Oxford Financial Group Ltd. grew its holdings in shares of Intel Co. (NASDAQ:INTC – Free Report) by 47.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,946 shares of the chip maker’s stock after purchasing an additional 4,182 shares during the quarter. Oxford Financial Group Ltd.’s holdings in Intel were worth $433,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Cantor Fitzgerald Investment Advisor L.P lifted its position in Intel by 173.6% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 539,976 shares of the chip maker’s stock valued at $26,761,000 after purchasing an additional 342,649 shares during the last quarter. Axiom Financial Strategies LLC lifted its position in Intel by 21.6% during the first quarter. Axiom Financial Strategies LLC now owns 5,944 shares of the chip maker’s stock valued at $260,000 after purchasing an additional 1,056 shares during the last quarter. Fairfield Bush & CO. bought a new stake in Intel during the first quarter valued at approximately $142,000. Retirement Income Solutions Inc lifted its position in Intel by 5.1% during the first 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 during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Intel by 26.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,863,459 shares of the chip maker’s stock valued at $290,593,000 after purchasing an additional 1,244,247 shares during the last quarter. 60.84% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Intel from $32.00 to $38.00 and gave the company a “hold” rating in a research report on Friday, July 28th. Needham & Company LLC reissued a “buy” rating and set a $40.00 price target on shares of Intel in a research note on Friday, October 27th. Raymond James decreased their price target on shares of Intel from $42.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 25th. Wells Fargo & Company decreased their price target on shares of Intel from $40.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Friday, July 28th. Finally, Rosenblatt Securities reissued a “sell” rating and set a $17.00 price target on shares of Intel in a research note on Friday, October 27th. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $35.53.
Insider Buying and Selling
In other news, CEO Patrick P. Gelsinger purchased 6,775 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were bought at an average price of $36.80 per share, for a total transaction of $249,320.00. Following the purchase, the chief executive officer now directly owns 25,475 shares in the company, valued at approximately $937,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.04% of the stock is currently owned by company insiders.
Intel Stock Performance
Shares of INTC stock opened at $43.81 on Friday. Intel Co. has a 12 month low of $24.73 and a 12 month high of $43.81. The stock has a market cap of $184.70 billion, a PE ratio of -109.53, a price-to-earnings-growth ratio of 15.13 and a beta of 0.88. The company has a current ratio of 1.53, a quick ratio of 1.13 and a debt-to-equity ratio of 0.44. The company’s fifty day moving average price is $36.71 and its 200-day moving average price is $34.34.
Intel (NASDAQ:INTC – Get Free Report) last announced its earnings results on Thursday, October 26th. The chip maker reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.20. Intel had a negative net margin of 3.11% and a positive return on equity of 0.49%. The firm had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $13.57 billion. During the same quarter in the previous year, the business posted $0.59 EPS. The company’s quarterly revenue was down 7.2% on a year-over-year basis. On average, equities analysts expect that Intel Co. will post 0.19 EPS for the current fiscal year.
Intel Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Monday, November 6th. Intel’s payout ratio is -125.00%.
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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