Gamco Investors INC. ET AL Buys 699 Shares of Intel Co. (NASDAQ:INTC)

Gamco Investors INC. ET AL increased its holdings in shares of Intel Co. (NASDAQ:INTCFree Report) by 2.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,524 shares of the chip maker’s stock after purchasing an additional 699 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Intel were worth $1,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Cantor Fitzgerald Investment Advisor L.P raised its stake in Intel by 173.6% during the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 539,976 shares of the chip maker’s stock valued at $26,761,000 after buying an additional 342,649 shares during the last quarter. Axiom Financial Strategies LLC grew its holdings in shares of Intel by 21.6% in the first quarter. Axiom Financial Strategies LLC now owns 5,944 shares of the chip maker’s stock worth $260,000 after acquiring an additional 1,056 shares during the period. Fairfield Bush & CO. purchased a new stake in Intel during the first quarter valued at $142,000. Retirement Income Solutions Inc lifted its holdings in Intel by 5.1% in the first quarter. Retirement Income Solutions Inc now owns 6,338 shares of the chip maker’s stock valued at $314,000 after acquiring an additional 307 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Intel by 26.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,863,459 shares of the chip maker’s stock worth $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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $50.00 price target on shares of Intel in a research report on Friday, February 2nd. Benchmark increased their price target on shares of Intel from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Wedbush dropped their price target on shares of Intel from $45.00 to $40.00 and set a “neutral” rating on the stock in a research note on Friday, January 26th. TD Cowen reduced their price objective on Intel from $45.00 to $42.00 and set a “market perform” rating for the company in a research note on Friday, January 26th. Finally, Rosenblatt Securities reiterated a “sell” rating and set a $17.00 target price on shares of Intel in a research report on Tuesday, January 23rd. Four investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $41.48.

Read Our Latest Analysis on Intel

Intel Stock Performance

NASDAQ:INTC opened at $43.31 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. Intel Co. has a 1 year low of $24.73 and a 1 year high of $51.28. The stock’s 50 day simple moving average is $46.00 and its two-hundred day simple moving average is $40.02. The company has a market cap of $183.11 billion, a price-to-earnings ratio of 111.05, a PEG ratio of 3.97 and a beta of 1.02.

Intel (NASDAQ:INTCGet Free Report) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The business had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter in the previous year, the company posted $0.10 EPS. The company’s revenue was up 9.7% compared to the same quarter last year. As a group, equities analysts anticipate that Intel Co. will post 0.72 earnings per share for the current fiscal year.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Tuesday, February 6th. Intel’s dividend payout ratio is currently 128.21%.

Insider Activity

In related news, CEO Patrick P. Gelsinger bought 3,000 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were purchased at an average price of $43.36 per share, with a total value of $130,080.00. Following the transaction, the chief executive officer now owns 28,475 shares in the company, valued at approximately $1,234,676. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Patrick P. Gelsinger bought 3,000 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were purchased at an average price of $43.36 per share, with a total value of $130,080.00. Following the transaction, the chief executive officer now owns 28,475 shares in the company, valued at approximately $1,234,676. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were bought at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

Intel Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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