IFG Advisory LLC Purchases 17,531 Shares of Intel Co. (NASDAQ:INTC)

IFG Advisory LLC increased its position in shares of Intel Co. (NASDAQ:INTC) by 16.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 123,575 shares of the chip maker’s stock after buying an additional 17,531 shares during the quarter. IFG Advisory LLC’s holdings in Intel were worth $6,210,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of INTC. Moneta Group Investment Advisors LLC grew its stake in Intel by 100,953.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 51,133,863 shares of the chip maker’s stock valued at $1,351,468,000 after purchasing an additional 51,083,262 shares in the last quarter. Norges Bank acquired a new position in shares of Intel during the 4th quarter worth approximately $1,092,939,000. Clearbridge Investments LLC increased its holdings in shares of Intel by 4,407.3% during the 1st quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker’s stock worth $814,727,000 after acquiring an additional 16,074,485 shares during the last quarter. Barclays PLC increased its holdings in shares of Intel by 171.1% during the 2nd quarter. Barclays PLC now owns 21,404,715 shares of the chip maker’s stock worth $715,773,000 after acquiring an additional 13,507,774 shares during the last quarter. Finally, Morgan Stanley increased its holdings in shares of Intel by 29.8% during the 4th quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker’s stock worth $1,409,835,000 after acquiring an additional 12,241,200 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on INTC. Susquehanna boosted their target price on Intel from $38.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, January 18th. Wedbush restated a “neutral” rating and issued a $40.00 price target on shares of Intel in a research note on Friday, February 16th. Mizuho reduced their price target on Intel from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, January 26th. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $32.00 to $50.00 in a research note on Friday, December 15th. Finally, Rosenblatt Securities restated a “sell” rating and issued a $17.00 price target on shares of Intel in a research note on Friday, February 23rd. Four research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $41.48.

Intel Stock Performance

NASDAQ:INTC opened at $43.77 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. The business has a fifty day simple moving average of $43.98 and a two-hundred day simple moving average of $42.01. Intel Co. has a 1 year low of $26.85 and a 1 year high of $51.28. The company has a market capitalization of $185.06 billion, a P/E ratio of 112.23, a P/E/G ratio of 4.38 and a beta of 1.00.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.27. The company had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 earnings per share. On average, analysts expect that Intel Co. will post 0.64 earnings per share for the current year.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is presently 128.21%.

Insider Activity

In other Intel news, CEO Patrick P. Gelsinger acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was bought at an average price of $43.36 per share, with a total value of $130,080.00. Following the completion of the purchase, the chief executive officer now owns 28,475 shares of the company’s stock, valued at $1,234,676. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Patrick P. Gelsinger purchased 3,000 shares of the company’s stock in a transaction on Monday, January 29th. The stock was purchased at an average price of $43.36 per share, with a total value of $130,080.00. Following the completion of the purchase, the chief executive officer now directly owns 28,475 shares in the company, valued at approximately $1,234,676. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 2,800 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were purchased at an average cost of $42.74 per share, with a total value of $119,672.00. Following the purchase, the chief executive officer now owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by company insiders.

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.