israel now owns 4,456 shares of the chip maker’s stock valued at $142,000 after buying an additional 1,356 shares during the last quarter. Avaii Wealth Management LLC purchased a new stake in shares of Intel during the first quarter valued at $354,000. ProShare Advisors LLC boosted its position in shares of Intel by 11.3% during the first quarter. ProShare Advisors LLC now owns 4,754,164 shares of the chip maker’s stock valued at $155,319,000 after buying an additional 483,917 shares during the last quarter. Spire Wealth Management lifted its holdings in Intel by 27.7% in the first quarter. Spire Wealth Management now owns 40,570 shares of the chip maker’s stock valued at $1,325,000 after acquiring an additional 8,790 shares during the period. Finally, Nishkama Capital LLC purchased a new position in Intel in the first quarter worth about $12,023,000. 60.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Intel

In other Intel news, CEO Patrick P. Gelsinger bought 3,850 shares of Intel stock in a transaction dated Wednesday, August 2nd. The shares were purchased at an average cost of $34.63 per share, for a total transaction of $133,325.50. Following the acquisition, the chief executive officer now directly owns 105,495 shares in the company, valued at approximately $3,653,291.85. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Patrick P. Gelsinger purchased 3,250 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average cost of $35.87 per share, with a total value of $116,577.50. Following the purchase, the chief executive officer now owns 139,715 shares in the company, valued at $5,011,577.05. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick P. Gelsinger purchased 3,850 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were purchased at an average cost of $34.63 per share, with a total value of $133,325.50. Following the completion of the purchase, the chief executive officer now owns 105,495 shares in the company, valued at approximately $3,653,291.85. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Intel Stock Performance

Intel stock opened at $34.65 on Friday. The company’s 50-day moving average price is $35.18 and its 200-day moving average price is $32.45. Intel Co. has a twelve month low of $24.59 and a twelve month high of $40.07. The company has a quick ratio of 1.15, a current ratio of 1.60 and a debt-to-equity ratio of 0.44. The company has a market cap of $145.11 billion, a PE ratio of -157.49 and a beta of 0.89.

Intel (NASDAQ:INTC – Get Free Report) last posted its earnings results on Thursday, July 27th. The chip maker reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.14. Intel had a negative net margin of 1.71% and a positive return on equity of 1.70%. The firm had revenue of $12.95 billion for the quarter, compared to the consensus estimate of $12.03 billion. On average, equities research analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 7th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, August 4th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.44%. Intel’s dividend payout ratio (DPR) is presently -227.26%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on INTC. Evercore ISI increased their price objective on shares of Intel from $36.00 to $40.00 and gave the stock an “in-line” rating in a research note on Friday, July 28th. TD Cowen increased their price target on shares of Intel from $31.00 to $38.00 and gave the stock a “market perform” rating in a research report on Friday, July 28th. BMO Capital Markets boosted their price objective on shares of Intel from $32.00 to $36.00 and gave the company a “market perform” rating in a research report on Friday, July 28th. Needham & Company LLC raised their target price on Intel from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Finally, JPMorgan Chase & Co. upped their price target on Intel from $30.00 to $35.00 and gave the stock an “underweight” rating in a research report on Friday, July 28th. Six equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus target price of $33.55.

Read Our Latest Analysis on INTC

Intel Company Profile

(Free Report)

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.